Uncommon Cents Investing LLC Grows Position in Walmart Inc. (NYSE:WMT)

Uncommon Cents Investing LLC increased its position in Walmart Inc. (NYSE:WMTFree Report) by 203.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,231 shares of the retailer’s stock after purchasing an additional 14,909 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Walmart were worth $1,338,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in WMT. Norges Bank purchased a new position in Walmart during the fourth quarter valued at $3,674,652,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Walmart by 184.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock valued at $756,188,000 after buying an additional 8,144,393 shares during the last quarter. BlueSpruce Investments LP purchased a new position in Walmart during the fourth quarter valued at $568,419,000. International Assets Investment Management LLC raised its stake in Walmart by 15,371.4% during the fourth quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock valued at $553,545,000 after buying an additional 3,488,530 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Walmart by 11.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock valued at $3,190,194,000 after buying an additional 2,150,351 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

NYSE WMT opened at $70.04 on Friday. The company has a market capitalization of $563.37 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 3.93 and a beta of 0.50. 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 business’s fifty day moving average is $64.93 and its 200 day moving average is $59.90. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $70.15.

Walmart (NYSE:WMTGet Free Report) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Sell-side analysts predict that Walmart Inc. will post 2.43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Robert W. Baird lifted their price objective on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Evercore ISI lifted their target price on Walmart from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a report on Monday, May 20th. Tigress Financial lifted their target price on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, Morgan Stanley lifted their target price on Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.47.

Check Out Our Latest Report on Walmart

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 4,018,650 shares in the company, valued at $241,239,559.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 4,018,650 shares in the company, valued at $241,239,559.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated 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 $30,816,896.04. The disclosure for this sale can be found here. Insiders have sold 14,525,340 shares of company stock worth $953,023,399 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

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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