Embree Financial Group Boosts Stock Position in Walmart Inc. (NYSE:WMT)

Embree Financial Group boosted its position in shares of Walmart Inc. (NYSE:WMT) by 225.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,898 shares of the retailer’s stock after buying an additional 6,161 shares during the quarter. Embree Financial Group’s holdings in Walmart were worth $535,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of WMT. Northwest Capital Management Inc boosted its stake in 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 buying an additional 293 shares during the period. Partnership Wealth Management LLC purchased a new position in Walmart during the fourth quarter worth $30,000. Able Wealth Management LLC purchased a new position in Walmart during the fourth quarter worth $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in Walmart during the fourth quarter worth $32,000. Finally, Signature Resources Capital Management LLC purchased a new position in Walmart during the fourth quarter worth $35,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of WMT stock opened at $69.79 on Friday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $70.45. The firm has a market capitalization of $561.36 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 4.06 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’s 50-day simple moving average is $65.76 and its 200-day simple moving average is $60.40.

Walmart (NYSE:WMT) last issued its quarterly earnings results 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 return on equity of 21.57% and a net margin of 2.88%. The business had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. As a group, equities analysts forecast that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the sale, the insider now owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the sale, the insider now owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $66.80, for a total value of $242,737,840.00. Following the completion of the sale, the insider now owns 636,898,811 shares in the company, valued at approximately $42,544,840,574.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,525,340 shares of company stock worth $953,023,399. Insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of several recent analyst reports. Telsey Advisory Group lifted their price objective on shares of Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, June 10th. Stifel Nicolaus boosted their target price on shares of Walmart from $69.00 to $71.00 and gave the company a “hold” rating in a research note on Tuesday, July 2nd. Roth Mkm boosted their target price on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, May 17th. DA Davidson boosted their target price on shares of Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Raymond James boosted their target price on shares of Walmart from $63.00 to $70.00 and gave the company an “outperform” 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $70.83.

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.