Walmart Inc. (NYSE:WMT) Holdings Lifted by Stack Financial Management Inc

Stack Financial Management Inc raised its position in shares of Walmart Inc. (NYSE:WMTFree Report) by 198.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,101,163 shares of the retailer’s stock after acquiring an additional 731,843 shares during the period. Walmart makes up 6.1% of Stack Financial Management Inc’s portfolio, making the stock its 2nd biggest position. Stack Financial Management Inc’s holdings in Walmart were worth $66,257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. Norges Bank purchased a new position in Walmart in the 4th quarter worth approximately $3,674,652,000. Bank of New York Mellon Corp grew its holdings in Walmart by 183.0% during the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after purchasing an additional 18,865,484 shares in the last quarter. Raymond James & Associates increased its stake in Walmart by 212.6% during the 1st quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock worth $844,514,000 after buying an additional 9,544,958 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Walmart by 184.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock worth $756,188,000 after buying an additional 8,144,393 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Walmart by 199.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,639,240 shares of the retailer’s stock worth $459,653,000 after buying an additional 5,087,119 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Performance

WMT stock opened at $69.90 on Wednesday. The company has a 50-day simple moving average of $65.33 and a 200 day simple moving average of $60.26. The company has a market capitalization of $562.24 billion, a P/E ratio of 29.91, a PEG ratio of 4.02 and a beta of 0.50. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $70.25.

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

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total value of $1,748,313.72. Following the transaction, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the transaction, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction 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 sale, the executive 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 found here. In the last ninety days, insiders sold 14,525,340 shares of company stock valued at $953,023,399. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WMT shares. Robert W. Baird lifted their target price on Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. DA Davidson lifted their price objective on Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Roth Mkm increased their target price on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, May 17th. UBS Group increased their target price on Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Walmart from $71.00 to $77.00 and gave the company a “buy” rating in a report on Monday, July 1st. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.47.

View Our Latest Stock Report on Walmart

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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