Silverleafe Capital Partners LLC Purchases 28,458 Shares of Walmart Inc. (NYSE:WMT)

Silverleafe Capital Partners LLC boosted its position in Walmart Inc. (NYSE:WMT) by 140.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,769 shares of the retailer’s stock after purchasing an additional 28,458 shares during the quarter. Walmart makes up approximately 1.2% of Silverleafe Capital Partners LLC’s investment portfolio, making the stock its 22nd largest holding. Silverleafe Capital Partners LLC’s holdings in Walmart were worth $2,934,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in WMT. Northwest Capital Management Inc grew its stake in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares during the last quarter. Partnership Wealth Management LLC purchased a new stake in shares of Walmart during the fourth quarter worth about $30,000. Able Wealth Management LLC purchased a new stake in shares of Walmart during the fourth quarter worth about $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Walmart during the fourth quarter worth about $32,000. Finally, Signature Resources Capital Management LLC purchased a new stake in shares of Walmart during the fourth quarter worth about $35,000. 26.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WMT shares. JPMorgan Chase & Co. upgraded Walmart from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $66.00 to $81.00 in a research note on Monday, June 10th. The Goldman Sachs Group upped their target price on Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Evercore ISI upped their target price on Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Truist Financial upped their target price on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Finally, Telsey Advisory Group upped their target price on Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.97.

Walmart Stock Down 0.3 %

NYSE WMT opened at $67.71 on Friday. The business has a fifty day moving average price of $64.07 and a 200 day moving average price of $59.35. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The company has a market cap of $544.63 billion, a P/E ratio of 28.98, a P/E/G ratio of 3.91 and a beta of 0.52.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS 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 firm had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same period in the prior year, the company earned $0.49 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. Research analysts anticipate that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Insider Activity at Walmart

In other Walmart news, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the sale, the senior vice president now directly owns 94,415 shares in the company, valued at approximately $6,420,220. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the completion of the sale, the executive vice president now directly owns 521,613 shares in the company, valued at approximately $30,816,896.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,502,762 shares of company stock valued at $951,475,618. 45.58% of the stock is owned by insiders.

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.