AlphaQ Advisors LLC Acquires 34,212 Shares of Walmart Inc. (NYSE:WMT)

AlphaQ Advisors LLC lifted its holdings in Walmart Inc. (NYSE:WMTFree Report) by 192.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,999 shares of the retailer’s stock after acquiring an additional 34,212 shares during the period. Walmart accounts for about 1.9% of AlphaQ Advisors LLC’s portfolio, making the stock its 13th biggest holding. AlphaQ Advisors LLC’s holdings in Walmart were worth $3,129,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Partnership Wealth Management LLC bought a new position in Walmart during the fourth quarter valued at approximately $30,000. Able Wealth Management LLC bought a new position in shares of Walmart during the 4th quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Walmart in the fourth quarter valued at $32,000. Signature Resources Capital Management LLC purchased a new stake in Walmart during the fourth quarter valued at $35,000. Finally, Tidemark LLC bought a new position in Walmart during the fourth quarter valued at $37,000. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the sale, the executive vice president now directly owns 521,613 shares in the company, valued at $30,816,896.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 transaction, the chief executive officer now directly owns 4,018,650 shares in the company, valued at $241,239,559.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the sale, the executive vice president now owns 521,613 shares in the company, valued at approximately $30,816,896.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,525,340 shares of company stock worth $953,023,399. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.7 %

Shares of Walmart stock opened at $70.40 on Thursday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $70.44. The stock has a market cap of $566.27 billion, a P/E ratio of 30.09, a P/E/G ratio of 4.02 and a beta of 0.50. 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 stock’s 50 day simple moving average is $65.56 and its 200-day simple moving average is $60.34.

Walmart (NYSE:WMTGet Free Report) last announced its quarterly earnings data 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 firm had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. Walmart’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Analysts predict that Walmart Inc. will post 2.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the subject of a number of analyst reports. UBS Group increased their price target on shares of Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walmart from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, July 1st. Oppenheimer lifted their price target on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Royal Bank of Canada raised their price objective on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Finally, The Goldman Sachs Group increased their price target on Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.83.

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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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