Ironwood Financial llc Purchases 6,317 Shares of Walmart Inc. (NYSE:WMT)

Ironwood Financial llc lifted its holdings in Walmart Inc. (NYSE:WMT) by 200.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,466 shares of the retailer’s stock after purchasing an additional 6,317 shares during the period. Ironwood Financial llc’s holdings in Walmart were worth $570,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Walmart by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock worth $21,944,764,000 after purchasing an additional 751,713 shares during the last quarter. Morgan Stanley lifted its stake in shares of Walmart by 1.8% in the third quarter. Morgan Stanley now owns 24,087,268 shares of the retailer’s stock valued at $3,852,277,000 after buying an additional 426,388 shares during the period. Norges Bank acquired a new stake in Walmart during the fourth quarter worth about $3,674,652,000. Price T Rowe Associates Inc. MD increased its stake in Walmart by 11.9% during 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 acquiring an additional 2,150,351 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in Walmart by 4.8% in the 4th quarter. Fisher Asset Management LLC now owns 9,550,281 shares of the retailer’s stock valued at $1,505,602,000 after acquiring an additional 435,253 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock opened at $67.48 on Tuesday. The firm has a fifty day moving average of $64.07 and a two-hundred day moving average of $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. The stock has a market capitalization of $542.78 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 3.91 and a beta of 0.50. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $69.04.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) 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 analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.49 earnings per share. As a group, equities research analysts predict that Walmart Inc. will post 2.42 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on WMT shares. Roth Mkm lifted their price objective on Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, May 17th. The Goldman Sachs Group lifted their price target on shares of Walmart from $64.33 to $73.00 and gave the stock a “buy” 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 increased their price objective for the company from $66.00 to $81.00 in a research note on Monday, June 10th. Stifel Nicolaus lifted their target price on shares of Walmart from $65.00 to $69.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Finally, Tigress Financial upped their target price on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.41.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on 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 directly owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on 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 approximately $241,239,559.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value 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. Over the last 90 days, insiders sold 14,499,762 shares of company stock valued at $951,294,838. Corporate insiders own 45.58% of the company’s stock.

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.