Walmart Inc. (NYSE:WMT) Stake Increased by North Star Investment Management Corp.

North Star Investment Management Corp. boosted its holdings in shares of Walmart Inc. (NYSE:WMTFree Report) by 203.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,114 shares of the retailer’s stock after buying an additional 34,961 shares during the period. North Star Investment Management Corp.’s holdings in Walmart were worth $3,138,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Northwest Capital Management Inc boosted its position in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the last quarter. Partnership Wealth Management LLC acquired a new stake in shares of Walmart during the 4th quarter valued at about $30,000. Able Wealth Management LLC bought a new stake in shares of Walmart in the 4th quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC acquired a new position in Walmart in the fourth quarter worth approximately $32,000. Finally, Signature Resources Capital Management LLC bought a new position in Walmart during the fourth quarter valued at approximately $35,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on WMT. Raymond James increased their price target on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft raised their target price on Walmart from $71.00 to $77.00 and gave the company a “buy” rating in a report on Monday. Royal Bank of Canada upped their price target on Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Jefferies Financial Group increased their price objective on Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, Oppenheimer boosted their target price on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $70.47.

Check Out Our Latest Stock Analysis on WMT

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the transaction, the executive vice president now owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the sale, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total value of $177,240.00. Following the completion of the sale, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The disclosure for this sale can be found here. Insiders have sold 14,525,340 shares of company stock valued at $953,023,399 in the last three months. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

Shares of WMT traded up $1.80 during mid-day trading on Friday, reaching $70.04. The company had a trading volume of 21,574,152 shares, compared to its average volume of 17,880,369. The company’s 50-day moving average is $64.73 and its 200-day moving average is $59.77. 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 company has a market capitalization of $563.37 billion, a P/E ratio of 29.35, a P/E/G ratio of 3.93 and a beta of 0.50. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $70.05.

Walmart (NYSE:WMTGet Free Report) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same period last year, the business earned $0.49 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts anticipate that Walmart Inc. will post 2.43 EPS for the current year.

Walmart Company 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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