Walmart Inc. (NYSE:WMT) is Constitution Capital LLC’s 7th Largest Position

Constitution Capital LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 205.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,896 shares of the retailer’s stock after purchasing an additional 61,797 shares during the period. Walmart comprises approximately 3.1% of Constitution Capital LLC’s holdings, making the stock its 7th largest holding. Constitution Capital LLC’s holdings in Walmart were worth $5,529,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of WMT. CIC Wealth LLC raised its holdings in Walmart by 202.5% in the 1st quarter. CIC Wealth LLC now owns 57,405 shares of the retailer’s stock worth $3,454,000 after purchasing an additional 38,428 shares in the last quarter. CFM Wealth Partners LLC lifted its holdings in Walmart by 217.5% in the first quarter. CFM Wealth Partners LLC now owns 44,387 shares of the retailer’s stock worth $2,671,000 after buying an additional 30,405 shares during the period. Windsor Capital Management LLC grew its holdings in shares of Walmart by 196.1% during the 1st quarter. Windsor Capital Management LLC now owns 36,703 shares of the retailer’s stock worth $2,208,000 after acquiring an additional 24,307 shares during the period. Kingswood Wealth Advisors LLC raised its position in shares of Walmart by 223.7% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 53,407 shares of the retailer’s stock worth $3,214,000 after acquiring an additional 36,906 shares in the last quarter. Finally, Mcdonald Partners LLC lifted its stake in shares of Walmart by 200.0% in the 1st quarter. Mcdonald Partners LLC now owns 30,658 shares of the retailer’s stock valued at $1,845,000 after purchasing an additional 20,440 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

WMT opened at $67.88 on Friday. The company has a 50 day simple moving average of $63.74 and a two-hundred day simple moving average of $59.11. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The firm has a market cap of $546.00 billion, a P/E ratio of 29.05, a PEG ratio of 3.94 and a beta of 0.52. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $69.04.

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. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same quarter in the prior year, the firm posted $0.49 EPS. Walmart’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities analysts forecast that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WMT has been the subject of a number of research reports. Raymond James increased their price objective on Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Truist Financial boosted their price objective on shares of Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a research note on Friday, May 17th. TD Cowen raised their target price on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Morgan Stanley boosted their price target on Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Finally, BMO Capital Markets lifted their price objective on Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.97.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly 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 SEC, which is available at this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $31,613,179.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the sale, the chief executive officer now directly owns 4,018,650 shares in the company, valued at $241,239,559.50. The disclosure for this sale can be found here. In the last 90 days, insiders have 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.