Stephens Consulting LLC Boosts Holdings in Walmart Inc. (NYSE:WMT)

Stephens Consulting LLC lifted its stake in Walmart Inc. (NYSE:WMT) by 193.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,395 shares of the retailer’s stock after purchasing an additional 4,213 shares during the quarter. Stephens Consulting LLC’s holdings in Walmart were worth $385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. AHL Investment Management Inc. increased its holdings in Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after buying an additional 15,785 shares in the last quarter. Valley Brook Capital Group Inc. grew its stake in shares of Walmart by 4.2% during the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after purchasing an additional 315 shares during the period. Core Wealth Advisors Inc. grew its stake in shares of Walmart by 38.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after purchasing an additional 420 shares during the period. Motco grew its stake in shares of Walmart by 1.3% during the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after purchasing an additional 726 shares during the period. Finally, Sovereign Financial Group Inc. grew its stake in shares of Walmart by 204.3% during the 1st quarter. Sovereign Financial Group Inc. now owns 6,515 shares of the retailer’s stock valued at $392,000 after purchasing an additional 4,374 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $67.48 on Tuesday. The company 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. 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 business’s 50 day moving average price is $64.07 and its 200-day moving average price is $59.41. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $69.04.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. The firm had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. Sell-side analysts predict that Walmart Inc. will post 2.42 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on WMT shares. Tigress Financial boosted their price target on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. TD Cowen boosted their price target on Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft boosted their price target on Walmart from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Monday. Robert W. Baird lifted their price objective on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Finally, HSBC lifted their price objective on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned 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 an average price target of $70.41.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the transaction, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, April 25th. The stock was 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 owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $177,240.00. Following the transaction, the executive vice president now directly owns 521,613 shares in the company, valued at approximately $30,816,896.04. The disclosure for this sale can be found here. Insiders have sold 14,499,762 shares of company stock valued at $951,294,838 in the last quarter. 45.58% of the stock is owned by insiders.

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.