Oxbow Advisors LLC Increases Position in Walmart Inc. (NYSE:WMT)

Oxbow Advisors LLC increased its stake in Walmart Inc. (NYSE:WMT) by 213.4% in the first quarter, HoldingsChannel.com reports. The firm owned 18,916 shares of the retailer’s stock after acquiring an additional 12,880 shares during the quarter. Oxbow Advisors LLC’s holdings in Walmart were worth $1,138,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Flynn Zito Capital Management LLC increased its holdings in shares of Walmart by 3.9% in the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after purchasing an additional 61 shares in the last quarter. ICW Investment Advisors LLC increased its holdings in Walmart by 0.4% during the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after acquiring an additional 62 shares in the last quarter. Bill Few Associates Inc. increased its holdings in Walmart by 1.1% during the 4th quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after acquiring an additional 64 shares in the last quarter. Rossmore Private Capital increased its holdings in Walmart by 0.3% during the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock valued at $3,232,000 after acquiring an additional 65 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its holdings in Walmart by 0.3% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock valued at $3,370,000 after acquiring an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 0.8 %

Shares of WMT stock opened at $69.24 on Friday. The stock has a market cap of $556.93 billion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 4.02 and a beta of 0.50. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $70.45. The firm’s 50 day moving average price is $65.95 and its two-hundred day moving average price is $60.52.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on WMT. Jefferies Financial Group raised their target price on shares of Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a report on Monday, June 10th. DA Davidson raised their target price on shares of Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. TD Cowen raised their target price on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Evercore ISI raised their target price on shares of Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Finally, BMO Capital Markets raised their price target on shares of Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $70.83.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 sale, the chief executive officer now owns 4,018,650 shares in the company, valued at $241,239,559.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the sale, the chief executive officer now owns 4,018,650 shares in the company, valued at $241,239,559.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the sale, the senior vice president now owns 94,415 shares in the company, valued at approximately $6,420,220. The disclosure for this sale can be found here. Insiders have sold a total of 14,525,340 shares of company stock valued at $953,023,399 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Walmart Company 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.