Burns J W & Co. Inc. NY Buys 3,039 Shares of Walmart Inc. (NYSE:WMT)

Burns J W & Co. Inc. NY lifted its position in Walmart Inc. (NYSE:WMT) by 173.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,791 shares of the retailer’s stock after purchasing an additional 3,039 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Walmart were worth $288,000 at the end of the most recent reporting period.

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

Walmart Stock Down 0.3 %

Shares of WMT stock opened at $67.71 on Monday. The stock’s fifty day moving average price is $64.07 and its 200 day moving average price is $59.41. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $69.04. The company has a market cap 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 0.50. 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 posted its quarterly earnings data 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. The firm had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.49 earnings per share. On average, research analysts expect that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $66.80, for a total value of $242,737,840.00. Following the transaction, the insider now directly owns 636,898,811 shares of the company’s stock, valued at approximately $42,544,840,574.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, major shareholder Alice L. Walton sold 3,633,800 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $66.80, for a total value of $242,737,840.00. Following the transaction, the insider now directly owns 636,898,811 shares of the company’s stock, valued at $42,544,840,574.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $1,748,313.72. Following the sale, the chief executive officer now directly 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. Over the last ninety days, insiders sold 14,499,762 shares of company stock worth $951,294,838. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on WMT shares. Tigress Financial raised their target price on shares of Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. HSBC boosted their target price on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Stifel Nicolaus increased their price target on Walmart from $65.00 to $69.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Robert W. Baird boosted their price objective on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Finally, Morgan Stanley upped their price objective on Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $69.97.

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.