Whelan Financial Makes New $226,000 Investment in Walmart Inc. (NYSE:WMT)

Whelan Financial acquired a new stake in Walmart Inc. (NYSE:WMTFree Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 3,756 shares of the retailer’s stock, valued at approximately $226,000.

Several other large investors also recently modified their holdings of the stock. Marshall Financial Group LLC lifted its position in Walmart by 214.1% during the first quarter. Marshall Financial Group LLC now owns 51,599 shares of the retailer’s stock worth $3,105,000 after purchasing an additional 35,172 shares during the period. American National Bank & Trust Co. VA acquired a new position in shares of Walmart in the 1st quarter valued at approximately $1,208,000. FCG Investment Co lifted its holdings in shares of Walmart by 316.8% during the 1st quarter. FCG Investment Co now owns 17,423 shares of the retailer’s stock worth $1,048,000 after acquiring an additional 13,243 shares during the period. Insight Folios Inc boosted its position in shares of Walmart by 177.4% during the 1st quarter. Insight Folios Inc now owns 5,858 shares of the retailer’s stock worth $352,000 after acquiring an additional 3,746 shares in the last quarter. Finally, Retirement Guys Formula LLC increased its stake in Walmart by 892.9% in the first quarter. Retirement Guys Formula LLC now owns 31,048 shares of the retailer’s stock valued at $1,868,000 after acquiring an additional 27,921 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research analyst reports. DA Davidson raised their target price on Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. UBS Group raised their price objective on Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. BMO Capital Markets boosted their target price on Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Morgan Stanley raised their price target on shares of Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Finally, Jefferies Financial Group upped their price objective on shares of Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.47.

Check Out Our Latest Stock Report on Walmart

Insider Transactions at Walmart

In related news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Walmart news, Director Timothy Patrick Flynn sold 30,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the transaction, the director now directly owns 144,807 shares of the company’s stock, valued at $9,386,389.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the sale, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The disclosure for this sale can be found here. Insiders have sold 14,525,340 shares of company stock valued at $953,023,399 in the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

Walmart Price Performance

Shares of WMT opened at $70.04 on Friday. The firm has a market cap of $563.37 billion, a PE ratio of 29.97, a price-to-earnings-growth 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 business’s 50 day moving average price is $64.93 and its two-hundred day moving average price is $59.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80.

Walmart (NYSE:WMTGet Free Report) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share 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 net margin of 2.88% and a return on equity of 21.57%. Walmart’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS. On average, 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.

Further Reading

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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