Carson Advisory Inc. Purchases 6,834 Shares of Walmart Inc. (NYSE:WMT)

Walmart logo Carson Advisory Inc. boosted its position in shares of Walmart Inc. (NYSE:WMT – Free Report) by 206.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,144 shares of the retailer’s stock after purchasing an additional 6,834 shares during the period. Carson Advisory Inc.’s holdings in Walmart were worth $610,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Walmart in the 4th quarter valued at about $3,674,652,000. Bank of New York Mellon Corp boosted its position in Walmart by 183.0% in the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after buying an additional 18,865,484 shares during the period. Raymond James & Associates boosted its position in Walmart by 212.6% in the 1st quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock valued at $844,514,000 after buying an additional 9,544,958 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Walmart by 184.1% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock valued at $756,188,000 after buying an additional 8,144,393 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Walmart by 199.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,639,240 shares of the retailer’s stock valued at $459,653,000 after buying an additional 5,087,119 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Down 0.9 %

NYSE:WMT opened at $69.79 on Friday. The firm has a market capitalization of $561.36 billion, a P/E ratio of 29.87, a PEG ratio of 4.06 and a beta of 0.50. 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’s fifty day moving average price is $65.76 and its 200-day moving average price is $60.40. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $70.45.

Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $0.49 earnings per share. As a group, equities research analysts anticipate that Walmart Inc. will post 2.43 EPS for the current year.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research reports. Citigroup boosted their price objective on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Truist Financial upped their price target on shares of Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a research report on Friday, May 17th. Jefferies Financial Group upped their price target on shares of Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Robert W. Baird upped their price target on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Walmart from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, July 1st. 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. According to MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $70.83.

Read Our Latest Research Report on WMT

Insider Activity at Walmart

In related news, Director Timothy Patrick Flynn sold 30,000 shares of the firm’s stock in a transaction on 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 sale, the director now owns 144,807 shares in the company, valued at $9,386,389.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the transaction, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Timothy Patrick Flynn sold 30,000 shares of the stock in a transaction on 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 directly owns 144,807 shares in the company, valued at $9,386,389.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,525,340 shares of company stock worth $953,023,399. 45.58% of the stock is owned by company insiders.

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.

Carson Advisory Inc. Purchases 6,834 Shares of Walmart Inc. (NYSE:WMT)