Walmart Inc. (NYSE:WMT) Shares Acquired by CIC Wealth LLC

CIC Wealth LLC boosted its position in shares of Walmart Inc. (NYSE:WMT) by 202.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,405 shares of the retailer’s stock after purchasing an additional 38,428 shares during the period. Walmart makes up 1.0% of CIC Wealth LLC’s portfolio, making the stock its 25th biggest position. CIC Wealth LLC’s holdings in Walmart were worth $3,454,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Walmart during the 4th quarter worth $3,674,652,000. BlueSpruce Investments LP bought a new stake in Walmart in the fourth quarter valued at about $568,419,000. International Assets Investment Management LLC raised its stake in Walmart by 15,371.4% during the fourth quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock valued at $553,545,000 after buying an additional 3,488,530 shares in 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 during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its position in shares of Walmart by 14,035.2% in 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 acquiring an additional 1,265,412 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, 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 transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Alice L. Walton sold 3,633,800 shares of Walmart stock in a transaction on Monday, June 10th. The stock was 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 in the company, valued at $42,544,840,574.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the 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 completion of the sale, the executive vice president now directly owns 658,665 shares of the company’s stock, valued at $44,031,755.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,451,722 shares of company stock valued at $947,990,915. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Down 0.6 %

WMT stock opened at $67.88 on Friday. The firm has a market cap of $546.00 billion, a PE ratio of 29.05, a P/E/G ratio of 3.94 and a beta of 0.52. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $69.04. 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 50 day simple moving average of $63.74 and a 200 day simple moving average of $59.11.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WMT shares. DA Davidson raised their price objective on Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Telsey Advisory Group boosted their price objective on shares of Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. The Goldman Sachs Group increased their price objective on shares of Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Roth Mkm upped their target price on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Robert W. Baird raised their price target on Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a report 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.97.

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.