Aletheian Wealth Advisors LLC Acquires New Holdings in Walmart Inc. (NYSE:WMT)

Aletheian Wealth Advisors LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,773 shares of the retailer’s stock, valued at approximately $227,000.

Other institutional investors also recently bought and sold shares of the company. Northwest Capital Management Inc increased its holdings 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 buying an additional 293 shares during the period. Partnership Wealth Management LLC purchased a new position in Walmart during the fourth quarter valued at approximately $30,000. Able Wealth Management LLC purchased a new position in Walmart during the fourth quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in Walmart during the fourth quarter valued at approximately $32,000. Finally, Signature Resources Capital Management LLC purchased a new position in Walmart in the fourth quarter worth $35,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on WMT shares. JPMorgan Chase & Co. raised shares of Walmart from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $66.00 to $81.00 in a report on Monday, June 10th. Bank of America lifted their price target on shares of Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. DA Davidson lifted their price target on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Stifel Nicolaus lifted their price target on shares of Walmart from $65.00 to $69.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Finally, Raymond James lifted their price target on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.97.

Walmart Trading Up 1.3 %

Shares of Walmart stock opened at $68.30 on Thursday. The firm has a 50-day simple moving average of $63.56 and a two-hundred day simple moving average of $59.05. The company has a market cap of $549.37 billion, a P/E ratio of 29.23, a price-to-earnings-growth ratio of 3.89 and a beta of 0.52. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $69.04. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80.

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

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the transaction, the chief executive officer now owns 4,018,650 shares in the company, valued at $241,239,559.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, major shareholder Alice L. Walton sold 3,633,800 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 636,898,811 shares of the company’s stock, valued at $42,544,840,574.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 14,451,722 shares of company stock worth $947,990,915. Company insiders own 45.58% of the company’s stock.

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.