Value Partners Investments Inc. purchased a new stake in shares of Walmart Inc. (NASDAQ:WMT – Free Report) during the first quarter, HoldingsChannel reports. The fund purchased 24,879 shares of the retailer’s stock, valued at approximately $3,089,000.
Other institutional investors have also bought and sold shares of the company. Entrust Financial LLC bought a new stake in shares of Walmart in the 4th quarter worth about $27,000. Merkkuri Wealth Advisors LLC bought a new position in shares of Walmart in the 1st quarter valued at about $29,000. Beacon Financial Strategies CORP bought a new position in shares of Walmart in the 4th quarter valued at about $30,000. Bay Harbor Wealth Management LLC grew its position in Walmart by 57.4% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock worth $32,000 after acquiring an additional 105 shares in the last quarter. Finally, Clayton Financial Group LLC grew its position in Walmart by 193.0% in the fourth quarter. Clayton Financial Group LLC now owns 293 shares of the retailer’s stock worth $33,000 after acquiring an additional 193 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.
Walmart Trading Down 0.9%
WMT opened at $114.60 on Tuesday. The stock has a market cap of $912.00 billion, a price-to-earnings ratio of 40.21, a P/E/G ratio of 4.31 and a beta of 0.60. The stock’s 50 day moving average price is $123.54 and its 200-day moving average price is $122.22. Walmart Inc. has a one year low of $94.23 and a one year high of $135.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.77.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. Evercore restated an “outperform” rating on shares of Walmart in a research report on Monday, May 18th. KeyCorp reiterated an “overweight” rating on shares of Walmart in a report on Friday, May 22nd. Freedom Capital raised Walmart from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. Morgan Stanley raised their price target on Walmart from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a research note on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $138.85.
Get Our Latest Stock Analysis on WMT
Insider Buying and Selling at Walmart
In other news, Director C Douglas Mcmillon sold 19,416 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $118.63, for a total transaction of $2,303,320.08. Following the completion of the sale, the director directly owned 4,174,579 shares of the company’s stock, valued at approximately $495,230,306.77. The trade was a 0.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Latriece Watkins sold 11,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the completion of the transaction, the executive vice president directly owned 120,203 shares in the company, valued at $14,300,550.91. This represents a 8.38% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 100,730 shares of company stock valued at $12,444,624. 0.09% of the stock is owned by company insiders.
About Walmart
Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.
The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.
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