Weaver Consulting Group Acquires 5,960 Shares of Walmart Inc. (NYSE:WMT)

Weaver Consulting Group boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 202.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,911 shares of the retailer’s stock after purchasing an additional 5,960 shares during the quarter. Weaver Consulting Group’s holdings in Walmart were worth $536,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. AHL Investment Management Inc. lifted its position in shares of Walmart by 192.1% in the 1st 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 period. Valley Brook Capital Group Inc. increased its holdings in Walmart by 4.2% during the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after purchasing an additional 315 shares in the last quarter. Core Wealth Advisors Inc. increased its holdings in Walmart by 38.9% during 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 in the last quarter. Motco increased its holdings in 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 purchasing an additional 726 shares in the last quarter. Finally, Sovereign Financial Group Inc. boosted its position in Walmart by 204.3% in the 1st quarter. Sovereign Financial Group Inc. now owns 6,515 shares of the retailer’s stock valued at $392,000 after buying an additional 4,374 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

WMT opened at $67.71 on Friday. The business’s 50-day moving average price is $64.07 and its two-hundred day moving average price is $59.35. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $69.04. The company has a market capitalization of $544.63 billion, a price-to-earnings ratio of 28.98, a P/E/G 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 (NYSE:WMT) last released its quarterly 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. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. During the same quarter last year, the business posted $0.49 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts expect that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays increased their price objective on Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. JPMorgan Chase & Co. upgraded Walmart from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $66.00 to $81.00 in a research report on Monday, June 10th. Oppenheimer raised their price target on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Morgan Stanley raised their price target on Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Finally, Telsey Advisory Group raised their price target on Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, June 10th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.97.

Insider Buying and Selling at Walmart

In other Walmart news, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total value of $1,944,600.00. Following the sale, the director now owns 144,807 shares of the company’s stock, valued at approximately $9,386,389.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Alice L. Walton sold 1,132,123 shares of Walmart stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the completion of the sale, the director now directly owns 144,807 shares in the company, valued at approximately $9,386,389.74. The disclosure for this sale can be found here. Insiders have sold 14,502,762 shares of company stock valued at $951,475,618 in the last 90 days. 45.58% of the stock is currently owned by company insiders.

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.