Cross Staff Investments Inc Boosts Position in Walmart Inc. (NYSE:WMT)

Cross Staff Investments Inc increased its holdings in Walmart Inc. (NYSE:WMTFree Report) by 200.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,185 shares of the retailer’s stock after acquiring an additional 4,790 shares during the quarter. Cross Staff Investments Inc’s holdings in Walmart were worth $432,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Flynn Zito Capital Management LLC boosted its stake in shares of Walmart by 3.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after purchasing an additional 61 shares in the last quarter. ICW Investment Advisors LLC lifted its holdings in Walmart by 0.4% in the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after buying an additional 62 shares during the period. Bill Few Associates Inc. lifted its holdings in Walmart by 1.1% in the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after buying an additional 64 shares during the period. Rossmore Private Capital grew its holdings in shares of Walmart by 0.3% during the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after acquiring an additional 65 shares during the period. Finally, Sheaff Brock Investment Advisors LLC grew its holdings in shares of Walmart by 0.3% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after acquiring an additional 65 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 0.5 %

Shares of NYSE:WMT opened at $69.68 on Tuesday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $70.15. The stock has a market capitalization of $560.47 billion, a price-to-earnings ratio of 29.82, a PEG 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 stock’s 50-day simple moving average is $65.12 and its two-hundred day simple moving average is $60.14.

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

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 25,578 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the transaction, the executive vice president now directly 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 accessible through the SEC website. In related news, EVP John D. Rainey sold 25,578 shares of Walmart 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 transaction, the executive vice president now owns 390,165 shares in the company, valued at approximately $26,367,350.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The disclosure for this sale can be found here. In the last ninety days, 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

Several equities research analysts recently weighed in on WMT shares. Robert W. Baird lifted their price target on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Jefferies Financial Group boosted their target price on shares of Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a report on Monday, June 10th. Telsey Advisory Group upped their target price on shares of Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, June 10th. The Goldman Sachs Group lifted their price target on shares of Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, Raymond James raised their price objective on Walmart from $63.00 to $70.00 and gave the company an “outperform” 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average price target of $70.47.

Get Our Latest Report on Walmart

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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