Consilio Wealth Advisors LLC Makes New Investment in Walmart Inc. (NYSE:WMT)

Consilio Wealth Advisors LLC acquired a new position in shares of Walmart Inc. (NYSE:WMT) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 3,820 shares of the retailer’s stock, valued at approximately $230,000.

A number of other hedge funds have also recently added to or reduced their stakes in WMT. Park Place Capital Corp increased its stake in shares of Walmart by 248.1% in the 1st quarter. Park Place Capital Corp now owns 22,809 shares of the retailer’s stock valued at $1,372,000 after purchasing an additional 16,257 shares during the last quarter. Silvia Mccoll Wealth Management LLC increased its stake in shares of Walmart by 206.5% in the 1st quarter. Silvia Mccoll Wealth Management LLC now owns 15,256 shares of the retailer’s stock valued at $925,000 after purchasing an additional 10,279 shares during the last quarter. O ROURKE & COMPANY Inc grew its position in Walmart by 200.1% during the 1st quarter. O ROURKE & COMPANY Inc now owns 12,665 shares of the retailer’s stock worth $762,000 after acquiring an additional 8,445 shares during the last quarter. Claro Advisors LLC lifted its holdings in Walmart by 207.4% during the 1st quarter. Claro Advisors LLC now owns 35,512 shares of the retailer’s stock worth $2,137,000 after buying an additional 23,960 shares during the period. Finally, Landmark Wealth Management Inc. acquired a new position in Walmart during the 1st quarter worth about $223,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $68.07 on Wednesday. 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 stock has a 50 day moving average price of $64.22 and a two-hundred day moving average price of $59.53. The firm has a market capitalization of $547.52 billion, a P/E ratio of 29.13, a P/E/G 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.

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 firm had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. Equities analysts forecast that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on WMT shares. Stifel Nicolaus lifted their target price on Walmart from $69.00 to $71.00 and gave the stock a “hold” rating in a report on Tuesday. Tigress Financial lifted their target price on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Telsey Advisory Group lifted their target price on Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. Barclays lifted their target price on Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Finally, UBS Group boosted their price objective on Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.47.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the sale, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was 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 $270,851,892.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,525,340 shares of company stock valued at $953,023,399. Corporate insiders own 45.58% of the company’s stock.

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.