Walmart Inc. (NYSE:WMT) Shares Purchased by Register Financial Advisors LLC

Register Financial Advisors LLC boosted its position in shares of Walmart Inc. (NYSE:WMT) by 201.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 26,665 shares of the retailer’s stock after acquiring an additional 17,810 shares during the quarter. Register Financial Advisors LLC’s holdings in Walmart were worth $1,604,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Walmart during the fourth quarter valued at $3,674,652,000. BlueSpruce Investments LP acquired a new position in shares of Walmart in the 4th quarter valued at about $568,419,000. International Assets Investment Management LLC lifted its holdings in shares of Walmart by 15,371.4% in the 4th 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 during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Walmart by 11.9% in the fourth 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, Wealth Enhancement Advisory Services LLC grew its holdings in Walmart by 207.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,279,715 shares of the retailer’s stock worth $137,170,000 after acquiring an additional 1,537,828 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Roth Mkm boosted their price target on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a report on Friday, May 17th. Jefferies Financial Group increased their price target on shares of Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Barclays raised their price target on shares of Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Citigroup upped their price objective on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Raymond James raised their target price on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.97.

Walmart Stock Down 0.2 %

NYSE WMT opened at $67.74 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $69.04. The business’s fifty day simple moving average is $64.07 and its 200-day simple moving average is $59.29. The firm has a market cap of $544.87 billion, a PE ratio of 28.99, a P/E/G ratio of 3.92 and a beta of 0.52.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. Walmart’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS. As a group, equities analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current year.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on 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 sale, the chief executive officer now owns 4,018,650 shares in the company, valued at $241,239,559.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the sale, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director S Robson Walton sold 3,540,250 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $64.55, for a total transaction of $228,523,137.50. Following the completion of the transaction, the director now directly owns 648,504,011 shares in the company, valued at approximately $41,860,933,910.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,502,762 shares of company stock worth $951,475,618. Company insiders own 45.58% of the company’s stock.

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.