BTC Capital Management Inc. Makes New $15.44 Million Investment in Walmart Inc. (NYSE:WMT)

BTC Capital Management Inc. bought a new position in Walmart Inc. (NYSE:WMT) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 256,570 shares of the retailer’s stock, valued at approximately $15,438,000. Walmart accounts for 1.4% of BTC Capital Management Inc.’s holdings, making the stock its 13th biggest holding.

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

Walmart Stock Down 0.1 %

WMT stock 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 company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The firm’s fifty day moving average is $63.23 and its 200 day moving average is $58.75. The firm has a market cap of $546.24 billion, a PE ratio of 29.06, a P/E/G ratio of 3.92 and a beta of 0.52.

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

Insider Activity

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 521,613 shares in the company, valued at $30,816,896.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the transaction, the executive vice president now owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy Patrick Flynn sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was 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 $9,386,389.74. The disclosure for this sale can be found here. Insiders have sold 14,493,971 shares of company stock worth $950,549,592 in the last quarter. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Oppenheimer lifted their price objective on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Tigress Financial increased their price objective on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Jefferies Financial Group boosted their target price on Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Telsey Advisory Group raised 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. Finally, Citigroup upped their price objective on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $69.97.

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.