Annapolis Financial Services LLC Buys 898 Shares of Walmart Inc. (NYSE:WMT)

Annapolis Financial Services LLC raised its position in Walmart Inc. (NYSE:WMT) by 29.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,942 shares of the retailer’s stock after buying an additional 898 shares during the quarter. Annapolis Financial Services LLC’s holdings in Walmart were worth $237,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Northwest Capital Management Inc boosted its stake 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 purchasing an additional 293 shares in the last quarter. Partnership Wealth Management LLC acquired a new stake in shares of Walmart in the 4th quarter valued at approximately $30,000. Able Wealth Management LLC acquired a new stake in Walmart during the 4th quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC bought a new position in Walmart during the 4th quarter worth approximately $32,000. Finally, Signature Resources Capital Management LLC bought a new position in Walmart during the 4th quarter worth approximately $35,000. 26.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WMT has been the subject of several analyst reports. Robert W. Baird raised their price target on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Citigroup raised their price target on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Truist Financial raised their price target on shares of Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Raymond James raised their price target on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Finally, The Goldman Sachs Group raised their price target on shares of Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.41.

Walmart Stock Performance

Shares of WMT stock opened at $67.48 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $542.78 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 3.91 and a beta of 0.50. The firm has a fifty day simple moving average of $64.07 and a two-hundred day simple moving average of $59.41. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $69.04.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion during 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 firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 earnings per share. Analysts forecast that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the sale, the chief executive officer now owns 4,018,650 shares in the company, valued at $241,239,559.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of the 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 transaction, the executive vice president now owns 521,613 shares in the company, valued at $30,816,896.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the transaction, the chief executive officer now 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. Insiders sold a total of 14,499,762 shares of company stock worth $951,294,838 over the last quarter. Insiders own 45.58% of the company’s stock.

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.