DGS Capital Management LLC Buys 69 Shares of Walmart Inc. (NYSE:WMT)

DGS Capital Management LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,322 shares of the retailer’s stock after buying an additional 69 shares during the quarter. DGS Capital Management LLC’s holdings in Walmart were worth $490,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Bradley Mark J. lifted its holdings in Walmart by 14.5% during the first quarter. Bradley Mark J. now owns 25,851 shares of the retailer’s stock valued at $3,812,000 after purchasing an additional 3,275 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in Walmart in the 1st quarter worth $1,303,000. Sweeney & Michel LLC purchased a new stake in Walmart in the 1st quarter worth $350,000. Atomi Financial Group Inc. bought a new stake in Walmart during the first quarter valued at about $956,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Walmart in the first quarter valued at about $1,193,000. Institutional investors own 33.18% of the company’s stock.

Walmart Trading Up 0.0 %

WMT opened at $164.56 on Thursday. The company has a quick ratio of 0.26, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The firm has a market cap of $442.92 billion, a P/E ratio of 31.65, a P/E/G ratio of 3.86 and a beta of 0.49. Walmart Inc. has a 52 week low of $128.07 and a 52 week high of $165.85. The business has a fifty day simple moving average of $158.83 and a 200-day simple moving average of $152.20.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 17th. The retailer reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.15. The company had revenue of $161.63 billion during the quarter, compared to analysts’ expectations of $160.22 billion. Walmart had a return on equity of 21.47% and a net margin of 2.23%. Walmart’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the business posted $1.77 EPS. On average, equities analysts expect that Walmart Inc. will post 6.45 earnings per share for the current year.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $155.04, for a total transaction of $1,505,128.32. Following the sale, the chief executive officer now directly owns 1,490,621 shares in the company, valued at approximately $231,105,879.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Walmart news, major shareholder Jim C. Walton sold 2,149,275 shares of the company’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $153.97, for a total transaction of $330,923,871.75. Following the sale, the insider now owns 235,440,961 shares in the company, valued at approximately $36,250,844,765.17. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $155.04, for a total value of $1,505,128.32. Following the completion of the transaction, the chief executive officer now owns 1,490,621 shares of the company’s stock, valued at approximately $231,105,879.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,862,773 shares of company stock worth $1,219,366,298. Corporate insiders own 46.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Sanford C. Bernstein boosted their price target on Walmart from $159.00 to $165.00 and gave the stock a “market perform” rating in a report on Friday, August 18th. JPMorgan Chase & Co. upped their target price on shares of Walmart from $155.00 to $157.00 in a research report on Friday, May 19th. The Goldman Sachs Group lifted their price target on shares of Walmart from $176.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Raymond James raised their price objective on Walmart from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, August 18th. Finally, Truist Financial increased their price target on Walmart from $166.00 to $168.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Four equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $176.51.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.