MCF Advisors LLC Purchases 11,407 Shares of Walmart Inc. (NYSE:WMT)

MCF Advisors LLC raised its position in Walmart Inc. (NYSE:WMT) by 188.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,470 shares of the retailer’s stock after purchasing an additional 11,407 shares during the quarter. MCF Advisors LLC’s holdings in Walmart were worth $1,054,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of WMT. Flynn Zito Capital Management LLC raised its position in shares of Walmart by 3.9% during the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after acquiring an additional 61 shares during the last quarter. ICW Investment Advisors LLC raised its position in shares of Walmart by 0.4% during the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after acquiring an additional 62 shares during the last quarter. Bill Few Associates Inc. raised its position in shares of Walmart by 1.1% during the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after acquiring an additional 64 shares during the last quarter. Rossmore Private Capital increased its holdings in Walmart by 0.3% in the fourth quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after purchasing an additional 65 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its holdings in Walmart by 0.3% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after purchasing an additional 65 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Shares of Walmart stock opened at $67.71 on Friday. The business’s fifty day simple moving average is $64.07 and its 200 day simple moving average is $59.35. The firm has a market capitalization of $544.63 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 3.91 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 current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

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

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction 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 directly owns 524,613 shares in the company, valued at $31,613,179.38. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction 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 directly owns 524,613 shares in the company, valued at $31,613,179.38. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the sale, the insider now owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The disclosure for this sale can be found here. Insiders have sold a total of 14,502,762 shares of company stock worth $951,475,618 over the last ninety days. 45.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WMT shares. DA Davidson lifted their target price on Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Roth Mkm lifted their target price on Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Stifel Nicolaus lifted their target price on Walmart from $65.00 to $69.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Truist Financial lifted their target price on Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Finally, KeyCorp lifted their target price on Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.