Marietta Wealth Management LLC Purchases 1,311 Shares of Walmart Inc. (NYSE:WMT)

Marietta Wealth Management LLC increased its position in Walmart Inc. (NYSE:WMTGet Rating) by 2.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,105 shares of the retailer’s stock after acquiring an additional 1,311 shares during the quarter. Walmart comprises about 1.6% of Marietta Wealth Management LLC’s investment portfolio, making the stock its 16th biggest position. Marietta Wealth Management LLC’s holdings in Walmart were worth $7,759,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WMT. Norges Bank bought a new position in Walmart in the 4th quarter worth $2,925,852,000. GQG Partners LLC bought a new position in Walmart in the 4th quarter worth $1,507,971,000. Nordea Investment Management AB raised its holdings in Walmart by 393.5% in the 4th quarter. Nordea Investment Management AB now owns 3,153,219 shares of the retailer’s stock worth $450,752,000 after acquiring an additional 2,514,311 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Walmart in the 4th quarter worth $220,119,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Walmart by 464.8% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,572,091 shares of the retailer’s stock worth $225,114,000 after acquiring an additional 1,293,769 shares during the period. Hedge funds and other institutional investors own 30.79% of the company’s stock.

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $125.61, for a total value of $1,219,421.88. Following the completion of the transaction, the chief executive officer now directly owns 1,526,864 shares of the company’s stock, valued at $191,789,387.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 29,124 shares of company stock valued at $4,100,950. Insiders own 48.44% of the company’s stock.

WMT has been the topic of several research analyst reports. Royal Bank of Canada set a $153.00 price target on shares of Walmart in a research report on Monday, June 6th. Bank of America decreased their price target on shares of Walmart from $190.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, May 18th. Wells Fargo & Company decreased their price target on shares of Walmart from $165.00 to $150.00 and set a “na” rating on the stock in a research report on Tuesday, May 17th. JPMorgan Chase & Co. set a $134.00 price target on shares of Walmart in a research report on Monday, June 6th. Finally, Stephens decreased their price target on shares of Walmart to $160.00 and set an “underweight” rating on the stock in a research report on Thursday, May 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.56.

NYSE:WMT opened at $123.08 on Wednesday. The firm has a market cap of $337.38 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 3.36 and a beta of 0.50. Walmart Inc. has a 12 month low of $117.27 and a 12 month high of $160.77. The company has a quick ratio of 0.23, a current ratio of 0.86 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $137.86 and its two-hundred day moving average price is $140.60.

Walmart (NYSE:WMTGet Rating) last announced its earnings results on Tuesday, May 17th. The retailer reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.18). Walmart had a return on equity of 19.05% and a net margin of 2.26%. The company had revenue of $141.60 billion during the quarter, compared to the consensus estimate of $138.05 billion. During the same period in the prior year, the firm posted $1.69 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. On average, research analysts expect that Walmart Inc. will post 6.4 EPS for the current fiscal year.

Walmart Profile (Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

Featured Stories

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMTGet Rating).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.