Walmart Inc. (NYSE:WMT) Shares Acquired by Brookstone Capital Management

Brookstone Capital Management increased its position in shares of Walmart Inc. (NYSE:WMT) by 274.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 281,496 shares of the retailer’s stock after purchasing an additional 206,316 shares during the quarter. Brookstone Capital Management’s holdings in Walmart were worth $16,938,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMT. Northwest Capital Management Inc lifted its stake in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares during the period. Partnership Wealth Management LLC acquired a new stake in shares of Walmart in the fourth quarter worth $30,000. Able Wealth Management LLC purchased a new position in shares of Walmart during the fourth quarter worth $30,000. Vermillion & White Wealth Management Group LLC acquired a new position in Walmart during the fourth quarter valued at $32,000. Finally, Signature Resources Capital Management LLC purchased a new stake in Walmart in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent research reports. TD Cowen lifted their price objective on Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Citigroup boosted their price target on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. UBS Group raised their price objective on shares of Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Tigress Financial raised their price objective on shares of Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, Barclays boosted their target price on shares of Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.97.

Insiders Place Their Bets

In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the sale, the insider now directly owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 1,250,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $66.11, for a total value of $82,637,500.00. Following the transaction, the insider now directly owns 640,532,611 shares in the company, valued at approximately $42,345,610,913.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the sale, the insider now owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,451,722 shares of company stock valued at $947,990,915. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE:WMT opened at $68.30 on Thursday. The company has a market cap of $549.37 billion, a P/E ratio of 29.23, a P/E/G ratio of 3.89 and a beta of 0.52. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $69.04. The company’s 50-day moving average price is $63.56 and its 200-day moving average price is $59.05. 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 (NYSE:WMT) last issued its 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 business had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS. On average, sell-side analysts forecast that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

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.