Greenwood Capital Associates LLC Grows Stake in Walmart Inc. (NYSE:WMT)

Greenwood Capital Associates LLC grew its holdings in shares of Walmart Inc. (NYSE:WMTFree Report) by 177.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 133,357 shares of the retailer’s stock after buying an additional 85,286 shares during the period. Walmart accounts for 1.1% of Greenwood Capital Associates LLC’s portfolio, making the stock its 26th biggest position. Greenwood Capital Associates LLC’s holdings in Walmart were worth $8,024,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Allen Wealth Management LLC boosted its holdings in Walmart by 244.2% in the first quarter. Allen Wealth Management LLC now owns 6,616 shares of the retailer’s stock valued at $398,000 after acquiring an additional 4,694 shares in the last quarter. PDS Planning Inc lifted its position in shares of Walmart by 227.0% in the 1st quarter. PDS Planning Inc now owns 18,722 shares of the retailer’s stock worth $1,127,000 after purchasing an additional 12,997 shares during the period. Argent Advisors Inc. increased its position in shares of Walmart by 266.4% during the first quarter. Argent Advisors Inc. now owns 40,549 shares of the retailer’s stock valued at $2,440,000 after buying an additional 29,481 shares during the period. REDW Wealth LLC increased its position in shares of Walmart by 173.9% during the first quarter. REDW Wealth LLC now owns 14,826 shares of the retailer’s stock valued at $892,000 after buying an additional 9,413 shares during the period. Finally, Pullen Investment Management LLC bought a new position in Walmart in the first quarter worth about $636,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WMT. JPMorgan Chase & Co. raised Walmart from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $66.00 to $81.00 in a research report on Monday, June 10th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 20th. Citigroup raised their price objective on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Raymond James upped their target price on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. 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 analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.47.

Check Out Our Latest Research Report on WMT

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction dated 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 $26,367,350.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction that occurred 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 document filed with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the stock in a transaction on Monday, June 10th. The shares were 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 approximately $42,544,840,574.80. The disclosure for this sale can be found here. Insiders have sold a total of 14,525,340 shares of company stock worth $953,023,399 in the last three months. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

NYSE WMT opened at $69.68 on Tuesday. 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. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $70.15. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The business’s fifty day moving average price is $65.12 and its 200-day moving average price is $60.14.

Walmart (NYSE:WMTGet Free Report) last announced its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. During the same period in the previous year, the business posted $0.49 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities analysts predict that Walmart Inc. will post 2.43 earnings per share for the current year.

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.

See Also

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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