Leibman Financial Services Inc. Acquires 7,455 Shares of Walmart Inc. (NYSE:WMT)

Leibman Financial Services Inc. raised its holdings in Walmart Inc. (NYSE:WMTFree Report) by 200.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,182 shares of the retailer’s stock after buying an additional 7,455 shares during the period. Leibman Financial Services Inc.’s holdings in Walmart were worth $673,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in WMT. Norges Bank acquired a new stake in Walmart during the 4th quarter worth approximately $3,674,652,000. BlueSpruce Investments LP acquired a new stake in Walmart during the 4th quarter worth approximately $568,419,000. International Assets Investment Management LLC lifted its holdings in Walmart by 15,371.4% during the 4th quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock worth $553,545,000 after purchasing an additional 3,488,530 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Walmart by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock worth $3,190,194,000 after purchasing an additional 2,150,351 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in Walmart by 14,035.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,274,428 shares of the retailer’s stock worth $200,914,000 after purchasing an additional 1,265,412 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WMT. BMO Capital Markets lifted their price target on Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Jefferies Financial Group lifted their price objective on Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a report on Monday, June 10th. Tigress Financial lifted their price objective on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. HSBC lifted their price objective on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Finally, Oppenheimer lifted their price objective on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.94.

View Our Latest Research Report on Walmart

Walmart Price Performance

WMT stock traded up $0.18 during midday trading on Wednesday, reaching $67.60. 12,093,549 shares of the stock were exchanged, compared to its average volume of 14,152,189. The stock has a market capitalization of $543.74 billion, a PE ratio of 28.93, a P/E/G ratio of 3.89 and a beta of 0.52. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $67.87. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The company has a fifty day moving average price of $62.78 and a 200 day moving average price of $58.45.

Walmart (NYSE:WMTGet Free Report) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same quarter in the previous year, the company posted $0.49 EPS. The business’s revenue was up 6.0% on a year-over-year basis. As a group, analysts expect that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total value of $1,944,600.00. Following the sale, the director now owns 144,807 shares in the company, valued at approximately $9,386,389.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $66.85, for a total value of $877,406.25. Following the transaction, the executive vice president now directly owns 658,665 shares of the company’s stock, valued at approximately $44,031,755.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy Patrick Flynn sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the completion of the transaction, the director now directly owns 144,807 shares in the company, valued at $9,386,389.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,493,971 shares of company stock worth $950,549,592. Insiders own 45.58% of the company’s stock.

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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