Physician Wealth Advisors Inc. Has $641,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

Physician Wealth Advisors Inc. boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 209.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,713 shares of the retailer’s stock after acquiring an additional 7,248 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in Walmart were worth $641,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Flynn Zito Capital Management LLC raised its holdings in Walmart by 3.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after purchasing an additional 61 shares during the last quarter. ICW Investment Advisors LLC lifted its holdings in Walmart by 0.4% in the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after buying an additional 62 shares during the period. Bill Few Associates Inc. boosted its position in Walmart by 1.1% during the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after acquiring an additional 64 shares during the last quarter. Rossmore Private Capital grew its holdings in Walmart by 0.3% during the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after acquiring an additional 65 shares during the period. Finally, Sheaff Brock Investment Advisors LLC raised its position in shares of Walmart by 0.3% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after acquiring an additional 65 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Down 0.3 %

Shares of WMT stock opened at $67.48 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The firm has a market cap of $542.78 billion, a P/E ratio of 28.88, a PEG ratio of 3.91 and a beta of 0.50. The company has a 50 day moving average of $64.07 and a 200-day 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 released 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. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same period last year, the business posted $0.49 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current year.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total value 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the 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 sale, 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 at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction 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 completion of the transaction, the chief executive officer now 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 worth $951,294,838. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on WMT. Oppenheimer raised their target price on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 20th. KeyCorp increased their target price on shares of Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. BMO Capital Markets lifted their price target on shares of Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Finally, Stifel Nicolaus increased their price objective on shares of Walmart from $65.00 to $69.00 and gave the stock a “hold” rating in a research report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $70.41.

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.