GLOBALT Investments LLC GA Has $8.18 Million Stake in Walmart Inc. (NYSE:WMT)

GLOBALT Investments LLC GA grew its stake in Walmart Inc. (NYSE:WMTFree Report) by 198.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,896 shares of the retailer’s stock after purchasing an additional 90,327 shares during the period. GLOBALT Investments LLC GA’s holdings in Walmart were worth $8,177,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Capital Management Inc increased its stake in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after buying an additional 293 shares during the period. Partnership Wealth Management LLC bought a new position in shares of Walmart during the fourth quarter valued at $30,000. Able Wealth Management LLC acquired a new position in shares of Walmart during the fourth quarter worth $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Walmart in the fourth quarter worth $32,000. Finally, Signature Resources Capital Management LLC acquired a new stake in Walmart in the fourth quarter valued at $35,000. 26.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group lifted their target price on Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Telsey Advisory Group upped their target price on Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, June 10th. Tigress Financial raised their price target on shares of Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Roth Mkm boosted their price target on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Stifel Nicolaus increased their price objective on shares of Walmart from $69.00 to $71.00 and gave the stock a “hold” rating in a research report on Tuesday, July 2nd. 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. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.47.

Check Out Our Latest Stock Analysis on Walmart

Walmart Price Performance

WMT stock opened at $69.68 on Tuesday. 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 has a 50-day simple moving average of $65.12 and a two-hundred day simple moving average of $60.14. The company has a market capitalization of $560.47 billion, a P/E ratio of 29.82, 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.

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

Insiders Place Their Bets

In related news, SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the transaction, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Walmart news, EVP John D. Rainey sold 25,578 shares of the company’s stock in a transaction on Monday, July 1st. The stock was 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 owns 390,165 shares in the company, valued at approximately $26,367,350.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value 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 three months. 45.58% of the stock is currently 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.

See Also

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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