West Coast Financial LLC Buys 5,158 Shares of Walmart Inc. (NYSE:WMT)

West Coast Financial LLC boosted its position in Walmart Inc. (NYSE:WMTFree Report) by 206.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 7,661 shares of the retailer’s stock after purchasing an additional 5,158 shares during the period. West Coast Financial LLC’s holdings in Walmart were worth $461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of WMT. Valley Brook Capital Group Inc. boosted its position in Walmart by 4.2% during the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after purchasing an additional 315 shares during the period. Core Wealth Advisors Inc. grew its stake in Walmart by 38.9% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after buying an additional 420 shares in the last quarter. Motco raised its holdings in Walmart by 1.3% during the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after acquiring an additional 726 shares during the period. Tealwood Asset Management Inc. lifted its position in shares of Walmart by 200.0% during the first 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 in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Walmart by 24.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock valued at $12,351,000 after purchasing an additional 15,448 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other news, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $66.80, for a total value of $242,737,840.00. Following the transaction, the insider now owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the transaction, the insider now owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 3,633,800 shares of Walmart stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the completion of the sale, the insider now owns 636,898,811 shares of the company’s stock, valued at $42,544,840,574.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,493,971 shares of company stock worth $950,549,592. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Down 2.8 %

NYSE:WMT traded down $1.93 during mid-day trading on Tuesday, hitting $66.97. 12,235,297 shares of the company’s stock were exchanged, compared to its average volume of 18,083,979. The company has a market cap of $538.68 billion, a PE ratio of 28.71, a P/E/G ratio of 3.92 and a beta of 0.51. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04. The business has a fifty day moving average price of $63.41 and a 200 day moving average price of $58.92.

Walmart (NYSE:WMTGet Free Report) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (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 business had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same quarter in the previous year, the business earned $0.49 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities analysts predict that Walmart Inc. will post 2.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WMT. Evercore ISI increased their price objective on Walmart from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. DA Davidson raised their price objective on shares of Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. JPMorgan Chase & Co. raised shares of Walmart from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $66.00 to $81.00 in a report on Monday, June 10th. HSBC boosted their price target on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Finally, StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 20th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.97.

View Our Latest Stock Analysis on Walmart

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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Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMTFree Report).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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