Sunflower Bank N.A. Purchases 4,326 Shares of Walmart Inc. (NYSE:WMT)

Sunflower Bank N.A. lifted its position in Walmart Inc. (NYSE:WMT) by 202.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,459 shares of the retailer’s stock after purchasing an additional 4,326 shares during the period. Sunflower Bank N.A.’s holdings in Walmart were worth $389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Seven Mile Advisory lifted its position in Walmart by 1.6% during the third quarter. Seven Mile Advisory now owns 3,953 shares of the retailer’s stock valued at $632,000 after purchasing an additional 61 shares during the last quarter. Flynn Zito Capital Management LLC increased its position in Walmart by 3.9% during the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after acquiring an additional 61 shares during the last quarter. ICW Investment Advisors LLC raised its stake in shares of Walmart by 0.4% in the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after acquiring an additional 62 shares during the period. Bill Few Associates Inc. lifted its holdings in shares of Walmart by 1.1% in the 4th quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after acquiring an additional 64 shares during the last quarter. Finally, Gateway Advisory LLC boosted its stake in shares of Walmart by 4.1% during the 3rd quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock worth $263,000 after purchasing an additional 65 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Monday, April 1st. The shares were sold at an average price of $60.26, for a total value of $180,780.00. Following the completion of the transaction, the executive vice president now owns 524,613 shares of the company’s stock, valued at $31,613,179.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $66.85, for a total value of $877,406.25. Following the completion of the sale, the executive vice president now owns 658,665 shares of the company’s stock, valued at approximately $44,031,755.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $60.26, for a total transaction of $180,780.00. Following the transaction, the executive vice president now directly owns 524,613 shares in the company, valued at $31,613,179.38. The disclosure for this sale can be found here. Insiders have sold 14,493,971 shares of company stock valued at $950,549,592 in the last 90 days. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

Shares of WMT opened at $67.91 on Friday. Walmart Inc. has a one year low of $49.85 and a one year high of $68.55. The stock has a market cap of $546.24 billion, a P/E ratio of 29.06, a P/E/G ratio of 3.92 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The stock has a 50-day moving average of $63.23 and a two-hundred day moving average of $58.70.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same period in the previous year, the business posted $0.49 EPS. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts predict that Walmart Inc. will post 2.42 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Walmart from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $66.00 to $81.00 in a research report on Monday, June 10th. Raymond James raised their price target on Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Roth Mkm increased their target price on Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Evercore ISI lifted their target price on Walmart from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, 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 report on Friday, May 17th. Three 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.97.

About Walmart

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.