Walmart Inc. (NYSE:WMT) Shares Acquired by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 197.1% during the first quarter, Holdings Channel.com reports. The fund owned 2,391,072 shares of the retailer’s stock after purchasing an additional 1,586,181 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Walmart were worth $143,871,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. AHL Investment Management Inc. grew its holdings in shares of Walmart by 192.1% during the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after acquiring an additional 15,785 shares in the last quarter. Valley Brook Capital Group Inc. grew its holdings in shares of Walmart by 4.2% during the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after acquiring an additional 315 shares in the last quarter. Core Wealth Advisors Inc. boosted its holdings 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 purchasing an additional 420 shares in the last quarter. Liberty Wealth Management LLC bought a new stake in Walmart in the first quarter worth $270,000. Finally, Motco boosted its holdings in Walmart by 1.3% in the fourth quarter. Motco now owns 58,301 shares of the retailer’s stock worth $9,191,000 after purchasing an additional 726 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other news, Director Timothy Patrick Flynn sold 30,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the sale, the director now directly owns 144,807 shares of the company’s stock, valued at $9,386,389.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Timothy Patrick Flynn sold 30,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the sale, the director now directly owns 144,807 shares of the company’s stock, valued at $9,386,389.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction 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 $241,239,559.50. The disclosure for this sale can be found here. Insiders have sold 14,525,340 shares of company stock valued at $953,023,399 over the last three months. 45.58% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on WMT shares. Telsey Advisory Group upped their price objective on shares of Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. Royal Bank of Canada upped their price objective on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Jefferies Financial Group upped their price objective on shares of Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Truist Financial boosted their target price on shares of Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a research report on Friday, May 17th. Finally, Citigroup boosted their target price on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.83.

Walmart Stock Performance

NYSE:WMT opened at $69.79 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $561.36 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 4.06 and a beta of 0.50. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $70.45. The firm has a 50-day moving average price of $65.76 and a 200 day moving average price of $60.40.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. Walmart’s revenue was up 6.0% compared to the same quarter last year. Research analysts anticipate that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

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.