Winthrop Advisory Group LLC Boosts Position in Walmart Inc. (NYSE:WMT)

Winthrop Advisory Group LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 199.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,900 shares of the retailer’s stock after purchasing an additional 17,914 shares during the quarter. Winthrop Advisory Group LLC’s holdings in Walmart were worth $1,624,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WMT. Partnership Wealth Management LLC purchased a new stake in Walmart in the fourth quarter valued at approximately $30,000. Able Wealth Management LLC purchased a new stake in Walmart in the fourth quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Walmart in the fourth quarter valued at approximately $32,000. Signature Resources Capital Management LLC purchased a new stake in Walmart in the fourth quarter valued at approximately $35,000. Finally, Tidemark LLC purchased a new stake in Walmart in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the sale, the executive vice president now directly owns 521,613 shares in the company, valued at $30,816,896.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the sale, the executive vice president now directly owns 521,613 shares in the company, valued at $30,816,896.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s 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 completion of the sale, the insider now owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The disclosure for this sale can be found here. Insiders have sold 14,499,762 shares of company stock worth $951,294,838 over the last three months. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WMT. Raymond James boosted their price objective on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Truist Financial upped their price target on Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a research note on Friday, May 17th. Tigress Financial upped their price target on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. BMO Capital Markets upped their price target on Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Finally, The Goldman Sachs Group upped their price target on Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.97.

Walmart Stock Down 0.3 %

Walmart stock opened at $67.71 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The firm has a market capitalization of $544.63 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 3.91 and a beta of 0.50. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $69.04. The stock’s fifty day moving average is $64.07 and its two-hundred day moving average is $59.41.

Walmart (NYSE:WMT) last posted 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 return on equity of 21.57% and a net margin of 2.88%. The company had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same quarter in the prior year, the company earned $0.49 earnings per share. Walmart’s revenue was up 6.0% compared to the same quarter last year. Analysts predict that Walmart Inc. will post 2.42 EPS for the current fiscal 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.