Cutter & CO Brokerage Inc. Purchases 5,102 Shares of Walmart Inc. (NYSE:WMT)

Cutter & CO Brokerage Inc. lifted its position in Walmart Inc. (NYSE:WMTFree Report) by 218.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,435 shares of the retailer’s stock after buying an additional 5,102 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Walmart were worth $447,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in WMT. Norges Bank bought a new stake in shares of Walmart in the 4th quarter valued at approximately $3,674,652,000. Bank of New York Mellon Corp lifted its holdings in Walmart by 183.0% in the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after purchasing an additional 18,865,484 shares during the last quarter. Raymond James & Associates lifted its holdings in Walmart by 212.6% in the 1st quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock worth $844,514,000 after purchasing an additional 9,544,958 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Walmart by 184.1% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock worth $756,188,000 after purchasing an additional 8,144,393 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Walmart by 199.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,639,240 shares of the retailer’s stock worth $459,653,000 after purchasing an additional 5,087,119 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of WMT stock opened at $70.04 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The stock’s fifty day moving average is $64.93 and its 200-day moving average is $59.90. The stock has a market capitalization of $563.37 billion, a PE ratio of 29.93, a PEG ratio of 3.93 and a beta of 0.50. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $70.15.

Walmart (NYSE:WMTGet Free Report) last posted 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 during the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. Equities research analysts expect that Walmart Inc. will post 2.43 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the transaction, the executive vice president now directly owns 390,165 shares in the company, valued at $26,367,350.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the completion of the transaction, the executive vice president now directly owns 390,165 shares in the company, valued at approximately $26,367,350.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the transaction, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220. The disclosure for this sale can be found here. Insiders sold a total of 14,525,340 shares of company stock worth $953,023,399 over the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on WMT. Roth Mkm boosted their target price on Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Stifel Nicolaus boosted their target price on Walmart from $69.00 to $71.00 and gave the stock a “hold” rating in a report on Tuesday. Bank of America boosted their target price on Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. BMO Capital Markets boosted their target price on Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Finally, Telsey Advisory Group upped their price target on Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $70.47.

Read Our Latest Analysis 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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