Almanack Investment Partners LLC. Purchases New Holdings in Walmart Inc. (NYSE:WMT)

Almanack Investment Partners LLC. acquired a new position in shares of Walmart Inc. (NYSE:WMTFree Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 4,163 shares of the retailer’s stock, valued at approximately $250,000.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 20th. Citigroup upped their target price on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. HSBC upped their target price on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. JPMorgan Chase & Co. upgraded shares of Walmart from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $66.00 to $81.00 in a research report on Monday, June 10th. Finally, The Goldman Sachs Group upped 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. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.47.

Check Out Our Latest Analysis on Walmart

Insider Transactions at Walmart

In other news, 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 completion of the sale, the insider now owns 636,898,811 shares of the company’s stock, valued at $42,544,840,574.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the firm’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 completion of the sale, the insider now directly owns 636,898,811 shares of the company’s stock, valued at approximately $42,544,840,574.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the sale, the insider now directly owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The disclosure for this sale can be found here. Insiders sold 14,525,340 shares of company stock valued at $953,023,399 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE:WMT opened at $69.90 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The company has a market cap of $562.24 billion, a P/E ratio of 29.91, a P/E/G ratio of 4.02 and a beta of 0.50. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $70.25. The firm’s 50 day moving average is $65.33 and its two-hundred day moving average is $60.26.

Walmart (NYSE:WMTGet Free Report) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the business earned $0.49 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts expect that Walmart Inc. will post 2.43 EPS for the current year.

About Walmart

(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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