Threadgill Financial LLC Invests $206,000 in Walmart Inc. (NYSE:WMT)

Threadgill Financial LLC bought a new position in Walmart Inc. (NYSE:WMTFree Report) during the first quarter, Holdings Channel reports. The fund bought 3,418 shares of the retailer’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WMT. V Square Quantitative Management LLC bought a new position in Walmart in the 3rd quarter worth about $209,000. Fuller & Thaler Asset Management Inc. boosted its stake in Walmart by 5.2% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 4,103 shares of the retailer’s stock worth $656,000 after purchasing an additional 204 shares in the last quarter. AlphaCore Capital LLC boosted its stake in Walmart by 0.8% in the 3rd quarter. AlphaCore Capital LLC now owns 18,459 shares of the retailer’s stock worth $2,952,000 after purchasing an additional 154 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in Walmart by 10.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 12,507 shares of the retailer’s stock worth $2,000,000 after purchasing an additional 1,140 shares in the last quarter. Finally, Personal CFO Solutions LLC boosted its stake in Walmart by 5.4% in the 3rd quarter. Personal CFO Solutions LLC now owns 5,946 shares of the retailer’s stock worth $951,000 after purchasing an additional 303 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WMT. Bank of America upped their price target on shares of Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Royal Bank of Canada upped their target price on shares of Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Robert W. Baird upped their target price on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. BMO Capital Markets upped their target price on shares of Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Finally, Oppenheimer upped their target price on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. Three equities research 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.97.

View Our Latest Research Report on Walmart

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were 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 directly owns 524,613 shares of the company’s stock, valued at approximately $31,613,179.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were 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 directly owns 524,613 shares of the company’s stock, valued at approximately $31,613,179.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder S Robson Walton sold 1,244,347 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $66.63, for a total value of $82,910,840.61. Following the transaction, the insider now owns 633,518,311 shares of the company’s stock, valued at $42,211,325,061.93. The disclosure for this sale can be found here. Insiders sold a total of 14,493,971 shares of company stock valued at $950,549,592 in the last three months. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

Walmart stock traded down $0.10 during midday trading on Friday, hitting $67.91. The stock had a trading volume of 25,674,532 shares, compared to its average volume of 18,180,113. The firm’s fifty day moving average is $63.23 and its two-hundred day moving average is $58.70. The company has a market capitalization of $546.24 billion, a PE ratio of 29.06, a P/E/G ratio of 3.90 and a beta of 0.52. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $68.55. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMTGet Free Report) last released its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $159.57 billion. During the same period in the prior year, the firm posted $0.49 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, research analysts forecast that Walmart Inc. will post 2.42 EPS for the current year.

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.

Further Reading

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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