Walmart Inc. (NYSE:WMT) Shares Acquired by CVA Family Office LLC

CVA Family Office LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 200.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,241 shares of the retailer’s stock after acquiring an additional 18,171 shares during the quarter. CVA Family Office LLC’s holdings in Walmart were worth $1,639,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Valley Brook Capital Group Inc. grew its position in shares of Walmart by 4.2% during the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after buying an additional 315 shares in the last quarter. Core Wealth Advisors Inc. grew its holdings in Walmart by 38.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after acquiring an additional 420 shares in the last quarter. Motco increased its position in shares of Walmart by 1.3% in the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after purchasing an additional 726 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Walmart by 24.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock valued at $12,351,000 after purchasing an additional 15,448 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Walmart during the 4th quarter worth $2,340,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of analyst reports. Robert W. Baird raised their price target on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. HSBC raised their target price on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a report on Monday, May 20th. UBS Group raised their price objective on shares of Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. upgraded shares of Walmart from a “neutral” rating to an “overweight” rating and upped their target price for the company from $66.00 to $81.00 in a report on Monday, June 10th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus target price of $69.97.

Walmart Trading Down 0.1 %

Shares of WMT stock opened at $67.91 on Friday. The business’s fifty day moving average price is $63.23 and its 200 day moving average price is $58.75. The firm has a market capitalization of $546.24 billion, a PE 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 current ratio of 0.80 and a quick ratio of 0.23. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $68.55.

Walmart (NYSE:WMT) last posted its quarterly earnings results 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 the consensus estimate of $159.57 billion. During the same period last year, the firm earned $0.49 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, sell-side analysts forecast that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 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 document filed with the SEC, which can be accessed through the SEC website. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $60.45, for a total transaction of $1,760,545.80. Following the transaction, the chief executive officer now directly owns 4,047,767 shares of the company’s stock, valued at $244,687,515.15. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $73,610,637.46. Following the transaction, the insider now owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The disclosure for this sale can be found here. Insiders sold 14,493,971 shares of company stock worth $950,549,592 in the last ninety days. Insiders own 45.58% of the company’s stock.

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.