D.B. Root & Company LLC Has $2.89 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

D.B. Root & Company LLC grew its holdings in Walmart Inc. (NYSE:WMT) by 203.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 48,072 shares of the retailer’s stock after purchasing an additional 32,223 shares during the period. Walmart makes up about 1.0% of D.B. Root & Company LLC’s portfolio, making the stock its 18th biggest position. D.B. Root & Company LLC’s holdings in Walmart were worth $2,892,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of WMT. Northwest Capital Management Inc increased 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 during the last quarter. Partnership Wealth Management LLC bought a new position in shares of Walmart in the 4th quarter valued at $30,000. Able Wealth Management LLC bought a new stake in Walmart during the 4th quarter worth $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in Walmart during the 4th quarter worth $32,000. Finally, Signature Resources Capital Management LLC bought a new stake in Walmart during the 4th quarter worth $35,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 0.3 %

WMT stock opened at $67.48 on Tuesday. The stock’s 50 day simple moving average is $64.07 and its 200 day simple 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 quick ratio of 0.23 and a current ratio of 0.80. The company has a market cap of $542.78 billion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 3.91 and a beta of 0.50.

Walmart (NYSE:WMT) last posted its quarterly earnings results 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. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. During the same period in the prior year, the business earned $0.49 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, research analysts expect that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the sale, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP David Chojnowski sold 8,791 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the sale, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the sale, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at $270,851,892.78. The disclosure for this sale can be found here. In 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.

Analysts Set New Price Targets

WMT has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded Walmart from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $66.00 to $81.00 in a research report on Monday, June 10th. UBS Group boosted their price objective on Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. DA Davidson boosted their price objective on Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. BMO Capital Markets boosted their price objective on Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Walmart from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.41.

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.