Valeo Financial Advisors LLC Increases Stock Holdings in Walmart Inc. (NYSE:WMT)

Valeo Financial Advisors LLC boosted its position in Walmart Inc. (NYSE:WMT) by 215.0% in the first quarter, HoldingsChannel reports. The firm owned 142,960 shares of the retailer’s stock after buying an additional 97,575 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Walmart were worth $8,602,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Northwest Capital Management Inc increased its position in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the last quarter. Partnership Wealth Management LLC bought a new stake in Walmart in the fourth quarter worth about $30,000. Able Wealth Management LLC purchased a new position in Walmart in the fourth quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Walmart during the 4th quarter valued at approximately $32,000. Finally, Signature Resources Capital Management LLC bought a new stake in shares of Walmart in the 4th quarter worth approximately $35,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Up 0.2 %

Shares of NYSE WMT opened at $68.24 on Friday. The stock has a market capitalization of $548.89 billion, a P/E ratio of 29.20, a PEG ratio of 3.93 and a beta of 0.50. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04. The firm’s 50 day simple moving average is $64.57 and its two-hundred day simple moving average is $59.71. 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 issued 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 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 analysts’ expectations of $159.57 billion. During the same quarter last year, the company earned $0.49 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. As a group, analysts expect that Walmart Inc. will post 2.43 EPS for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 4,018,650 shares in the company, valued at $241,239,559.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred 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 sale, 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 SEC, which is available through this link. Also, Director S Robson Walton sold 3,540,250 shares of Walmart stock in a transaction on Friday, May 17th. The shares were sold at an average price of $64.55, for a total transaction of $228,523,137.50. Following the completion of the sale, the director now owns 648,504,011 shares in the company, valued at approximately $41,860,933,910.05. The disclosure for this sale can be found here. Insiders sold 14,525,340 shares of company stock worth $953,023,399 in the last ninety days. 45.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of recent research reports. Oppenheimer raised their target price on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Raymond James boosted their price objective on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walmart from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday. Bank of America boosted their price target on shares of Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, Roth Mkm raised their price objective on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.47.

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.