Triangle Securities Wealth Management Has $821,000 Position in Walmart Inc. (NYSE:WMT)

Triangle Securities Wealth Management lifted its holdings in Walmart Inc. (NYSE:WMT) by 201.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,652 shares of the retailer’s stock after buying an additional 9,117 shares during the period. Triangle Securities Wealth Management’s holdings in Walmart were worth $821,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Walmart during the 4th quarter valued at about $3,674,652,000. BlueSpruce Investments LP acquired a new stake in shares of Walmart during the fourth quarter worth approximately $568,419,000. International Assets Investment Management LLC grew its position in Walmart by 15,371.4% during the fourth quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock valued at $553,545,000 after purchasing an additional 3,488,530 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Walmart by 11.9% in the 4th 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 buying an additional 2,150,351 shares during the period. Finally, Public Employees Retirement Association of Colorado grew its holdings in shares of Walmart by 14,035.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,274,428 shares of the retailer’s stock valued at $200,914,000 after acquiring an additional 1,265,412 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $67.91 on Friday. The company’s fifty day moving average is $63.23 and its two-hundred day moving average is $58.75. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $68.55. 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 firm has a market capitalization of $546.24 billion, a price-to-earnings ratio of 29.06, a P/E/G ratio of 3.92 and a beta of 0.52.

Walmart (NYSE:WMT) last released its 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. 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 quarter last year, the company earned $0.49 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. Equities research analysts forecast that Walmart Inc. will post 2.42 EPS for the current year.

Wall Street Analyst Weigh In

WMT has been the subject of a number of research reports. Tigress Financial lifted their price objective on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Raymond James lifted their price target on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Roth Mkm increased their price objective on Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Jefferies Financial Group raised their price objective on shares of Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Finally, 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. Three research 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 has an average rating of “Moderate Buy” and a consensus price target of $69.97.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was 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 directly owns 524,613 shares in the company, valued at $31,613,179.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $60.26, for a total transaction of $180,780.00. Following the sale, the executive vice president now directly owns 524,613 shares in the company, valued at approximately $31,613,179.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $60.81, for a total transaction of $798,131.25. Following the completion of the transaction, the executive vice president now directly owns 645,517 shares of the company’s stock, valued at approximately $39,253,888.77. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,493,971 shares of company stock valued at $950,549,592. 45.58% of the stock is owned by corporate insiders.

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.