Mayfair Advisory Group LLC Boosts Stock Holdings in Walmart Inc. (NYSE:WMT)

Mayfair Advisory Group LLC increased its stake in Walmart Inc. (NYSE:WMT) by 207.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,351 shares of the retailer’s stock after acquiring an additional 6,982 shares during the period. Mayfair Advisory Group LLC’s holdings in Walmart were worth $623,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC boosted its stake in shares of Walmart by 13.5% during the third quarter. Lazard Asset Management LLC now owns 73,360 shares of the retailer’s stock valued at $11,731,000 after purchasing an additional 8,747 shares during the period. Alps Advisors Inc. raised its holdings in Walmart by 39.3% during the 3rd quarter. Alps Advisors Inc. now owns 47,367 shares of the retailer’s stock valued at $7,575,000 after buying an additional 13,357 shares during the last quarter. Evergreen Capital Management LLC boosted its position in Walmart by 1.0% during the 3rd quarter. Evergreen Capital Management LLC now owns 12,778 shares of the retailer’s stock valued at $2,044,000 after buying an additional 128 shares during the period. Legacy Advisors LLC boosted its position in Walmart by 30.7% during the 3rd quarter. Legacy Advisors LLC now owns 2,155 shares of the retailer’s stock valued at $345,000 after buying an additional 506 shares during the period. Finally, LaSalle St. Investment Advisors LLC grew its holdings in Walmart by 4.4% in the 3rd quarter. LaSalle St. Investment Advisors LLC now owns 1,823 shares of the retailer’s stock worth $291,000 after acquiring an additional 77 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WMT. KeyCorp increased their target price on shares of Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Barclays increased their price objective on Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Robert W. Baird boosted their target price on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Roth Mkm upped their target price on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Telsey Advisory Group lifted their price target on shares of Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, June 10th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.41.

Walmart Stock Down 0.3 %

Shares of Walmart stock opened at $67.48 on Tuesday. The company has a 50-day simple moving average of $64.07 and a two-hundred day simple moving average of $59.41. The stock has a market capitalization of $542.78 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 3.91 and a beta of 0.50. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $69.04. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping 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 analyst estimates of $159.57 billion. During the same period in the previous year, the business earned $0.49 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts anticipate that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the transaction, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Timothy Patrick Flynn sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the sale, the director now owns 144,807 shares in the company, valued at $9,386,389.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the sale, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The disclosure for this sale can be found here. Insiders have sold a total of 14,499,762 shares of company stock valued at $951,294,838 over the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

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.