Foguth Wealth Management LLC. Takes Position in Walmart Inc. (NYSE:WMT)

Foguth Wealth Management LLC. acquired a new stake in shares of Walmart Inc. (NYSE:WMT) during the first quarter, according to its most recent filing with the SEC. The fund acquired 8,645 shares of the retailer’s stock, valued at approximately $520,000.

A number of other institutional investors have also 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 purchasing an additional 293 shares in the last quarter. Partnership Wealth Management LLC purchased a new stake in Walmart during the 4th quarter worth about $30,000. Able Wealth Management LLC purchased a new stake in Walmart during the 4th quarter worth about $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Walmart in the 4th quarter valued at about $32,000. Finally, Signature Resources Capital Management LLC purchased a new stake in shares of Walmart in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of WMT stock opened at $67.71 on Monday. The firm has a market cap of $544.63 billion, a P/E ratio of 28.98, a P/E/G ratio of 3.91 and a beta of 0.50. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $69.04. The business’s 50 day moving average price is $64.07 and its 200-day moving average price is $59.41. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $0.49 EPS. On average, equities research analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current year.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of Walmart 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 in the company, valued at $30,816,896.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of Walmart 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 in the company, valued at $30,816,896.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 3,633,800 shares of Walmart stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $66.80, for a total value of $242,737,840.00. Following the sale, the insider now owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,499,762 shares of company stock worth $951,294,838. 45.58% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on WMT shares. UBS Group raised their price target on Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. HSBC raised their price target on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. JPMorgan Chase & Co. raised Walmart from a “neutral” rating to an “overweight” rating and raised their price target for the company from $66.00 to $81.00 in a report on Monday, June 10th. Barclays raised their price target on Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Finally, Oppenheimer raised their price target on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.97.

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.