Stonebridge Capital Management Inc. Boosts Stake in Walmart Inc. (NYSE:WMT)

Stonebridge Capital Management Inc. raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 200.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,500 shares of the retailer’s stock after buying an additional 5,000 shares during the quarter. Stonebridge Capital Management Inc.’s holdings in Walmart were worth $1,182,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WMT. Partnership Wealth Management LLC purchased a new position in shares of Walmart in the 4th quarter worth about $30,000. Able Wealth Management LLC purchased a new position in shares of Walmart in the 4th quarter worth about $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Walmart in the 4th quarter worth about $32,000. Signature Resources Capital Management LLC purchased a new position in shares of Walmart in the 4th quarter worth about $35,000. Finally, Tidemark LLC purchased a new position in shares of Walmart in the 4th quarter worth about $37,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barclays upped their price objective on Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Morgan Stanley upped their price objective on Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Evercore ISI boosted their target price on Walmart from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Truist Financial boosted their target price on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research note on Friday, May 17th. Finally, Telsey Advisory Group boosted their target price on Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, June 10th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and an average price target of $69.94.

Insider Buying and Selling

In other Walmart news, Director Timothy Patrick Flynn sold 30,000 shares of the stock in a transaction on 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 directly owns 144,807 shares in the company, valued at approximately $9,386,389.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Walmart news, Director Timothy Patrick Flynn sold 30,000 shares of the stock in a transaction on 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 directly owns 144,807 shares in the company, valued at approximately $9,386,389.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $60.26, for a total value of $180,780.00. Following 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 14,493,971 shares of company stock worth $950,549,592 in the last 90 days. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Walmart stock opened at $67.02 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $539.08 billion, a P/E ratio of 28.68, a PEG ratio of 3.87 and a beta of 0.51. The stock’s 50 day moving average is $62.47 and its 200 day moving average is $58.23. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $67.57.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS. On average, equities research analysts predict that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Walmart 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.