Walmart Inc. (NYSE:WMT) Stock Holdings Lifted by Cherry Tree Wealth Management LLC

Cherry Tree Wealth Management LLC increased its position in Walmart Inc. (NYSE:WMTFree Report) by 204.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,035 shares of the retailer’s stock after purchasing an additional 2,710 shares during the period. Cherry Tree Wealth Management LLC’s holdings in Walmart were worth $243,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WMT. AHL Investment Management Inc. increased its stake in Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after buying an additional 15,785 shares during the period. Valley Brook Capital Group Inc. lifted its stake in Walmart by 4.2% in the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after acquiring an additional 315 shares during the last quarter. Core Wealth Advisors Inc. increased its stake in shares of Walmart by 38.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after purchasing an additional 420 shares during the last quarter. Motco raised its holdings in shares of Walmart by 1.3% during the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after purchasing an additional 726 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Walmart by 189.4% in the 1st quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock valued at $38,740,000 after purchasing an additional 421,366 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WMT has been the topic of several analyst reports. The Goldman Sachs Group increased their target price on shares of Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. HSBC lifted their target price on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 20th. Evercore ISI increased their price objective on shares of Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Finally, Robert W. Baird upped their target price on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $70.47.

Get Our Latest Report on WMT

Walmart Stock Up 2.6 %

WMT stock opened at $70.04 on Monday. The stock has a market capitalization 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. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $70.15. The business has a 50-day moving average of $64.93 and a 200-day moving average of $60.01. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23.

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 analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $0.49 earnings per share. On average, sell-side analysts anticipate that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the transaction, the insider now directly owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The sale was disclosed in a filing with the SEC, which is available through this link. In other Walmart news, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $66.80, for a total value of $242,737,840.00. Following the sale, the insider now owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 14,525,340 shares of company stock valued at $953,023,399. 45.58% of the stock is owned by insiders.

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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