Walmart Inc. (NYSE:WMT) Stake Lifted by Mirador Capital Partners LP

Mirador Capital Partners LP increased its stake in Walmart Inc. (NYSE:WMT) by 205.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,634 shares of the retailer’s stock after acquiring an additional 3,116 shares during the period. Mirador Capital Partners LP’s holdings in Walmart were worth $279,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in WMT. Partnership Wealth Management LLC acquired a new stake in Walmart during the fourth quarter valued at approximately $30,000. Able Wealth Management LLC acquired a new stake in Walmart during the fourth quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Walmart during the fourth quarter valued at approximately $32,000. Signature Resources Capital Management LLC acquired a new stake in Walmart during the fourth quarter valued at approximately $35,000. Finally, Tidemark LLC acquired a new stake in Walmart during the fourth quarter valued at approximately $37,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Shares of WMT opened at $68.07 on Wednesday. The company’s fifty day moving average is $64.22 and its 200-day moving average is $59.53. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $69.04. The firm has a market cap of $547.52 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 3.91 and a beta of 0.50. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same period last year, the business posted $0.49 EPS. Walmart’s revenue was up 6.0% compared to the same quarter last year. Equities analysts expect that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Analyst Ratings Changes

WMT has been the subject of several recent research reports. The Goldman Sachs Group increased their target price on shares of Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Morgan Stanley increased their target price on shares of Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. KeyCorp upped their price target on shares of Walmart from $63.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Citigroup upped their price target on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, UBS Group upped their price target on shares of Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.47.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the transaction, the chief executive officer now directly owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the sale, the chief executive officer now directly owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the completion of the sale, the executive vice president now owns 390,165 shares in the company, valued at $26,367,350.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,525,340 shares of company stock worth $953,023,399. 45.58% of the stock is owned by insiders.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.