Horizon Wealth Management LLC Buys New Shares in Walmart Inc. (NYSE:WMT)

Horizon Wealth Management LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,314 shares of the retailer’s stock, valued at approximately $260,000.

Other large investors have also added to or reduced their stakes in the company. Northwest Capital Management Inc lifted its holdings in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the period. Partnership Wealth Management LLC acquired a new stake in Walmart during the 4th quarter valued at approximately $30,000. Able Wealth Management LLC acquired a new stake in Walmart during the 4th quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Walmart in the 4th quarter valued at $32,000. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of Walmart in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 0.9 %

WMT opened at $68.07 on Wednesday. The firm has a market capitalization 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’s 50 day simple moving average is $64.22 and its two-hundred day simple moving average is $59.53. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $69.04. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23.

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Royal Bank of Canada upped their price target on shares of Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. JPMorgan Chase & Co. raised Walmart from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $66.00 to $81.00 in a report on Monday, June 10th. Tigress Financial boosted their price target on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Raymond James upped their price objective on Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Finally, Jefferies Financial Group lifted their target price on shares of Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a report on Monday, June 10th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average price target of $70.47.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 25,578 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the sale, the executive vice president now owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the transaction, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $67.58, for a total value of $1,728,561.24. Following the sale, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The disclosure for this sale can be found here. Insiders have sold a total of 14,525,340 shares of company stock worth $953,023,399 in the last quarter. 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.