Walmart Inc. (NYSE:WMT) Shares Purchased by Aspiriant LLC

Aspiriant LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 235.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,207 shares of the retailer’s stock after buying an additional 12,070 shares during the quarter. Aspiriant LLC’s holdings in Walmart were worth $1,035,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMT. Norges Bank bought a new stake in shares of Walmart during the 4th quarter worth about $3,674,652,000. BlueSpruce Investments LP bought a new stake in shares of Walmart during the 4th quarter worth about $568,419,000. International Assets Investment Management LLC raised its position in shares of 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 worth $553,545,000 after buying an additional 3,488,530 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of 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 raised its position in shares of 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. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Shares of WMT opened at $68.30 on Thursday. The company’s fifty day moving average is $63.56 and its 200-day moving average is $59.05. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $69.04. The firm has a market cap of $549.37 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 3.89 and a beta of 0.52. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same quarter in the prior year, the business posted $0.49 EPS. Walmart’s quarterly revenue was up 6.0% on a year-over-year basis. Equities analysts expect that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $60.26, for a total value of $180,780.00. Following the transaction, the executive vice president now directly owns 524,613 shares in the company, valued at approximately $31,613,179.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $60.26, for a total transaction of $180,780.00. Following the completion of the transaction, the executive vice president now owns 524,613 shares in the company, valued at $31,613,179.38. The disclosure for this sale can be found here. Insiders have sold a total of 14,451,722 shares of company stock worth $947,990,915 in the last 90 days. 45.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Truist Financial boosted their target price on shares of Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Roth Mkm boosted their target price on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, May 17th. UBS Group boosted their target price on shares of Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. The Goldman Sachs Group boosted their target price on shares of Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Finally, StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Monday, May 20th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.