Baron Silver Stevens Financial Advisors LLC Buys 3,830 Shares of Walmart Inc. (NYSE:WMT)

Baron Silver Stevens Financial Advisors LLC grew its position in Walmart Inc. (NYSE:WMTFree Report) by 151.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,363 shares of the retailer’s stock after purchasing an additional 3,830 shares during the quarter. Baron Silver Stevens Financial Advisors LLC’s holdings in Walmart were worth $383,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new stake in Walmart during the third quarter worth approximately $4,595,000. Banque Pictet & Cie SA lifted its position in shares of Walmart by 840.4% during the 3rd quarter. Banque Pictet & Cie SA now owns 24,450 shares of the retailer’s stock valued at $3,910,000 after acquiring an additional 21,850 shares during the period. IMA Wealth Inc. grew its holdings in shares of Walmart by 1.6% during the 3rd quarter. IMA Wealth Inc. now owns 12,835 shares of the retailer’s stock worth $2,053,000 after purchasing an additional 200 shares in the last quarter. Quantum Financial Advisors LLC increased its position in shares of Walmart by 46.0% in the third quarter. Quantum Financial Advisors LLC now owns 2,795 shares of the retailer’s stock worth $447,000 after purchasing an additional 881 shares during the period. Finally, Fidelity D & D Bancorp Inc. acquired a new position in Walmart in the third quarter valued at about $340,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WMT. Jefferies Financial Group increased their price objective on shares of Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. The Goldman Sachs Group increased their price target 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. Tigress Financial boosted their price objective on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Evercore ISI raised their target price on Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Finally, Morgan Stanley boosted their price target on Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Three investment 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.47.

Get Our Latest Stock Analysis on WMT

Insider Buying and Selling at Walmart

In other news, Director Timothy Patrick Flynn sold 30,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the transaction, the director now owns 144,807 shares of the company’s stock, valued at approximately $9,386,389.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the sale, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Timothy Patrick Flynn sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the completion of the transaction, the director now directly owns 144,807 shares in the company, valued at approximately $9,386,389.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,525,340 shares of company stock valued at $953,023,399. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

WMT stock opened at $69.90 on Wednesday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $70.25. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average price of $65.33 and a 200-day moving average price of $60.26. The firm has a market cap of $562.24 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 4.02 and a beta of 0.50.

Walmart (NYSE:WMTGet Free Report) last posted its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 EPS. As a group, equities research analysts expect that Walmart Inc. will post 2.43 earnings per share 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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