E&G Advisors LP Acquires 7,259 Shares of Walmart Inc. (NYSE:WMT)

E&G Advisors LP grew its holdings in Walmart Inc. (NYSE:WMTFree Report) by 211.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,691 shares of the retailer’s stock after purchasing an additional 7,259 shares during the quarter. E&G Advisors LP’s holdings in Walmart were worth $643,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of WMT. Baker Avenue Asset Management LP boosted its stake in Walmart by 26.0% during the 3rd quarter. Baker Avenue Asset Management LP now owns 5,324 shares of the retailer’s stock worth $852,000 after acquiring an additional 1,099 shares during the last quarter. Crestwood Advisors Group LLC boosted its stake in Walmart by 30.6% during the 3rd quarter. Crestwood Advisors Group LLC now owns 9,414 shares of the retailer’s stock worth $1,506,000 after acquiring an additional 2,206 shares during the last quarter. Townsquare Capital LLC boosted its stake in Walmart by 0.3% during the 3rd quarter. Townsquare Capital LLC now owns 58,333 shares of the retailer’s stock worth $9,329,000 after acquiring an additional 158 shares during the last quarter. Essex Financial Services Inc. boosted its stake in Walmart by 1.5% during the 3rd quarter. Essex Financial Services Inc. now owns 9,017 shares of the retailer’s stock worth $1,442,000 after acquiring an additional 132 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its stake in Walmart by 5.2% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 30,105 shares of the retailer’s stock worth $4,815,000 after acquiring an additional 1,490 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Tigress Financial lifted their price objective on shares of Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Barclays raised their target price on shares of Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Citigroup raised their target price on shares of Walmart from $63.33 to $75.00 and gave the stock 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 stock an “outperform” rating in a report on Thursday, June 20th. Finally, KeyCorp raised their target price on shares of Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $70.47.

Check Out Our Latest Research Report on Walmart

Insiders Place Their Bets

In other Walmart news, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the completion of the sale, the chief executive officer now owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the sale, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The disclosure for this sale can be found here. Insiders sold a total of 14,525,340 shares of company stock valued at $953,023,399 over the last ninety days. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Up 2.6 %

WMT stock opened at $70.04 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The company has a fifty day moving average price of $64.93 and a two-hundred day moving average price of $59.90. Walmart Inc. has a one year low of $49.85 and a one year high of $70.15. The stock has a market cap of $563.37 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 3.93 and a beta of 0.50.

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

Walmart Company Profile

(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.

See Also

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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