Walmart Inc. (NYSE:WMT) Holdings Boosted by Bernardo Wealth Planning LLC

Bernardo Wealth Planning LLC lifted its holdings in Walmart Inc. (NYSE:WMT) by 196.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,454 shares of the retailer’s stock after acquiring an additional 4,278 shares during the quarter. Bernardo Wealth Planning LLC’s holdings in Walmart were worth $388,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Flynn Zito Capital Management LLC grew its stake in Walmart by 3.9% in the fourth 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% in the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after buying an additional 62 shares during the last quarter. Bill Few Associates Inc. raised its position in Walmart by 1.1% during the fourth 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 lifted its stake in Walmart by 0.3% in the fourth 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 during the last quarter. Finally, Sheaff Brock Investment Advisors LLC grew its position in Walmart by 0.3% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after acquiring an additional 65 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Walmart from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, July 1st. Robert W. Baird increased their price objective on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Barclays boosted their target price on Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. TD Cowen increased their price target on Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Stifel Nicolaus boosted their price objective on shares of Walmart from $69.00 to $71.00 and gave the stock a “hold” rating in a research note on Tuesday, July 2nd. Three 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, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $70.83.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, April 25th. The shares were 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total value of $177,240.00. Following the completion of the sale, the executive vice president now owns 521,613 shares in the company, valued at approximately $30,816,896.04. The disclosure for this sale can be found here. Insiders sold 14,525,340 shares of company stock valued at $953,023,399 in the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

Walmart Trading Up 0.6 %

Walmart stock traded up $0.44 during mid-day trading on Monday, hitting $69.68. 1,403,477 shares of the company’s stock were exchanged, compared to its average volume of 17,541,311. The company’s 50 day simple moving average is $65.95 and its 200-day simple moving average is $60.63. 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 $560.47 billion, a P/E ratio of 29.63, a PEG ratio of 3.99 and a beta of 0.50. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $70.45.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $159.57 billion. During the same quarter in the previous year, the business posted $0.49 EPS. Walmart’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts anticipate that Walmart Inc. will post 2.43 earnings per share for the current 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.