Future Financial Wealth Managment LLC Has $262,000 Holdings in Walmart Inc. (NYSE:WMT)

Future Financial Wealth Managment LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 200.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,350 shares of the retailer’s stock after buying an additional 2,900 shares during the period. Future Financial Wealth Managment LLC’s holdings in Walmart were worth $262,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Walmart in the 4th quarter valued at about $3,674,652,000. BlueSpruce Investments LP acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $568,419,000. International Assets Investment Management LLC raised its position in Walmart by 15,371.4% in the 4th quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock worth $553,545,000 after purchasing an additional 3,488,530 shares during the last quarter. Price T Rowe Associates Inc. MD lifted 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 worth $3,190,194,000 after buying an additional 2,150,351 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted 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 worth $200,914,000 after buying an additional 1,265,412 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on WMT shares. UBS Group boosted their target price on Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Barclays boosted 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. Jefferies Financial Group raised their target price on shares of Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Robert W. Baird boosted their price target on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Finally, HSBC increased their price objective on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.97.

Walmart Stock Performance

WMT opened at $68.30 on Thursday. The company has a market capitalization of $549.37 billion, a price-to-earnings ratio of 29.23, a P/E/G ratio of 3.89 and a beta of 0.52. The business’s 50-day moving average price is $63.56 and its two-hundred day moving average price is $59.05. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $69.04.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts expect that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Insider Buying and Selling

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’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 transaction of $877,406.25. Following the transaction, the executive vice president now owns 658,665 shares of the company’s stock, valued at approximately $44,031,755.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $60.26, for a total value of $180,780.00. Following the completion of the sale, the executive vice president now directly owns 524,613 shares in the company, valued at approximately $31,613,179.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated 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 of the company’s stock, valued at approximately $44,031,755.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,451,722 shares of company stock worth $947,990,915. Corporate insiders own 45.58% of the company’s stock.

Walmart Company 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.