Atticus Wealth Management LLC Acquires 3,767 Shares of Walmart Inc. (NYSE:WMT)

Atticus Wealth Management LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 148.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,300 shares of the retailer’s stock after buying an additional 3,767 shares during the period. Atticus Wealth Management LLC’s holdings in Walmart were worth $379,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Northwest Capital Management Inc increased its stake in Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares in the last quarter. Partnership Wealth Management LLC bought a new stake in Walmart in the fourth quarter valued at approximately $30,000. Able Wealth Management LLC acquired a new position in shares of Walmart in the fourth quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Walmart in the fourth quarter valued at approximately $32,000. Finally, Signature Resources Capital Management LLC acquired a new position in shares of Walmart in the fourth quarter valued at approximately $35,000. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WMT. BMO Capital Markets upped their price target on shares of Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, May 17th. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Monday, May 20th. Royal Bank of Canada upped their price target on shares of Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Robert W. Baird upped their price target on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Finally, HSBC upped their price target on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Three investment 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $69.97.

Walmart Price Performance

Shares of WMT opened at $67.71 on Monday. The firm has a market capitalization of $544.63 billion, a PE ratio of 28.98, a PEG ratio of 3.91 and a beta of 0.50. The company’s 50-day moving average is $64.07 and its 200-day moving average is $59.41. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $69.04. 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 EPS 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 business had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same period last year, the firm earned $0.49 earnings per share. Walmart’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts forecast that Walmart Inc. will post 2.42 EPS for the current year.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the transaction, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the transaction, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $68.20, for a total transaction of $895,125.00. Following the transaction, the executive vice president now directly owns 645,540 shares in the company, valued at $44,025,828. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,499,762 shares of company stock valued at $951,294,838. 45.58% of the stock is owned by company insiders.

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.