Walmart Inc. (NYSE:WMT) Shares Bought by 1834 Investment Advisors Co.

1834 Investment Advisors Co. lifted its stake in shares of Walmart Inc. (NYSE:WMTFree Report) by 114.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,315 shares of the retailer’s stock after acquiring an additional 4,442 shares during the quarter. 1834 Investment Advisors Co.’s holdings in Walmart were worth $500,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. AHL Investment Management Inc. grew its stake in shares of Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after purchasing an additional 15,785 shares during the last quarter. Valley Brook Capital Group Inc. boosted its holdings in 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 buying an additional 315 shares in the last quarter. Core Wealth Advisors Inc. grew its position in 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 buying an additional 420 shares during the last quarter. Motco increased its holdings in shares of 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 buying an additional 726 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Walmart by 189.4% in the first quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock valued at $38,740,000 after buying an additional 421,366 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $70.04 on Monday. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $70.15. The firm has a market cap of $563.37 billion, a P/E ratio of 29.97, a P/E/G ratio of 4.04 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 two-hundred day moving average is $60.01.

Walmart (NYSE:WMTGet Free Report) last released its earnings results on Thursday, May 16th. The retailer reported $0.60 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 analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. Equities research analysts forecast that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 25,578 shares of the stock in a transaction on 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 sale, the executive vice president now owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total value of $1,991,790.36. Following the sale, the chief executive officer now owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction that occurred on 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 sale, the executive vice president now owns 390,165 shares in the company, valued at $26,367,350.70. The disclosure for this sale can be found here. In the last three months, insiders sold 14,525,340 shares of company stock valued at $953,023,399. 45.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WMT has been the topic of a number of analyst reports. BMO Capital Markets lifted their price target on Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Oppenheimer upped their target price on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Telsey Advisory Group raised their price target on shares of Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. Barclays increased their target price on shares of Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Finally, Roth Mkm lifted their price target 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. 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 stock currently has an average rating of “Moderate Buy” and an average target price of $70.47.

Check Out Our Latest Report on Walmart

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.

Further Reading

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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