Walmart Inc. (NYSE:WMT) Shares Bought by Colton Groome Financial Advisors LLC

Colton Groome Financial Advisors LLC grew its position in Walmart Inc. (NYSE:WMT) by 200.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,204 shares of the retailer’s stock after acquiring an additional 13,470 shares during the quarter. Colton Groome Financial Advisors LLC’s holdings in Walmart were worth $1,216,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in WMT. Flynn Zito Capital Management LLC lifted its holdings in Walmart by 3.9% in the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after purchasing an additional 61 shares during the period. ICW Investment Advisors LLC raised its position in shares of Walmart by 0.4% during the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after buying an additional 62 shares in the last quarter. Bill Few Associates Inc. lifted its stake in shares of Walmart by 1.1% in the 4th quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after acquiring an additional 64 shares during the period. Rossmore Private Capital boosted its holdings in shares of Walmart by 0.3% in the fourth quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock valued at $3,232,000 after acquiring an additional 65 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its stake in shares of Walmart by 0.3% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock valued at $3,370,000 after acquiring an additional 65 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Alice L. Walton sold 1,132,123 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the transaction, the insider now owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Walmart news, major shareholder Alice L. Walton sold 1,250,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $66.11, for a total transaction of $82,637,500.00. Following the transaction, the insider now directly owns 640,532,611 shares in the company, valued at $42,345,610,913.21. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the sale, the insider now owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The disclosure for this sale can be found here. Insiders sold a total of 14,525,340 shares of company stock worth $953,023,399 in the last three months. 45.58% of the stock is owned by insiders.

Walmart Price Performance

NYSE WMT opened at $68.24 on Thursday. The company has a 50 day simple moving average of $64.40 and a 200-day simple moving average of $59.65. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $69.04. The firm has a market capitalization of $548.89 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 3.92 and a beta of 0.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last released its earnings results 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 quarter in the prior year, the firm earned $0.49 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Equities research analysts predict that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Tigress Financial increased their price target on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Deutsche Bank Aktiengesellschaft raised their target price on Walmart from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Monday. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 20th. Bank of America raised their price objective on shares of Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, Morgan Stanley boosted their target price on shares of Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $70.47.

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.