Walmart Inc. (NYSE:WMT) Shares Acquired by Atwood & Palmer Inc.

Atwood & Palmer Inc. raised its stake in shares of Walmart Inc. (NYSE:WMT) by 207.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 282,369 shares of the retailer’s stock after acquiring an additional 190,500 shares during the period. Atwood & Palmer Inc.’s holdings in Walmart were worth $16,990,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in WMT. Valley Brook Capital Group Inc. grew its holdings in shares of Walmart by 4.2% in the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after purchasing an additional 315 shares in the last quarter. Core Wealth Advisors Inc. lifted its stake in Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after acquiring an additional 420 shares during the last quarter. Motco lifted its stake in Walmart by 1.3% in the fourth quarter. Motco now owns 58,301 shares of the retailer’s stock worth $9,191,000 after acquiring an additional 726 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Walmart by 24.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock worth $12,351,000 after acquiring an additional 15,448 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in Walmart in the fourth quarter worth approximately $2,340,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Performance

Shares of WMT opened at $67.91 on Friday. 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 stock has a market capitalization of $546.24 billion, a P/E ratio of 29.06, a P/E/G ratio of 3.92 and a beta of 0.52. The company’s fifty day moving average is $63.23 and its two-hundred day moving average is $58.75. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $68.55.

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

Insider Transactions at Walmart

In other news, major shareholder S Robson Walton sold 1,244,347 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the transaction, the insider now directly owns 633,518,311 shares of the company’s stock, valued at approximately $42,211,325,061.93. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the transaction, the insider now directly owns 636,898,811 shares of the company’s stock, valued at approximately $42,544,840,574.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder S Robson Walton sold 1,244,347 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the transaction, the insider now directly owns 633,518,311 shares in the company, valued at $42,211,325,061.93. The disclosure for this sale can be found here. Insiders have sold a total of 14,493,971 shares of company stock valued at $950,549,592 in the last ninety days. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WMT has been the subject of a number of recent research reports. Citigroup lifted their price target on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. The Goldman Sachs Group lifted their price target on shares of Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Truist Financial lifted their price target on shares of Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a research note on Friday, May 17th. KeyCorp lifted their price target on shares of Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Finally, DA Davidson boosted their price objective on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.97.

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.