Moisand Fitzgerald Tamayo LLC Raises Stake in Walmart Inc. (NYSE:WMT)

Moisand Fitzgerald Tamayo LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 186.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,119 shares of the retailer’s stock after purchasing an additional 2,683 shares during the quarter. Moisand Fitzgerald Tamayo LLC’s holdings in Walmart were worth $248,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in WMT. Reliant Investment Management LLC increased its position in Walmart by 200.0% in the 1st quarter. Reliant Investment Management LLC now owns 4,101 shares of the retailer’s stock valued at $247,000 after acquiring an additional 2,734 shares during the period. Hodges Capital Management Inc. grew its position in Walmart by 164.1% in the 1st quarter. Hodges Capital Management Inc. now owns 119,598 shares of the retailer’s stock valued at $7,196,000 after buying an additional 74,318 shares during the last quarter. Weaver Consulting Group increased its stake in Walmart by 202.0% in the 1st quarter. Weaver Consulting Group now owns 8,911 shares of the retailer’s stock valued at $536,000 after buying an additional 5,960 shares during the period. Occidental Asset Management LLC lifted its stake in shares of Walmart by 225.1% in the 1st quarter. Occidental Asset Management LLC now owns 59,922 shares of the retailer’s stock worth $3,606,000 after acquiring an additional 41,492 shares during the period. Finally, Avity Investment Management Inc. boosted its holdings in shares of Walmart by 200.0% in the first quarter. Avity Investment Management Inc. now owns 7,818 shares of the retailer’s stock valued at $470,000 after acquiring an additional 5,212 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price objective on shares of Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Citigroup increased their price objective on Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. HSBC boosted their target price on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Barclays raised their price objective on shares of Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Finally, Stifel Nicolaus upped their target price on shares of Walmart from $65.00 to $69.00 and gave the stock 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.97.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the transaction, the chief executive officer now owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director S Robson Walton sold 3,540,250 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $64.55, for a total value of $228,523,137.50. Following the transaction, the director now directly owns 648,504,011 shares of the company’s stock, valued at approximately $41,860,933,910.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 sale, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,502,762 shares of company stock worth $951,475,618. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of WMT opened at $67.71 on Friday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $69.04. The company’s 50 day simple moving average is $64.07 and its 200 day simple moving average is $59.35. The company has a market capitalization of $544.63 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.91 and a beta of 0.52. 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 for the quarter, beating the consensus estimate of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same period in the previous year, the firm posted $0.49 EPS. Walmart’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts predict that Walmart Inc. will post 2.42 EPS for the current year.

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.