Collective Family Office LLC Purchases 3,172 Shares of Walmart Inc. (NYSE:WMT)

Collective Family Office LLC grew its position in Walmart Inc. (NYSE:WMT) by 200.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,758 shares of the retailer’s stock after acquiring an additional 3,172 shares during the quarter. Collective Family Office LLC’s holdings in Walmart were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Walmart in the 4th quarter worth approximately $3,674,652,000. BlueSpruce Investments LP purchased a new position in Walmart during the 4th quarter valued at $568,419,000. International Assets Investment Management LLC boosted its holdings in Walmart by 15,371.4% during the 4th quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock valued at $553,545,000 after acquiring an additional 3,488,530 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Walmart by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock valued at $3,190,194,000 after acquiring an additional 2,150,351 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its holdings in Walmart by 14,035.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,274,428 shares of the retailer’s stock valued at $200,914,000 after acquiring an additional 1,265,412 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $66.85, for a total value of $877,406.25. Following the transaction, the executive vice president now owns 658,665 shares in the company, valued at $44,031,755.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $60.26, for a total transaction of $180,780.00. Following the transaction, the executive vice president now 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 accessible through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $66.85, for a total value of $877,406.25. Following the transaction, the executive vice president now owns 658,665 shares in the company, valued at approximately $44,031,755.25. 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 quarter. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada increased their price target on Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Oppenheimer increased their price target on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. UBS Group increased their price target on Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. BMO Capital Markets increased their price target on Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Finally, Truist Financial upped their price objective on Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a research note on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.97.

Walmart Stock Up 0.6 %

Shares of WMT opened at $68.03 on Friday. 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 Inc. has a 12 month low of $49.85 and a 12 month high of $68.13. The stock’s 50 day moving average is $63.08 and its two-hundred day moving average is $58.58. The firm has a market cap of $547.20 billion, a P/E ratio of 29.11, a PEG ratio of 3.90 and a beta of 0.52.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. The business 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 business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share. Analysts predict that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

About Walmart

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.