Walmart Inc. (NYSE:WMT) Shares Purchased by Fiduciary Alliance LLC

Fiduciary Alliance LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 141.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,092 shares of the retailer’s stock after buying an additional 6,505 shares during the period. Fiduciary Alliance LLC’s holdings in Walmart were worth $666,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WMT. Northwest Capital Management Inc increased its stake in 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 buying an additional 293 shares during the period. Partnership Wealth Management LLC purchased a new stake in shares of Walmart in the 4th quarter valued at approximately $30,000. Able Wealth Management LLC purchased a new stake in shares of Walmart in the 4th quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Walmart in the 4th quarter valued at approximately $32,000. Finally, Signature Resources Capital Management LLC purchased a new stake in shares of Walmart in the 4th quarter valued at approximately $35,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

Shares of WMT stock opened at $67.48 on Tuesday. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04. 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 company has a 50 day moving average price of $64.07 and a 200 day moving average price of $59.41. The firm has a market capitalization of $542.78 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 3.91 and a beta of 0.50.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $159.57 billion. During the same quarter in the prior year, the business posted $0.49 earnings per share. Walmart’s revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts anticipate that Walmart Inc. will post 2.42 EPS for the current year.

Insider Activity

In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on 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 directly owns 521,613 shares in the company, valued at $30,816,896.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Walmart news, SVP David Chojnowski sold 8,791 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the sale, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $177,240.00. Following the sale, the executive vice president now directly 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 three months, insiders sold 14,499,762 shares of company stock worth $951,294,838. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Royal Bank of Canada increased their price objective on shares of Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Truist Financial increased their target price on shares of Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Roth Mkm increased their price target on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Raymond James increased their price target on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Finally, Robert W. Baird raised their target price on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.