Summit Financial Wealth Advisors LLC Purchases 15,714 Shares of Walmart Inc. (NYSE:WMT)

Summit Financial Wealth Advisors LLC boosted its position in Walmart Inc. (NYSE:WMTFree Report) by 200.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,536 shares of the retailer’s stock after buying an additional 15,714 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in Walmart were worth $1,416,000 at the end of the most recent quarter.

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

Walmart Stock Performance

Shares of WMT opened at $69.90 on Wednesday. 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 company 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 Inc. has a 12-month low of $49.85 and a 12-month high of $70.25.

Walmart (NYSE:WMTGet Free Report) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The business 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 business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 EPS. As a group, equities analysts forecast that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

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 stock was sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the transaction, the director now directly owns 144,807 shares in the company, valued at approximately $9,386,389.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Timothy Patrick Flynn sold 30,000 shares of the stock in a transaction on 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 SEC, which is available through the SEC website. Also, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the transaction, the senior vice president now owns 94,415 shares in the company, valued at approximately $6,420,220. The disclosure for this sale can be found here. Insiders have sold 14,525,340 shares of company stock worth $953,023,399 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WMT. Stifel Nicolaus lifted their price objective on shares of Walmart from $69.00 to $71.00 and gave the company a “hold” rating in a report on Tuesday, July 2nd. Raymond James raised their target price on Walmart from $63.00 to $70.00 and gave the company an “outperform” 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 report on Friday, May 17th. Truist Financial raised their price objective on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research note on Friday, May 17th. Finally, Bank of America increased their target price on shares of Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.47.

Read Our Latest Analysis on WMT

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.

Further Reading

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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