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

Sendero Wealth Management LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 234.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,356 shares of the retailer’s stock after acquiring an additional 3,053 shares during the quarter. Sendero Wealth Management LLC’s holdings in Walmart were worth $262,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. LongView Wealth Management increased its holdings in shares of Walmart by 206.8% in the first quarter. LongView Wealth Management now owns 15,482 shares of the retailer’s stock valued at $932,000 after purchasing an additional 10,436 shares during the last quarter. Register Financial Advisors LLC increased its holdings in shares of Walmart by 201.1% in the first quarter. Register Financial Advisors LLC now owns 26,665 shares of the retailer’s stock valued at $1,604,000 after purchasing an additional 17,810 shares during the last quarter. Capital Asset Advisory Services LLC increased its holdings in shares of Walmart by 204.1% in the first quarter. Capital Asset Advisory Services LLC now owns 74,221 shares of the retailer’s stock valued at $4,442,000 after purchasing an additional 49,813 shares during the last quarter. Artemis Investment Management LLP increased its holdings in shares of Walmart by 201.0% in the first quarter. Artemis Investment Management LLP now owns 1,044,736 shares of the retailer’s stock valued at $62,829,000 after purchasing an additional 697,603 shares during the last quarter. Finally, Indiana Trust & Investment Management CO increased its holdings in shares of Walmart by 192.8% in the first quarter. Indiana Trust & Investment Management CO now owns 12,135 shares of the retailer’s stock valued at $730,000 after purchasing an additional 7,990 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on WMT. Morgan Stanley raised their target price on Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Robert W. Baird raised their target price on Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Raymond James raised their target price on Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Bank of America raised their target price on Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, UBS Group raised their price target on Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.97.

Walmart Stock Down 0.2 %

WMT opened at $67.74 on Friday. The stock has a market capitalization of $544.87 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04. The business’s 50-day simple moving average is $64.07 and its 200-day simple moving average is $59.29. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. The firm had revenue of $161.50 billion for 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 for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. Analysts anticipate that Walmart Inc. will post 2.42 EPS for the current year.

Insider Activity at Walmart

In other Walmart 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 value 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In other Walmart 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 value 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, April 25th. The shares were 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 approximately $241,239,559.50. The disclosure for this sale can be found here. Insiders have sold 14,502,762 shares of company stock worth $951,475,618 in the last quarter. 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.