Gold Investment Management Ltd. boosted its stake in Walmart Inc. (NYSE:WMT – Free Report) by 200.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,573 shares of the retailer’s stock after purchasing an additional 33,079 shares during the period. Walmart comprises approximately 1.2% of Gold Investment Management Ltd.’s investment portfolio, making the stock its 28th biggest position. Gold Investment Management Ltd.’s holdings in Walmart were worth $2,983,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Northwest Capital Management Inc grew its holdings in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares during the period. Partnership Wealth Management LLC acquired a new stake in Walmart during the 4th quarter worth about $30,000. Able Wealth Management LLC acquired a new stake in Walmart during the 4th quarter worth about $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Walmart during the 4th quarter worth about $32,000. Finally, Signature Resources Capital Management LLC acquired a new stake in Walmart during the 4th quarter worth about $35,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction that occurred on 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 sale, the director now owns 144,807 shares of the company’s stock, valued at approximately $9,386,389.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction that occurred on 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 approximately $9,386,389.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the completion of the transaction, the executive vice president now owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,525,340 shares of company stock valued at $953,023,399. 45.58% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of analysts have weighed in on the company. Stifel Nicolaus increased their price target on Walmart from $69.00 to $71.00 and gave the stock a “hold” rating in a report on Tuesday, July 2nd. Telsey Advisory Group increased their price target on Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. Deutsche Bank Aktiengesellschaft raised their target price on Walmart from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, July 1st. Truist Financial raised their target price on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research note on Friday, May 17th. Finally, Barclays raised their target price on Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.83.
Check Out Our Latest Stock Analysis on WMT
Walmart Price Performance
Walmart stock opened at $69.79 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The stock has a market cap of $561.36 billion, a P/E ratio of 29.87, a P/E/G ratio of 4.06 and a beta of 0.50. The company’s 50 day moving average price is $65.76 and its two-hundred day moving average price is $60.40. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $70.45.
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 company had revenue of $161.50 billion for 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%. Walmart’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. On average, equities analysts predict that Walmart Inc. will post 2.43 earnings per share for the current year.
Walmart Company Profile
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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