PFW Advisors LLC Raises Holdings in Walmart Inc. (NYSE:WMT)

PFW Advisors LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 207.8% during the first quarter, Holdings Channel.com reports. The firm owned 18,860 shares of the retailer’s stock after purchasing an additional 12,732 shares during the period. PFW Advisors LLC’s holdings in Walmart were worth $1,135,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Wynn Capital LLC increased its position in shares of Walmart by 202.1% during the 1st quarter. Wynn Capital LLC now owns 26,171 shares of the retailer’s stock worth $1,575,000 after purchasing an additional 17,509 shares during the last quarter. Private Capital Management LLC increased its position in shares of Walmart by 8.5% during the fourth quarter. Private Capital Management LLC now owns 2,244 shares of the retailer’s stock valued at $354,000 after acquiring an additional 175 shares during the last quarter. BTC Capital Management Inc. acquired a new stake in shares of Walmart during the first quarter valued at about $15,438,000. First Community Trust NA raised its stake in shares of Walmart by 200.0% in the 1st quarter. First Community Trust NA now owns 22,962 shares of the retailer’s stock valued at $1,382,000 after acquiring an additional 15,308 shares during the period. Finally, Spring Capital Management LLC lifted its holdings in shares of Walmart by 183.8% in the 1st quarter. Spring Capital Management LLC now owns 84,759 shares of the retailer’s stock worth $5,100,000 after acquiring an additional 54,896 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WMT. DA Davidson lifted their target price on shares of Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Citigroup lifted their price objective on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Evercore ISI boosted their price objective on Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday. Jefferies Financial Group raised their target price on Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, Stifel Nicolaus lifted their target price on Walmart from $65.00 to $69.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.97.

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of Walmart stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the transaction, the insider now directly owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of Walmart stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the transaction, the insider now directly owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 1,250,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $66.11, for a total value of $82,637,500.00. Following the sale, the insider now owns 640,532,611 shares of the company’s stock, valued at approximately $42,345,610,913.21. The disclosure for this sale can be found here. Insiders sold a total of 14,493,971 shares of company stock worth $950,549,592 in the last 90 days. Company insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.1 %

Shares of NYSE WMT opened at $67.91 on Friday. The business has a 50-day moving average price of $63.23 and a 200 day moving average price of $58.75. The stock has a market cap of $546.24 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $68.55.

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

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.