International Assets Investment Management LLC Buys 55,024 Shares of Walmart Inc. (NYSE:WMT)

International Assets Investment Management LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 247.1% during the first quarter, Holdings Channel.com reports. The firm owned 77,296 shares of the retailer’s stock after acquiring an additional 55,024 shares during the period. International Assets Investment Management LLC’s holdings in Walmart were worth $4,638,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Walmart by 5.2% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 4,103 shares of the retailer’s stock worth $656,000 after purchasing an additional 204 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Walmart by 10.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 12,507 shares of the retailer’s stock valued at $2,000,000 after buying an additional 1,140 shares during the last quarter. Personal CFO Solutions LLC grew its holdings in shares of Walmart by 5.4% during the third quarter. Personal CFO Solutions LLC now owns 5,946 shares of the retailer’s stock valued at $951,000 after buying an additional 303 shares during the last quarter. Eagle Asset Management Inc. increased its position in shares of Walmart by 34.6% during the third quarter. Eagle Asset Management Inc. now owns 58,839 shares of the retailer’s stock worth $9,410,000 after acquiring an additional 15,115 shares in the last quarter. Finally, EPG Wealth Management LLC raised its holdings in shares of Walmart by 27.9% in the 3rd quarter. EPG Wealth Management LLC now owns 2,348 shares of the retailer’s stock worth $375,000 after acquiring an additional 512 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 4,047,767 shares in the company, valued at approximately $244,687,515.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total value of $177,240.00. Following 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 SEC, which can be accessed through the SEC website. Also, 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 sale, the chief executive officer now owns 4,047,767 shares of the company’s stock, valued at $244,687,515.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,493,971 shares of company stock valued at $950,549,592. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Down 0.1 %

NYSE:WMT opened at $67.91 on Monday. The company 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. Walmart Inc. has a 1 year low of $49.85 and a 1 year 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 stock’s fifty day moving average price is $63.23 and its two-hundred day moving average price is $58.80.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same quarter last year, the company earned $0.49 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. As a group, analysts expect that Walmart Inc. will post 2.42 EPS for the current year.

Analyst Ratings Changes

WMT has been the subject of a number of analyst reports. Oppenheimer lifted their price target on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. Morgan Stanley upped their price target on Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 20th. UBS Group upped their target price on shares of Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Finally, Tigress Financial increased their target price on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.