Walmart Inc. (NYSE:WMT) is Hexagon Capital Partners LLC’s Largest Position

Hexagon Capital Partners LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 209.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,341,674 shares of the retailer’s stock after buying an additional 1,585,056 shares during the period. Walmart comprises approximately 31.3% of Hexagon Capital Partners LLC’s holdings, making the stock its largest position. Hexagon Capital Partners LLC’s holdings in Walmart were worth $140,899,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in WMT. Lazard Asset Management LLC raised its stake in Walmart by 13.5% during the 3rd quarter. Lazard Asset Management LLC now owns 73,360 shares of the retailer’s stock valued at $11,731,000 after buying an additional 8,747 shares during the last quarter. Evergreen Capital Management LLC increased its stake in shares of Walmart by 1.0% in the 3rd quarter. Evergreen Capital Management LLC now owns 12,778 shares of the retailer’s stock worth $2,044,000 after purchasing an additional 128 shares in the last quarter. Legacy Advisors LLC increased its stake in shares of Walmart by 30.7% in the 3rd quarter. Legacy Advisors LLC now owns 2,155 shares of the retailer’s stock worth $345,000 after purchasing an additional 506 shares in the last quarter. JT Stratford LLC increased its stake in shares of Walmart by 7.2% in the 3rd quarter. JT Stratford LLC now owns 12,859 shares of the retailer’s stock worth $2,057,000 after purchasing an additional 867 shares in the last quarter. Finally, Scotia Capital Inc. increased its stake in shares of Walmart by 4.0% in the 3rd quarter. Scotia Capital Inc. now owns 339,828 shares of the retailer’s stock worth $54,341,000 after purchasing an additional 13,209 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on WMT shares. Barclays upped their price objective on Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Evercore ISI upped their price objective on Walmart from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Robert W. Baird increased their price target on Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. The Goldman Sachs Group increased their price target on Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 20th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $70.47.

Walmart Stock Performance

Walmart stock opened at $68.07 on Wednesday. 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 Inc. has a 1-year low of $49.85 and a 1-year high of $69.04. The firm has a market capitalization of $547.52 billion, a P/E ratio of 29.13, a price-to-earnings-growth ratio of 3.91 and a beta of 0.50. The company’s 50-day moving average is $64.22 and its 200 day moving average is $59.53.

Walmart (NYSE:WMT) last posted 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. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same period in the prior year, the company posted $0.49 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts forecast that Walmart Inc. will post 2.42 EPS for the current year.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the transaction, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the transaction, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the transaction, the executive vice president now directly owns 390,165 shares in the company, valued at $26,367,350.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,525,340 shares of company stock valued at $953,023,399. 45.58% of the stock is currently owned by company insiders.

Walmart 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.