Red Door Wealth Management LLC Acquires 79,077 Shares of Walmart Inc. (NYSE:WMT)

Red Door Wealth Management LLC increased its holdings in Walmart Inc. (NYSE:WMT) by 206.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 117,348 shares of the retailer’s stock after purchasing an additional 79,077 shares during the period. Walmart accounts for approximately 1.4% of Red Door Wealth Management LLC’s investment portfolio, making the stock its 24th biggest holding. Red Door Wealth Management LLC’s holdings in Walmart were worth $7,061,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WMT. Lazard Asset Management LLC raised its holdings 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 shares of Walmart by 39.3% during the third quarter. Alps Advisors Inc. now owns 47,367 shares of the retailer’s stock valued at $7,575,000 after purchasing an additional 13,357 shares during the period. Evergreen Capital Management LLC raised its holdings in shares of Walmart by 1.0% during the third quarter. Evergreen Capital Management LLC now owns 12,778 shares of the retailer’s stock valued at $2,044,000 after purchasing an additional 128 shares during the period. Legacy Advisors LLC raised its holdings in shares of Walmart by 30.7% during the third quarter. Legacy Advisors LLC now owns 2,155 shares of the retailer’s stock valued at $345,000 after purchasing an additional 506 shares during the period. Finally, LaSalle St. Investment Advisors LLC raised its holdings in shares of Walmart by 4.4% during the third quarter. LaSalle St. Investment Advisors LLC now owns 1,823 shares of the retailer’s stock valued at $291,000 after purchasing an additional 77 shares during the period. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WMT. Roth Mkm upped their price objective on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a report on Friday, May 17th. The Goldman Sachs Group upped their target price on shares of Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 17th. HSBC upped their target price on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Telsey Advisory Group upped their target price on shares of Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. Finally, Raymond James upped their target price on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus price target of $70.41.

Walmart Stock Performance

NYSE WMT opened at $67.48 on Tuesday. 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. The company has a market capitalization of $542.78 billion, a P/E ratio of 28.88, a P/E/G ratio of 3.91 and a beta of 0.50. The company has a fifty day moving average of $64.07 and a 200-day moving average of $59.41.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) 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 the consensus estimate of $159.57 billion. During the same period in the previous year, the firm posted $0.49 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts predict that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 3,633,800 shares of Walmart stock in a transaction on Monday, June 10th. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the completion of the sale, the insider now directly owns 636,898,811 shares of the company’s stock, valued at approximately $42,544,840,574.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Walmart news, Director Timothy Patrick Flynn sold 30,000 shares of the business’s stock in a transaction 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 completion of the sale, the director now directly owns 144,807 shares of the company’s stock, valued at $9,386,389.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the completion of the sale, the insider now directly owns 636,898,811 shares of the company’s stock, valued at $42,544,840,574.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,499,762 shares of company stock valued at $951,294,838. 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.