Walmart Inc. (NYSE:WMT) Shares Bought by Narus Financial Partners LLC

Narus Financial Partners LLC raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 197.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,481,111 shares of the retailer’s stock after buying an additional 983,762 shares during the quarter. Walmart comprises 38.0% of Narus Financial Partners LLC’s investment portfolio, making the stock its largest holding. Narus Financial Partners LLC’s holdings in Walmart were worth $89,118,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. AHL Investment Management Inc. increased its position in shares of Walmart by 192.1% during the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after purchasing an additional 15,785 shares during the period. Valley Brook Capital Group Inc. increased its position in shares of Walmart by 4.2% during the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after purchasing an additional 315 shares during the period. Core Wealth Advisors Inc. increased its position in shares of Walmart by 38.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after purchasing an additional 420 shares during the period. Motco increased its position in shares of Walmart by 1.3% during the fourth quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after purchasing an additional 726 shares during the period. Finally, Sovereign Financial Group Inc. grew its position in Walmart by 204.3% in the first quarter. Sovereign Financial Group Inc. now owns 6,515 shares of the retailer’s stock valued at $392,000 after acquiring an additional 4,374 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Up 0.2 %

NYSE WMT opened at $68.24 on Thursday. The firm has a market cap of $548.89 billion, a P/E ratio of 29.20, a P/E/G 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. The stock’s 50-day moving average is $64.40 and its 200-day moving average is $59.65. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $161.50 billion for 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%. Walmart’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 earnings per share. Sell-side analysts anticipate that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of analyst reports. Telsey Advisory Group upped their price target on Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. Evercore ISI upped their price target on Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. DA Davidson upped their price target on Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. The Goldman Sachs Group upped their price target on Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, TD Cowen increased their target price on Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.47.

Insider Transactions at Walmart

In other news, Director Timothy Patrick Flynn sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the sale, the director now owns 144,807 shares of the company’s stock, valued at $9,386,389.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Timothy Patrick Flynn sold 30,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the completion of the transaction, the director now directly owns 144,807 shares in the company, valued at $9,386,389.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 25,578 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $67.58, for a total value of $1,728,561.24. Following the transaction, the executive vice president now owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The disclosure for this sale can be found here. Insiders have sold a total of 14,525,340 shares of company stock valued at $953,023,399 over the last 90 days. 45.58% of the stock is owned by company insiders.

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.