Walmart Inc. (NYSE:WMT) Shares Acquired by Successful Portfolios LLC

Successful Portfolios LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 237.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,524 shares of the retailer’s stock after purchasing an additional 29,918 shares during the period. Walmart accounts for 1.7% of Successful Portfolios LLC’s portfolio, making the stock its 12th largest position. Successful Portfolios LLC’s holdings in Walmart were worth $2,559,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Compass Ion Advisors LLC increased its position in Walmart by 200.0% during the first quarter. Compass Ion Advisors LLC now owns 6,847 shares of the retailer’s stock worth $412,000 after purchasing an additional 4,565 shares during the last quarter. LVW Advisors LLC increased its position in Walmart by 319.9% during the first quarter. LVW Advisors LLC now owns 24,596 shares of the retailer’s stock worth $1,480,000 after purchasing an additional 18,738 shares during the last quarter. Citizens Business Bank increased its position in Walmart by 198.7% during the first quarter. Citizens Business Bank now owns 59,324 shares of the retailer’s stock worth $3,570,000 after purchasing an additional 39,464 shares during the last quarter. Mayfair Advisory Group LLC increased its position in Walmart by 207.2% during the first quarter. Mayfair Advisory Group LLC now owns 10,351 shares of the retailer’s stock worth $623,000 after purchasing an additional 6,982 shares during the last quarter. Finally, SteelPeak Wealth LLC grew its stake in Walmart by 19.6% during the first quarter. SteelPeak Wealth LLC now owns 16,325 shares of the retailer’s stock worth $986,000 after buying an additional 2,670 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 0.9 %

WMT stock opened at $68.07 on Wednesday. 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 Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $69.04. The firm’s 50-day simple moving average is $64.22 and its 200 day simple moving average is $59.53. The stock has a market cap of $547.52 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 3.91 and a beta of 0.50.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. As a group, sell-side analysts predict that Walmart Inc. will post 2.42 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Truist Financial boosted their price objective on shares of Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a research note on Friday, May 17th. Robert W. Baird boosted their price objective on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Stifel Nicolaus upped their target price on shares of Walmart from $69.00 to $71.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, Evercore ISI upped their target price on shares of Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average target price of $70.47.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the transaction, the chief executive officer now owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the transaction, the chief executive officer now owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the transaction, the executive vice president now owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,525,340 shares of company stock valued at $953,023,399. Company insiders own 45.58% of the company’s stock.

Walmart Company Profile

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.