DGS Capital Management LLC Raises Stake in Walmart Inc. (NYSE:WMT)

DGS Capital Management LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 297.3% in the first quarter, Holdings Channel reports. The firm owned 16,044 shares of the retailer’s stock after acquiring an additional 12,006 shares during the period. DGS Capital Management LLC’s holdings in Walmart were worth $965,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Northwest Capital Management Inc lifted its stake in Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares during the period. Partnership Wealth Management LLC purchased a new stake in Walmart in the fourth quarter worth about $30,000. Able Wealth Management LLC purchased a new stake in Walmart in the fourth quarter worth about $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Walmart in the fourth quarter worth about $32,000. Finally, Signature Resources Capital Management LLC purchased a new stake in Walmart in the fourth quarter worth about $35,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 owns 524,613 shares of the company’s stock, valued at approximately $31,613,179.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $60.26, for a total transaction of $180,780.00. Following the transaction, the executive vice president now owns 524,613 shares in the company, valued at approximately $31,613,179.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $66.85, for a total value of $877,406.25. Following the transaction, the executive vice president now owns 658,665 shares in the company, valued at approximately $44,031,755.25. The disclosure for this sale can be found here. Insiders have sold 14,451,722 shares of company stock valued at $947,990,915 in the last 90 days. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on WMT. Oppenheimer increased their price target on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 20th. Royal Bank of Canada increased their price target on shares of Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Citigroup increased their price target on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, Barclays increased their price target on shares of Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Three investment 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, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $69.97.

Walmart Price Performance

Shares of NYSE:WMT opened at $68.41 on Thursday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $69.04. The company’s 50 day moving average is $63.56 and its 200 day moving average is $59.05. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The company has a market cap of $550.26 billion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 3.89 and a beta of 0.52.

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