Financial Partners Group LLC Buys 17,318 Shares of Walmart Inc. (NYSE:WMT)

Financial Partners Group LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 226.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,976 shares of the retailer’s stock after purchasing an additional 17,318 shares during the quarter. Financial Partners Group LLC’s holdings in Walmart were worth $1,503,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. Norges Bank acquired a new position in shares of Walmart during the fourth quarter valued at about $3,674,652,000. BlueSpruce Investments LP bought a new stake in shares of Walmart in the 4th quarter worth approximately $568,419,000. International Assets Investment Management LLC increased its position in shares of Walmart by 15,371.4% during the fourth quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock valued at $553,545,000 after purchasing an additional 3,488,530 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Walmart by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock valued at $3,190,194,000 after purchasing an additional 2,150,351 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Walmart by 207.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,279,715 shares of the retailer’s stock worth $137,170,000 after purchasing an additional 1,537,828 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $68.20, for a total value of $895,125.00. Following the sale, the executive vice president now owns 645,540 shares of the company’s stock, valued at $44,025,828. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.20, for a total value of $895,125.00. Following the completion of the sale, the executive vice president now owns 645,540 shares of the company’s stock, valued at approximately $44,025,828. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 521,613 shares in the company, valued at $30,816,896.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,499,762 shares of company stock worth $951,294,838. Corporate insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Morgan Stanley boosted their price target on Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Royal Bank of Canada boosted their target price on shares of Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. JPMorgan Chase & Co. upgraded shares of Walmart from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $66.00 to $81.00 in a research note on Monday, June 10th. Finally, Evercore ISI increased their target price on Walmart from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $70.41.

Walmart Trading Down 0.3 %

NYSE WMT opened at $67.48 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The stock’s 50-day moving average is $64.07 and its 200-day moving average is $59.41. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04. The firm has a market cap of $542.78 billion, a P/E ratio of 28.88, a P/E/G ratio of 3.91 and a beta of 0.50.

Walmart (NYSE:WMT) last announced its 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. The firm had revenue of $161.50 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business earned $0.49 EPS. Sell-side analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

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.