Walmart Inc. (NYSE:WMT) Stock Holdings Increased by Horan Capital Advisors LLC.

Horan Capital Advisors LLC. lifted its stake in Walmart Inc. (NYSE:WMTFree Report) by 200.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,184 shares of the retailer’s stock after purchasing an additional 52,851 shares during the quarter. Walmart accounts for 1.7% of Horan Capital Advisors LLC.’s portfolio, making the stock its 16th largest position. Horan Capital Advisors LLC.’s holdings in Walmart were worth $4,764,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Partnership Wealth Management LLC bought a new position in Walmart during the fourth quarter valued at approximately $30,000. Able Wealth Management LLC bought a new position in Walmart during the fourth quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC bought a new position in Walmart during the fourth quarter valued at approximately $32,000. Signature Resources Capital Management LLC bought a new position in Walmart during the fourth quarter valued at approximately $35,000. Finally, Tidemark LLC bought a new position in Walmart during the fourth quarter valued at approximately $37,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Up 2.6 %

Shares of NYSE WMT opened at $70.04 on Monday. The stock has a market cap of $563.37 billion, a PE ratio of 29.97, a PEG ratio of 4.04 and a beta of 0.50. The business has a fifty day moving average of $64.93 and a two-hundred day moving average of $60.01. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $70.15. 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 issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 was up 6.0% on a year-over-year basis. During the same period last year, the business earned $0.49 earnings per share. As a group, equities research analysts expect that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

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 transaction of $1,748,313.72. Following the completion of the transaction, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total value of $1,944,600.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the transaction, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,525,340 shares of company stock valued at $953,023,399. 45.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

WMT has been the topic of several analyst reports. BMO Capital Markets increased their price target on Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Citigroup increased their price target on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Truist Financial increased their price target on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a report on Friday, May 17th. JPMorgan Chase & Co. upgraded Walmart from a “neutral” rating to an “overweight” rating and increased their price target for the company from $66.00 to $81.00 in a report on Monday, June 10th. Finally, Stifel Nicolaus increased their price target on Walmart from $69.00 to $71.00 and gave the company a “hold” rating in a report on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $70.47.

Get Our Latest Research Report on WMT

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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