Walmart Inc. (NYSE:WMT) Shares Purchased by Stack Financial Management Inc

Stack Financial Management Inc lifted its stake in shares of Walmart Inc. (NYSE:WMTFree Report) by 198.2% during the first quarter, Holdings Channel.com reports. The firm owned 1,101,163 shares of the retailer’s stock after buying an additional 731,843 shares during the period. Walmart accounts for approximately 6.1% of Stack Financial Management Inc’s holdings, making the stock its 2nd largest position. Stack Financial Management Inc’s holdings in Walmart were worth $66,257,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WMT. Flynn Zito Capital Management LLC grew its position in shares of Walmart by 3.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after buying an additional 61 shares during the period. ICW Investment Advisors LLC grew its holdings in Walmart by 0.4% during the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after acquiring an additional 62 shares during the period. Bill Few Associates Inc. raised its position in shares of Walmart by 1.1% during the 4th quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after acquiring an additional 64 shares during the last quarter. Rossmore Private Capital raised its position in shares of Walmart by 0.3% during the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock valued at $3,232,000 after acquiring an additional 65 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC lifted its stake in shares of Walmart by 0.3% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock valued at $3,370,000 after purchasing an additional 65 shares during the period. 26.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WMT has been the topic of several recent analyst reports. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 20th. The Goldman Sachs Group lifted their target price on Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Royal Bank of Canada increased their price target on Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Morgan Stanley raised their price target on Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Finally, Barclays boosted their price objective on Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $70.47.

View Our Latest Analysis on WMT

Walmart Trading Up 0.3 %

NYSE WMT opened at $69.90 on Wednesday. The company has a market cap of $562.24 billion, a PE ratio of 29.91, a PEG ratio of 4.02 and a beta of 0.50. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $70.25. The stock has a 50 day moving average of $65.33 and a 200-day moving average of $60.26. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMTGet Free Report) last announced its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 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 analysts’ expectations of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 earnings per share. On average, equities research analysts anticipate that Walmart Inc. will post 2.43 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 25,578 shares of the firm’s 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 sale, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the transaction, the chief executive officer now directly owns 3,960,402 shares in the company, valued at $270,851,892.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the sale, the executive vice president now owns 390,165 shares of the company’s stock, valued at approximately $26,367,350.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,525,340 shares of company stock worth $953,023,399. Company insiders own 45.58% of the company’s stock.

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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