Miracle Mile Advisors LLC Sells 3,062 Shares of Walmart Inc. (NYSE:WMT)

Miracle Mile Advisors LLC decreased its stake in shares of Walmart Inc. (NYSE:WMT) by 8.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,266 shares of the retailer’s stock after selling 3,062 shares during the period. Miracle Mile Advisors LLC’s holdings in Walmart were worth $2,122,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. AHL Investment Management Inc. lifted its stake in shares of Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after purchasing an additional 15,785 shares during the period. Valley Brook Capital Group Inc. increased its holdings in Walmart by 4.2% during the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after buying an additional 315 shares during the last quarter. Core Wealth Advisors Inc. raised its position in Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after acquiring an additional 420 shares during the period. Motco boosted its stake in shares of Walmart by 1.3% during the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock worth $9,191,000 after acquiring an additional 726 shares during the last quarter. Finally, Sovereign Financial Group Inc. grew its position in shares of Walmart by 204.3% during the 1st quarter. Sovereign Financial Group Inc. now owns 6,515 shares of the retailer’s stock valued at $392,000 after acquiring an additional 4,374 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Telsey Advisory Group lifted their target price on Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on Walmart from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Monday. Roth Mkm lifted their price target on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a report on Friday, May 17th. Oppenheimer increased their price objective on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Finally, KeyCorp lifted their target price on shares of Walmart from $63.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.47.

Walmart Trading Up 0.9 %

WMT opened at $68.07 on Wednesday. The stock has a 50-day moving average of $64.22 and a 200 day moving average of $59.53. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. 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 P/E ratio of 29.13, a P/E/G ratio of 3.91 and a beta of 0.50.

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

Insider Buying and Selling at Walmart

In other news, SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares in the company, valued at approximately $6,420,220. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP David Chojnowski sold 8,791 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the sale, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the completion of the sale, the insider now directly owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The disclosure for this sale can be found here. Insiders have sold 14,525,340 shares of company stock worth $953,023,399 over the last quarter. 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.