Mayfair Advisory Group LLC Has $623,000 Stock Position in Walmart Inc. (NYSE:WMT)

Mayfair Advisory Group LLC grew its holdings in Walmart Inc. (NYSE:WMT) by 207.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,351 shares of the retailer’s stock after acquiring an additional 6,982 shares during the quarter. Mayfair Advisory Group LLC’s holdings in Walmart were worth $623,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwest Capital Management Inc grew its position in shares of 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 bought a new stake in shares of Walmart in the fourth quarter valued at approximately $30,000. Able Wealth Management LLC acquired a new stake in Walmart during the fourth quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC bought a new position in Walmart during the 4th quarter worth $32,000. Finally, Signature Resources Capital Management LLC acquired a new position in Walmart in the 4th quarter valued at $35,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In other news, major shareholder Alice L. Walton sold 1,132,123 shares of Walmart stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the transaction, the insider now directly owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were 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 owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the transaction, the insider now owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,499,762 shares of company stock valued at $951,294,838. 45.58% of the stock is currently owned by insiders.

Walmart Trading Down 0.3 %

Shares of WMT stock opened at $67.48 on Tuesday. The stock has a 50-day moving average of $64.07 and a 200-day moving average of $59.41. 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 stock has a market cap 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 1-year low of $49.85 and a 1-year high of $69.04.

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

Analyst Ratings Changes

A number of brokerages recently commented on WMT. BMO Capital Markets raised their price target on Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Tigress Financial raised their target price on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Raymond James upped 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. Barclays lifted their price objective on shares of Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Walmart from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average 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.