Avondale Wealth Management Boosts Position in Walmart Inc. (NYSE:WMT)

Avondale Wealth Management boosted its holdings in Walmart Inc. (NYSE:WMTFree Report) by 205.7% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 10,700 shares of the retailer’s stock after buying an additional 7,200 shares during the period. Walmart makes up about 0.5% of Avondale Wealth Management’s investment portfolio, making the stock its 23rd largest position. Avondale Wealth Management’s holdings in Walmart were worth $644,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Heartwood Wealth Advisors LLC raised its holdings in Walmart by 167.5% in the first quarter. Heartwood Wealth Advisors LLC now owns 4,104 shares of the retailer’s stock valued at $247,000 after buying an additional 2,570 shares during the period. ST Germain D J Co. Inc. raised its stake in shares of Walmart by 203.1% during the first quarter. ST Germain D J Co. Inc. now owns 182,135 shares of the retailer’s stock valued at $10,959,000 after purchasing an additional 122,043 shares during the period. Symmetry Partners LLC raised its stake in shares of Walmart by 178.7% during the first quarter. Symmetry Partners LLC now owns 95,856 shares of the retailer’s stock valued at $5,768,000 after purchasing an additional 61,456 shares during the period. M&R Capital Management Inc. raised its stake in shares of Walmart by 187.9% during the first quarter. M&R Capital Management Inc. now owns 6,712 shares of the retailer’s stock valued at $404,000 after purchasing an additional 4,381 shares during the period. Finally, Modus Advisors LLC raised its stake in shares of Walmart by 195.5% during the first quarter. Modus Advisors LLC now owns 8,358 shares of the retailer’s stock valued at $503,000 after purchasing an additional 5,530 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $67.60 on Wednesday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $67.87. The company has a market cap of $543.74 billion, a price-to-earnings ratio of 28.93, a price-to-earnings-growth ratio of 3.89 and a beta of 0.52. 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 firm has a fifty day moving average of $62.78 and a 200-day moving average of $58.45.

Walmart (NYSE:WMTGet Free Report) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating 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 business had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. As a group, equities analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current year.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $60.26, for a total transaction of $180,780.00. Following the sale, the executive vice president now directly owns 524,613 shares in the company, valued at $31,613,179.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 3,633,800 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $66.80, for a total value of $242,737,840.00. Following the sale, the insider now directly owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $60.26, for a total transaction of $180,780.00. Following the completion of the sale, the executive vice president now owns 524,613 shares in the company, valued at $31,613,179.38. The disclosure for this sale can be found here. Insiders have sold a total of 14,493,971 shares of company stock worth $950,549,592 over the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WMT. Citigroup lifted their price objective on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Morgan Stanley lifted their price objective on shares of Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Bank of America lifted their price objective on shares of Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. JPMorgan Chase & Co. upgraded shares of Walmart from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $66.00 to $81.00 in a research note on Monday, June 10th. Finally, Roth Mkm lifted their price target on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.94.

Check Out Our Latest Research Report on WMT

Walmart Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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