Carolina Wealth Advisors LLC Has $167,000 Holdings in Walmart Inc. (NYSE:WMT)

Carolina Wealth Advisors LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 277.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,769 shares of the retailer’s stock after acquiring an additional 2,036 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Walmart were worth $167,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Walmart by 0.6% during the third quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock valued at $21,944,764,000 after purchasing an additional 751,713 shares in the last quarter. Morgan Stanley grew its position in Walmart by 1.8% during the third quarter. Morgan Stanley now owns 24,087,268 shares of the retailer’s stock valued at $3,852,277,000 after purchasing an additional 426,388 shares in the last quarter. Norges Bank purchased a new position in Walmart during the fourth quarter valued at approximately $3,674,652,000. Price T Rowe Associates Inc. MD grew its position in Walmart by 11.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock valued at $3,190,194,000 after purchasing an additional 2,150,351 shares in the last quarter. Finally, Northern Trust Corp grew its position in Walmart by 4.0% during the third quarter. Northern Trust Corp now owns 14,765,278 shares of the retailer’s stock valued at $2,361,411,000 after purchasing an additional 562,256 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

NYSE:WMT opened at $67.60 on Thursday. Walmart Inc. has a one year low of $49.85 and a one year high of $67.87. The stock has a market cap of $543.74 billion, a P/E ratio of 28.93, a PEG ratio of 3.90 and a beta of 0.52. 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 $62.92 and a 200 day moving average price of $58.52.

Walmart (NYSE:WMT) 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 net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same quarter in the prior year, the company posted $0.49 EPS. The business’s revenue was up 6.0% on a year-over-year basis. Analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Raymond James boosted their target price on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Robert W. Baird boosted their target price 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. Citigroup boosted their target price on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, UBS Group boosted their target price on shares of Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $69.94.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $60.45, for a total value of $1,760,545.80. Following the completion of the transaction, the chief executive officer now owns 4,047,767 shares in the company, valued at approximately $244,687,515.15. The sale was disclosed in a filing with the SEC, which is available at this link. In other 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 owns 144,807 shares in the company, valued at $9,386,389.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $60.45, for a total value of $1,760,545.80. Following the sale, the chief executive officer now owns 4,047,767 shares in the company, valued at $244,687,515.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,493,971 shares of company stock worth $950,549,592. 45.58% of the stock is currently owned by corporate insiders.

Walmart 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.