Oak Thistle LLC Invests $241,000 in Walmart Inc. (NYSE:WMT)

Oak Thistle LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,001 shares of the retailer’s stock, valued at approximately $241,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of WMT. Norges Bank acquired a new position in Walmart in the 4th quarter worth $3,674,652,000. BlueSpruce Investments LP acquired a new position in shares of Walmart in the fourth quarter worth about $568,419,000. International Assets Investment Management LLC boosted its holdings in Walmart by 15,371.4% in the fourth quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock valued at $553,545,000 after purchasing an additional 3,488,530 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Walmart by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock valued at $3,190,194,000 after purchasing an additional 2,150,351 shares in the last quarter. Finally, Hexagon Capital Partners LLC increased its holdings in Walmart by 209.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,341,674 shares of the retailer’s stock worth $140,899,000 after purchasing an additional 1,585,056 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on WMT. Roth Mkm raised their price target on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Oppenheimer raised their price objective on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. HSBC upped their target price on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Robert W. Baird lifted their price target on Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Finally, Stifel Nicolaus upped their price objective on Walmart from $69.00 to $71.00 and gave the company a “hold” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $70.47.

Insider Activity

In related news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder Alice L. Walton sold 1,132,123 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the completion of the transaction, the insider now owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares in the company, valued at $6,420,220. The disclosure for this sale can be found here. Insiders sold 14,525,340 shares of company stock worth $953,023,399 over the last three months. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.2 %

Shares of WMT stock opened at $68.24 on Thursday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $69.04. The firm has a market capitalization of $548.89 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 3.92 and a beta of 0.50. The stock has a fifty day moving average of $64.40 and a two-hundred day moving average of $59.65. 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 posted 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 during the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.49 earnings per share. As a group, research analysts expect that Walmart Inc. will post 2.43 EPS for the current year.

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.