Courier Capital LLC Grows Stake in Walmart Inc. (NYSE:WMT)

Courier Capital LLC grew its position in Walmart Inc. (NYSE:WMT) by 197.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,102 shares of the retailer’s stock after purchasing an additional 58,444 shares during the quarter. Courier Capital LLC’s holdings in Walmart were worth $5,301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WMT. Northwest Capital Management Inc grew its holdings in Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the last quarter. Partnership Wealth Management LLC acquired a new stake in shares of Walmart during the fourth quarter worth $30,000. Able Wealth Management LLC acquired a new stake in shares of Walmart during the fourth quarter worth $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Walmart during the fourth quarter worth $32,000. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of Walmart during the fourth quarter worth $35,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the sale, 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 SEC, which is available through this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the sale, 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 SEC, which is available through this link. Also, EVP John D. Rainey sold 3,000 shares of the 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 in the company, valued at $31,613,179.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,502,762 shares of company stock worth $951,475,618. 45.58% of the stock is currently owned by insiders.

Walmart Stock Performance

Walmart stock opened at $67.74 on Friday. The firm has a 50 day simple moving average of $64.07 and a 200-day simple moving average of $59.29. Walmart Inc. has a 1-year low of $49.85 and a 1-year 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 stock has a market cap of $544.87 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52.

Walmart (NYSE:WMT) last issued its quarterly earnings data 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 firm had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same period in the prior year, the business posted $0.49 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts expect that Walmart Inc. will post 2.42 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on WMT. Telsey Advisory Group lifted their price objective on shares of Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, June 10th. Bank of America lifted their price objective on shares of Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Jefferies Financial Group lifted their price objective on shares of Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Tigress Financial boosted their target price on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, Truist Financial boosted their target price on shares of Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research 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 stock. According to data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.97.

Walmart 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.