Walmart Inc. (NYSE:WMT) Shares Purchased by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC boosted its holdings in Walmart Inc. (NYSE:WMT) by 211.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,281 shares of the retailer’s stock after buying an additional 30,741 shares during the period. Trifecta Capital Advisors LLC’s holdings in Walmart were worth $2,725,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. AHL Investment Management Inc. boosted its position in shares of Walmart by 192.1% in the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after acquiring an additional 15,785 shares during the last quarter. Valley Brook Capital Group Inc. raised its stake in Walmart by 4.2% during the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after purchasing an additional 315 shares during the period. Core Wealth Advisors Inc. boosted its holdings in shares of Walmart by 38.9% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after purchasing an additional 420 shares during the last quarter. Motco grew its stake in shares of Walmart by 1.3% during the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after buying an additional 726 shares during the period. Finally, Sovereign Financial Group Inc. increased its holdings in shares of Walmart by 204.3% during the 1st quarter. Sovereign Financial Group Inc. now owns 6,515 shares of the retailer’s stock worth $392,000 after buying an additional 4,374 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of a number of research reports. DA Davidson boosted their price target on Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. TD Cowen boosted their target price on Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. BMO Capital Markets increased their target price on shares of Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Truist Financial lifted their price target on shares of Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Finally, JPMorgan Chase & Co. raised shares of Walmart from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $66.00 to $81.00 in a research report on Monday, June 10th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.97.

Walmart Trading Down 0.3 %

NYSE WMT opened at $67.71 on Friday. The company 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. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $69.04. The company’s fifty day moving average price is $64.07 and its two-hundred day moving average price is $59.35.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 earnings per share. As a group, research analysts predict that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the sale, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the sale, the executive vice president now owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,502,762 shares of company stock worth $951,475,618. 45.58% of the stock is currently owned by corporate 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.