Walmart Inc. (NYSE:WMT) Shares Acquired by Reliant Investment Management LLC

Reliant Investment Management LLC lifted its stake in Walmart Inc. (NYSE:WMT) by 200.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,101 shares of the retailer’s stock after acquiring an additional 2,734 shares during the quarter. Reliant Investment Management LLC’s holdings in Walmart were worth $247,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in WMT. Northwest Capital Management Inc lifted its stake in 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 purchasing an additional 293 shares in the last quarter. Partnership Wealth Management LLC acquired a new position in Walmart during the 4th quarter worth about $30,000. Able Wealth Management LLC acquired a new position in Walmart during the 4th quarter worth about $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in Walmart during the 4th quarter valued at about $32,000. Finally, Signature Resources Capital Management LLC acquired a new position in Walmart in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 524,613 shares in the company, valued at approximately $31,613,179.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the sale, the chief executive officer now owns 4,018,650 shares in the company, valued at $241,239,559.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 524,613 shares in the company, valued at approximately $31,613,179.38. The disclosure for this sale can be found here. Insiders have sold 14,502,762 shares of company stock worth $951,475,618 in the last quarter. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WMT. Evercore ISI raised their price objective on shares of Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Morgan Stanley boosted their price target on shares of Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. BMO Capital Markets increased their price objective on Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. The Goldman Sachs Group boosted their target price on Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, Stifel Nicolaus increased their price target on Walmart from $65.00 to $69.00 and gave the company a “hold” 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. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $69.97.

Walmart Price Performance

WMT stock opened at $67.71 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $544.63 billion, a P/E ratio of 28.98, a PEG ratio of 3.91 and a beta of 0.52. The business has a 50 day simple moving average of $64.07 and a 200-day simple moving average of $59.35. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $69.04.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same quarter in the prior year, the business earned $0.49 EPS. Walmart’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts anticipate 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.