WH Cornerstone Investments LLC increased its holdings in Walmart Inc. (NYSE:WMT – Free Report) by 186.7% during the first quarter, reports HoldingsChannel.com. The firm bought an additional 11,985 shares during the period, giving it a holding of 18,404 shares of the retailer’s stock. WH Cornerstone Investments LLC’s holdings in Walmart are now worth $1,107,000, according to the latest SEC filing.
Other large investors also recently modified their holdings in the company. Flynn Zito Capital Management LLC increased its holdings in shares of Walmart by 3.9% in the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after purchasing an additional 61 shares during the period. ICW Investment Advisors LLC increased its holdings in Walmart by 0.4% in the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after purchasing an additional 62 shares during the period. Bill Few Associates Inc. increased its holdings in Walmart by 1.1% in the fourth quarter. Bill Few Associates Inc. now holds 5,806 shares of the retailer’s stock, valued at $915,000. Rossmore Private Capital increased its holdings in Walmart stock by 0.3% in the fourth quarter. Rossmore Private Capital purchased an additional 65 shares during the period and now holds 20,504 shares, valued at $3,232,000. Finally, Schaeff Block Investment Advisors LLC increased its holdings in Walmart stock by 0.3% in the fourth quarter. Schaeff Block Investment Advisors LLC purchased an additional 65 shares during the quarter and now holds 21,377 shares, valued at $3,370,000. 26.76% of the stock is owned by institutional investors.
Insider Trading at Walmart
In other Walmart news, Executive Vice President John D. Rainey sold 25,578 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $67.58, for a total transaction 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 approximately $26,367,350.70. The transaction was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website. In other news, Major Shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total transaction value of $73,610,637.46. Following this transaction, the insider now directly owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this link. Additionally, Vice President John D. Rainey sold 25,578 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the close of the transaction, the vice president now directly owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The disclosure for this sale can be accessed here. The insider sold 14,525,340 shares of the company’s stock in the last quarter for $953,023,399. 45.58% of the stock is owned by insiders.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Piper Sandler initiated coverage on Walmart in a research report on Wednesday. The firm set an “overweight” rating and a $81.00 price target on the stock. Ross Mkm increased their price target on Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Robert W. Baird increased their price target on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. HSBC increased their price target on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Finally, Raymond James boosted their price objective on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating, and 28 have given a buy rating. According to MarketBeat.com, Walmart currently has a consensus rating of “moderate buy” with an average price target of $70.83.
Get the latest WMT research report
Walmart shares fell 0.8%
WMT shares opened trading at $69.24 on Friday. Walmart Inc.’s 52-week low is $49.85 and its 52-week high is $70.45. The company’s market cap is $556.93 billion, its price-to-earnings ratio is 29.63, its price-to-earnings growth ratio is 4.02 and its beta is 0.50. The company’s 50-day moving average price is $65.95 and its 200-day moving average price is $60.52. The company’s debt-to-equity ratio is 0.48, its quick ratio is 0.23 and its current ratio is 0.80.
Walmart (NYSE:WMT – get free report ) last released its quarterly earnings data on Thursday, May 16th. The retailer reported quarterly EPS of $0.60, beating the consensus estimate of $0.52 by $0.08. Walmart’s net margin was 2.88%, and its return on equity was 21.57%. Quarterly revenue from the business was $161.5 billion, beating analyst expectations of $159.57 billion. In the same period last year, the company posted earnings per share of $0.49. Walmart’s quarterly revenue increased 6.0% year over year. Analysts expect Walmart to post EPS of $2.43 for the current fiscal year.
About Walmart
(Free report)
Walmart Inc has retail, wholesale, other divisions, and e-commerce operations worldwide. The company operates through three divisions: Walmart US, Walmart International, and Sam’s Club. It operates Walmart and Walmart Neighborhood Market branded supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, membership-based warehouse clubs, e-commerce websites such as walmart.com.mx, walmart.ca, flipkart.com and PhonePe, and mobile commerce applications.
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