FCG Investment Co Purchases 13,243 Shares of Walmart Inc. (NYSE:WMT)

FCG Investment Co raised its position in Walmart Inc. (NYSE:WMTFree Report) by 316.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,423 shares of the retailer’s stock after purchasing an additional 13,243 shares during the quarter. FCG Investment Co’s holdings in Walmart were worth $1,048,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. AHL Investment Management Inc. increased its holdings in Walmart by 192.1% in the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after purchasing an additional 15,785 shares during the period. Valley Brook Capital Group Inc. raised its position in shares of Walmart by 4.2% during the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after acquiring an additional 315 shares during the last quarter. Core Wealth Advisors Inc. lifted its stake in shares of Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after acquiring an additional 420 shares during the period. Motco boosted its holdings in Walmart by 1.3% in the fourth quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after acquiring an additional 726 shares during the last quarter. Finally, Sovereign Financial Group Inc. increased its position in Walmart by 204.3% during the 1st quarter. Sovereign Financial Group Inc. now owns 6,515 shares of the retailer’s stock valued at $392,000 after purchasing an additional 4,374 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 25,578 shares of the stock in a transaction dated Monday, July 1st. The shares were 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 owns 390,165 shares in the company, valued at $26,367,350.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $68.20, for a total value of $895,125.00. Following the sale, the executive vice president now directly owns 645,540 shares in the company, valued at $44,025,828. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 25,578 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the sale, the executive vice president now directly owns 390,165 shares in the company, valued at $26,367,350.70. The disclosure for this sale can be found here. Insiders have sold 14,525,340 shares of company stock worth $953,023,399 in the last ninety days. Company insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Walmart from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Monday, July 1st. Citigroup lifted their price objective on Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Evercore ISI upped their target price on Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Finally, HSBC lifted their target price on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $70.47.

View Our Latest Stock Report on Walmart

Walmart Trading Up 2.6 %

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 company has a market capitalization of $563.37 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 4.04 and a beta of 0.50. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $70.15. The company has a 50-day simple moving average of $64.93 and a two-hundred day simple moving average of $59.95.

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