Diversified Trust Co Boosts Stock Position in Walmart Inc. (NYSE:WMT)

Diversified Trust Co lifted its position in Walmart Inc. (NYSE:WMT) by 172.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 97,691 shares of the retailer’s stock after buying an additional 61,877 shares during the quarter. Diversified Trust Co’s holdings in Walmart were worth $5,878,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WMT. Lazard Asset Management LLC raised its holdings in shares of Walmart by 13.5% in the 3rd quarter. Lazard Asset Management LLC now owns 73,360 shares of the retailer’s stock valued at $11,731,000 after buying an additional 8,747 shares during the period. Evergreen Capital Management LLC increased its holdings in Walmart by 1.0% during the 3rd quarter. Evergreen Capital Management LLC now owns 12,778 shares of the retailer’s stock worth $2,044,000 after purchasing an additional 128 shares during the period. Legacy Advisors LLC increased its holdings in Walmart by 30.7% during the 3rd quarter. Legacy Advisors LLC now owns 2,155 shares of the retailer’s stock worth $345,000 after purchasing an additional 506 shares during the period. JT Stratford LLC increased its holdings in Walmart by 7.2% during the 3rd quarter. JT Stratford LLC now owns 12,859 shares of the retailer’s stock worth $2,057,000 after purchasing an additional 867 shares during the period. Finally, Scotia Capital Inc. increased its holdings in Walmart by 4.0% during the 3rd quarter. Scotia Capital Inc. now owns 339,828 shares of the retailer’s stock worth $54,341,000 after purchasing an additional 13,209 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on WMT. Telsey Advisory Group upped their price target on Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. Stifel Nicolaus upped their price target on Walmart from $69.00 to $71.00 and gave the stock a “hold” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price target on Walmart from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Monday. Citigroup upped their price target on Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Finally, StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 20th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.47.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction that occurred 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 approximately $42,544,840,574.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Alice L. Walton sold 3,633,800 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 636,898,811 shares of the company’s stock, valued at approximately $42,544,840,574.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred 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 transaction, 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. Insiders sold a total of 14,525,340 shares of company stock valued at $953,023,399 in the last ninety days. Insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.9 %

WMT opened at $68.07 on Wednesday. The business has a 50 day moving average price of $64.22 and a two-hundred day moving average price of $59.53. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The company has a market cap of $547.52 billion, a PE 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 posted its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. The firm had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 EPS. As a group, research analysts anticipate that Walmart Inc. will post 2.42 EPS for the current year.

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.