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

Sunpointe LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 202.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,692 shares of the retailer’s stock after acquiring an additional 8,491 shares during the quarter. Walmart accounts for about 0.9% of Sunpointe LLC’s portfolio, making the stock its 28th biggest holding. Sunpointe LLC’s holdings in Walmart were worth $766,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Valley Brook Capital Group Inc. raised its holdings in Walmart by 4.2% during the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after buying an additional 315 shares during the period. Core Wealth Advisors Inc. raised its holdings in shares of Walmart by 38.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after acquiring an additional 420 shares during the period. Motco lifted its position in shares of Walmart by 1.3% in the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after acquiring an additional 726 shares in the last quarter. Tealwood Asset Management Inc. boosted its stake in Walmart by 200.0% in the 1st quarter. Tealwood Asset Management Inc. now owns 5,754 shares of the retailer’s stock worth $346,000 after purchasing an additional 3,836 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its position in Walmart by 24.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock worth $12,351,000 after purchasing an additional 15,448 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WMT shares. Robert W. Baird increased their target price on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. TD Cowen increased their price objective on Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Morgan Stanley raised their price objective on Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Royal Bank of Canada upped their target price on Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Finally, The Goldman Sachs Group boosted their price objective on shares of Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. 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 Up 1.3 %

Walmart stock opened at $68.30 on Thursday. 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 fifty-two week low of $49.85 and a fifty-two week high of $69.04. The firm has a fifty day moving average price of $63.56 and a two-hundred day moving average price of $59.05. The firm has a market cap 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.

Walmart (NYSE:WMT) last posted its quarterly earnings data 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 during 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 firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. As a group, analysts forecast that Walmart Inc. will post 2.42 earnings per share for the current year.

Insider Activity

In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the business’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 owns 636,898,811 shares of the company’s stock, valued at $42,544,840,574.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $60.26, for a total transaction of $180,780.00. Following the sale, the executive vice president now owns 524,613 shares of the company’s stock, valued at approximately $31,613,179.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $66.80, for a total value of $242,737,840.00. Following the sale, the insider now owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,451,722 shares of company stock valued at $947,990,915. 45.58% of the stock is owned by company insiders.

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.