Walmart Inc. (NYSE:WMT) Stock Position Lifted by Capital Market Strategies LLC

Capital Market Strategies LLC boosted its holdings in Walmart Inc. (NYSE:WMTFree Report) by 200.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,017 shares of the retailer’s stock after acquiring an additional 2,678 shares during the period. Capital Market Strategies LLC’s holdings in Walmart were worth $242,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Summit Financial Group Inc. increased its position in Walmart by 192.5% in the 1st quarter. Summit Financial Group Inc. now owns 13,509 shares of the retailer’s stock valued at $813,000 after acquiring an additional 8,891 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of Walmart by 96.5% in the 1st quarter. Los Angeles Capital Management LLC now owns 850,171 shares of the retailer’s stock valued at $51,155,000 after purchasing an additional 417,568 shares during the period. NBC Securities Inc. boosted its holdings in shares of Walmart by 191.4% in the first quarter. NBC Securities Inc. now owns 109,210 shares of the retailer’s stock worth $6,571,000 after buying an additional 71,738 shares during the period. Somerset Trust Co grew its position in Walmart by 209.2% during the 1st quarter. Somerset Trust Co now owns 75,259 shares of the retailer’s stock worth $4,528,000 after purchasing an additional 50,922 shares in the last quarter. Finally, Insight Wealth Strategies LLC grew its holdings in shares of Walmart by 186.3% during the first quarter. Insight Wealth Strategies LLC now owns 25,442 shares of the retailer’s stock valued at $1,531,000 after buying an additional 16,554 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 0.3 %

Shares of WMT traded up $0.18 on Wednesday, hitting $67.60. The company’s stock had a trading volume of 12,093,549 shares, compared to its average volume of 14,152,189. The firm has a market capitalization of $543.74 billion, a price-to-earnings ratio of 28.93, a P/E/G ratio of 3.89 and a beta of 0.52. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $67.87. 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’s fifty day moving average price is $62.78 and its 200-day moving average price is $58.45.

Walmart (NYSE:WMTGet Free Report) last announced 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. The company had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. Walmart’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. On average, equities research analysts expect that Walmart Inc. will post 2.42 EPS for the current year.

Insider Buying and Selling

In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $66.85, for a total value of $877,406.25. Following the transaction, the executive vice president now owns 658,665 shares of the company’s stock, valued at $44,031,755.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $66.85, for a total value of $877,406.25. Following the sale, the executive vice president now directly owns 658,665 shares of the company’s stock, valued at $44,031,755.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the firm’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 transaction 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. In the last three months, insiders have sold 14,493,971 shares of company stock valued at $950,549,592. 45.58% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on WMT. KeyCorp increased their target price on shares of Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Morgan Stanley upped their price objective on shares of Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. DA Davidson upped their price target on Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. UBS Group boosted their price objective on shares of Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Finally, Roth Mkm upped their price target on Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $69.94.

Check Out Our Latest Report on WMT

About Walmart

(Free Report)

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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