Fluent Financial LLC Has $3.83 Million Position in Walmart Inc. (NYSE:WMT)

Fluent Financial LLC raised its holdings in Walmart Inc. (NYSE:WMTFree Report) by 137.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,673 shares of the retailer’s stock after buying an additional 36,803 shares during the quarter. Walmart accounts for approximately 2.1% of Fluent Financial LLC’s holdings, making the stock its 14th biggest holding. Fluent Financial LLC’s holdings in Walmart were worth $3,831,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Flynn Zito Capital Management LLC grew its position 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 acquiring an additional 61 shares during the period. ICW Investment Advisors LLC grew its holdings in shares of Walmart by 0.4% in the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after purchasing an additional 62 shares during the last quarter. Bill Few Associates Inc. increased its position in shares of Walmart by 1.1% during the 4th quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after purchasing an additional 64 shares in the last quarter. Rossmore Private Capital lifted its holdings in Walmart by 0.3% during the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock valued at $3,232,000 after purchasing an additional 65 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted 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 valued at $3,370,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WMT shares. JPMorgan Chase & Co. upgraded Walmart from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $66.00 to $81.00 in a research report on Monday, June 10th. Oppenheimer lifted their price target on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. KeyCorp increased their price objective on shares of Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Roth Mkm raised their price objective on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, Jefferies Financial Group increased their price target on shares of Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, June 10th. 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.47.

Get Our Latest Report on WMT

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available at this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the sale, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction 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 have sold a total of 14,525,340 shares of company stock valued at $953,023,399 over the last three months. 45.58% of the stock is owned by company insiders.

Walmart Stock Up 2.6 %

Walmart stock opened at $70.04 on Friday. The firm has a 50 day moving average price of $64.93 and a 200-day moving average price of $59.90. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $70.15. The company has a market capitalization of $563.37 billion, a P/E ratio of 29.97, a P/E/G ratio of 3.93 and a beta of 0.50. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMTGet Free Report) last posted its quarterly earnings results 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 return on equity of 21.57% and a net margin of 2.88%. The firm had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. During the same period last year, the company earned $0.49 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts predict that Walmart Inc. will post 2.43 EPS for the current year.

Walmart 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

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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