MV Capital Management Inc. Has $3.54 Million Stake in Walmart Inc. (NYSE:WMT)

MV Capital Management Inc. raised its holdings in Walmart Inc. (NYSE:WMT) by 226.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,831 shares of the retailer’s stock after acquiring an additional 40,828 shares during the period. MV Capital Management Inc.’s holdings in Walmart were worth $3,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital Advisors Ltd. LLC grew its stake in Walmart by 217.3% in the first quarter. Capital Advisors Ltd. LLC now owns 3,751 shares of the retailer’s stock valued at $226,000 after acquiring an additional 2,569 shares during the period. Woodmont Investment Counsel LLC grew its stake in Walmart by 198.2% in the first quarter. Woodmont Investment Counsel LLC now owns 69,372 shares of the retailer’s stock valued at $4,174,000 after acquiring an additional 46,111 shares during the period. Financial Strategies Group Inc. grew its stake in Walmart by 200.0% in the first quarter. Financial Strategies Group Inc. now owns 5,190 shares of the retailer’s stock valued at $310,000 after acquiring an additional 3,460 shares during the period. Exchange Capital Management Inc. grew its stake in Walmart by 208.7% in the first quarter. Exchange Capital Management Inc. now owns 6,235 shares of the retailer’s stock valued at $375,000 after acquiring an additional 4,215 shares during the period. Finally, Synergy Asset Management LLC lifted its holdings in shares of Walmart by 199.6% in the first quarter. Synergy Asset Management LLC now owns 6,145 shares of the retailer’s stock valued at $370,000 after purchasing an additional 4,094 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WMT shares. Robert W. Baird boosted their price target on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Stifel Nicolaus boosted their price target on Walmart from $69.00 to $71.00 and gave the company a “hold” rating in a report on Tuesday. UBS Group boosted their price target on Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. BMO Capital Markets boosted their price target on Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Finally, KeyCorp boosted their price target on Walmart from $63.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.47.

Walmart Stock Up 0.2 %

Shares of WMT opened at $68.24 on Thursday. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $69.04. The stock has a market capitalization of $548.89 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 3.92 and a beta of 0.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The stock has a fifty day moving average of $64.40 and a 200-day moving average of $59.65.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating 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 company had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same period in the prior year, the company earned $0.49 EPS. Walmart’s revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the 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 completion of the transaction, the chief executive officer now directly owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, 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 transaction, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at approximately $26,367,350.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’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 directly owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,525,340 shares of company stock worth $953,023,399. Insiders own 45.58% of the company’s stock.

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.