Fifth Third Wealth Advisors LLC Acquires 31,403 Shares of Walmart Inc. (NYSE:WMT)

Fifth Third Wealth Advisors LLC boosted its holdings in Walmart Inc. (NYSE:WMT) by 232.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,937 shares of the retailer’s stock after buying an additional 31,403 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Walmart were worth $2,704,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in WMT. Northwest Capital Management Inc increased its position in Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares during the period. Partnership Wealth Management LLC acquired a new stake in shares of Walmart during the 4th quarter worth approximately $30,000. Able Wealth Management LLC acquired a new stake in shares of Walmart during the 4th quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Walmart during the 4th quarter worth approximately $32,000. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of Walmart during the 4th quarter worth approximately $35,000. 26.76% of the stock is owned by institutional investors.

Walmart Trading Down 0.2 %

NYSE WMT opened at $67.74 on Friday. The stock has a 50-day simple moving average of $64.07 and a 200 day simple moving average of $59.29. The company has a market capitalization of $544.87 billion, a PE ratio of 28.99, a P/E/G ratio of 3.92 and a beta of 0.52. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $69.04.

Walmart (NYSE:WMT) last released 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 business 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 firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 earnings per share. Research analysts forecast that Walmart Inc. will post 2.42 EPS for the current year.

Wall Street Analyst Weigh In

WMT has been the topic of several recent research reports. TD Cowen lifted their price objective on Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. JPMorgan Chase & Co. raised Walmart from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $66.00 to $81.00 in a report on Monday, June 10th. Tigress Financial lifted their price objective on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Oppenheimer lifted their price objective on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Finally, UBS Group boosted their price target on Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.97.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $68.39, for a total value of $1,991,790.36. Following the completion of the transaction, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $68.20, for a total value of $895,125.00. Following the completion of the transaction, the executive vice president now directly owns 645,540 shares of the company’s stock, valued at $44,025,828. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the completion of the transaction, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,502,762 shares of company stock valued at $951,475,618. Company insiders own 45.58% of the company’s stock.

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.