Walmart Inc. (NYSE:WMT) Shares Bought by New England Research & Management Inc.

New England Research & Management Inc. boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 160.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,923 shares of the retailer’s stock after buying an additional 4,882 shares during the quarter. New England Research & Management Inc.’s holdings in Walmart were worth $477,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in WMT. Northwest Capital Management Inc lifted its holdings in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares in the last quarter. Partnership Wealth Management LLC acquired a new stake in shares of Walmart in the 4th quarter valued at $30,000. Able Wealth Management LLC acquired a new stake in shares of Walmart in the 4th quarter valued at $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Walmart in the 4th quarter valued at $32,000. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of Walmart in the 4th quarter valued at $35,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Down 0.3 %

Shares of NYSE WMT opened at $67.71 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $69.04. The firm has a 50-day moving average price of $64.07 and a 200 day moving average price of $59.35. The stock has a market capitalization of $544.63 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 3.91 and a beta of 0.52.

Walmart (NYSE:WMT) last announced 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 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 last year, the business earned $0.49 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Analyst Ratings Changes

WMT has been the topic of a number of analyst reports. 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 report on Thursday, June 20th. Stifel Nicolaus raised their price objective on shares of Walmart from $65.00 to $69.00 and gave the company a “hold” rating in a report on Friday, May 17th. Roth Mkm raised their price objective on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a report on Friday, May 17th. Oppenheimer lifted their price target on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Finally, HSBC lifted their price target on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average price target of $69.97.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $60.26, for a total value of $180,780.00. Following the completion of the sale, the executive vice president now owns 524,613 shares in the company, valued at $31,613,179.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $60.26, for a total transaction of $180,780.00. Following the completion of the transaction, the executive vice president now owns 524,613 shares in the company, valued at $31,613,179.38. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the transaction, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The disclosure for this sale can be found here. Insiders sold 14,502,762 shares of company stock worth $951,475,618 over the last 90 days. Company insiders own 45.58% of the company’s stock.

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.