DGS Capital Management LLC lifted its stake in Walmart Inc. (NYSE:WMT – Free Report) by 297.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,044 shares of the retailer’s stock after purchasing an additional 12,006 shares during the period. DGS Capital Management LLC’s holdings in Walmart were worth $965,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Valley Brook Capital Group Inc. grew its holdings in Walmart by 4.2% during the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after acquiring an additional 315 shares during the period. Core Wealth Advisors Inc. grew its holdings in Walmart by 38.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after acquiring an additional 420 shares during the period. Motco grew its holdings in Walmart by 1.3% during the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock worth $9,191,000 after acquiring an additional 726 shares during the period. Tealwood Asset Management Inc. grew its holdings in Walmart by 200.0% during the 1st quarter. Tealwood Asset Management Inc. now owns 5,754 shares of the retailer’s stock worth $346,000 after acquiring an additional 3,836 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Walmart by 24.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock worth $12,351,000 after acquiring an additional 15,448 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.
Walmart Trading Up 0.2 %
NYSE:WMT opened at $68.41 on Thursday. 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 market capitalization of $550.26 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 3.89 and a beta of 0.52. The firm has a fifty day simple moving average of $63.56 and a two-hundred day simple moving average of $59.05. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $69.04.
Walmart (NYSE:WMT – Get Free Report) last posted 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% on a year-over-year basis. During the same period last year, the company posted $0.49 earnings per share. Analysts expect that Walmart Inc. will post 2.42 EPS for the current fiscal year.
Insider Activity
In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 transaction, the chief executive officer now directly owns 4,018,650 shares in the company, valued at $241,239,559.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 transaction, the chief executive officer now directly owns 4,018,650 shares in the company, valued at $241,239,559.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy Patrick Flynn sold 30,000 shares of Walmart 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 $9,386,389.74. The disclosure for this sale can be found here. Insiders sold 14,451,722 shares of company stock worth $947,990,915 over the last three months. 45.58% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on WMT shares. Royal Bank of Canada boosted their price target on shares of Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Evercore ISI boosted their price target on shares of Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Oppenheimer boosted their price target on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Monday, May 20th. Finally, The Goldman Sachs Group boosted their price objective on shares of Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research 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 company. According to MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $69.97.
View Our Latest Analysis on Walmart
About Walmart
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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