Trilogy Capital Inc. Grows Stock Holdings in Walmart Inc. (NYSE:WMT)

Trilogy Capital Inc. increased its position in shares of Walmart Inc. (NYSE:WMT) by 515.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 9,095 shares of the retailer’s stock after buying an additional 7,617 shares during the quarter. Trilogy Capital Inc.’s holdings in Walmart were worth $547,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwest Capital Management Inc boosted its holdings in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares in the last quarter. Partnership Wealth Management LLC purchased a new stake in Walmart during the fourth quarter worth $30,000. Able Wealth Management LLC purchased a new stake in Walmart during the fourth quarter worth $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Walmart during the fourth quarter worth $32,000. Finally, Signature Resources Capital Management LLC acquired a new position in Walmart during the fourth quarter worth $35,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

NYSE:WMT opened at $67.48 on Tuesday. The firm has a market cap of $542.78 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 3.91 and a beta of 0.50. 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’s 50-day moving average is $64.07 and its two-hundred day moving average is $59.41. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $69.04.

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 the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 EPS. Research analysts expect that Walmart Inc. will post 2.42 EPS for the current year.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the transaction, the chief executive officer now owns 3,960,402 shares in the company, valued at $270,851,892.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the 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 completion of the sale, the executive vice president now owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the sale, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,499,762 shares of company stock worth $951,294,838. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on WMT. UBS Group upped their price objective on shares of Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walmart from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Monday. KeyCorp raised their price objective on shares of Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Barclays raised their price objective on shares of Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Finally, Royal Bank of Canada raised their price objective on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $70.41.

Walmart Company 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.