Toth Financial Advisory Corp Increases Stock Position in Walmart Inc. (NYSE:WMT)

Toth Financial Advisory Corp boosted its position in Walmart Inc. (NYSE:WMT) by 201.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 147,449 shares of the retailer’s stock after purchasing an additional 98,500 shares during the period. Walmart comprises 1.1% of Toth Financial Advisory Corp’s investment portfolio, making the stock its 29th biggest position. Toth Financial Advisory Corp’s holdings in Walmart were worth $8,872,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Walmart by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock worth $21,944,764,000 after purchasing an additional 751,713 shares during the last quarter. Morgan Stanley increased its position in Walmart by 1.8% in the third quarter. Morgan Stanley now owns 24,087,268 shares of the retailer’s stock worth $3,852,277,000 after buying an additional 426,388 shares during the last quarter. Norges Bank bought a new stake in shares of Walmart in the fourth quarter valued at $3,674,652,000. Price T Rowe Associates Inc. MD raised 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 valued at $3,190,194,000 after buying an additional 2,150,351 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Walmart by 0.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,011,647 shares of the retailer’s stock worth $2,081,120,000 after acquiring an additional 78,981 shares during the period. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. raised Walmart from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $66.00 to $81.00 in a report on Monday, June 10th. KeyCorp upped their price target on shares of Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Roth Mkm lifted their price objective on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Tigress Financial upped their target price on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, TD Cowen lifted their price target on Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.97.

Insiders Place Their Bets

In other Walmart news, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the transaction, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the sale, the insider now owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David Chojnowski sold 8,791 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the transaction, the senior vice president now directly owns 94,415 shares in the company, valued at approximately $6,420,220. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,502,762 shares of company stock valued at $951,475,618. Insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.3 %

Shares of NYSE WMT opened at $67.71 on Friday. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $69.04. The stock’s fifty day simple moving average is $64.07 and its two-hundred day simple moving average is $59.35. The stock has a market capitalization of $544.63 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 3.91 and a beta of 0.52. 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 posted its 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 company 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%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 earnings per share. As a group, analysts expect that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Walmart 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.