Advance Capital Management Inc. Boosts Stock Holdings in Walmart Inc. (NYSE:WMT)

Advance Capital Management Inc. lifted its stake in Walmart Inc. (NYSE:WMTFree Report) by 174.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 6,548 shares of the retailer’s stock after buying an additional 4,158 shares during the period. Advance Capital Management Inc.’s holdings in Walmart were worth $394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of WMT. Partnership Wealth Management LLC purchased a new stake in Walmart during the 4th quarter valued at $30,000. Able Wealth Management LLC bought a new position in shares of Walmart during the fourth quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Walmart during the fourth quarter worth about $32,000. Signature Resources Capital Management LLC bought a new stake in shares of Walmart in the fourth quarter worth about $35,000. Finally, Tidemark LLC purchased a new position in Walmart during the 4th quarter valued at about $37,000. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In related news, major shareholder Alice L. Walton sold 1,132,123 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the sale, the insider now owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $60.26, for a total transaction of $180,780.00. Following the completion of the sale, the executive vice president now directly owns 524,613 shares in the company, valued at approximately $31,613,179.38. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the completion of the transaction, the insider now owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The disclosure for this sale can be found here. Insiders sold 14,493,971 shares of company stock valued at $950,549,592 over the last three months. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on WMT. Telsey Advisory Group increased their price objective on Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. The Goldman Sachs Group raised their price target on Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Roth Mkm boosted their price objective on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Evercore ISI raised their target price on shares of Walmart from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Finally, TD Cowen lifted their target price on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $69.94.

Get Our Latest Analysis on Walmart

Walmart Stock Up 0.3 %

Shares of Walmart stock opened at $67.60 on Wednesday. The stock has a market capitalization of $543.74 billion, a PE ratio of 28.93, a price-to-earnings-growth ratio of 3.89 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The company has a 50-day simple moving average of $62.78 and a two-hundred day simple moving average of $58.45. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $67.87.

Walmart (NYSE:WMTGet Free Report) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. Walmart’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the company earned $0.49 EPS. On average, analysts anticipate that Walmart Inc. will post 2.42 EPS for the current fiscal 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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