Walmart Inc. (NYSE:WMT) Shares Purchased by Red Door Wealth Management LLC

Red Door Wealth Management LLC grew its position in Walmart Inc. (NYSE:WMT) by 206.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,348 shares of the retailer’s stock after purchasing an additional 79,077 shares during the period. Walmart makes up approximately 1.4% of Red Door Wealth Management LLC’s holdings, making the stock its 24th largest holding. Red Door Wealth Management LLC’s holdings in Walmart were worth $7,061,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of WMT. Norges Bank acquired a new position in shares of Walmart in the 4th quarter valued at about $3,674,652,000. BlueSpruce Investments LP acquired a new position in shares of Walmart in the 4th quarter valued at about $568,419,000. International Assets Investment Management LLC lifted its stake in shares of Walmart by 15,371.4% in the 4th quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock valued at $553,545,000 after purchasing an additional 3,488,530 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Walmart by 11.9% in the 4th 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 purchasing an additional 2,150,351 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Walmart by 207.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,279,715 shares of the retailer’s stock valued at $137,170,000 after purchasing an additional 1,537,828 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. The Goldman Sachs Group boosted their price target on Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on Walmart from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Monday. JPMorgan Chase & Co. upgraded Walmart from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $66.00 to $81.00 in a report on Monday, June 10th. UBS Group lifted their price objective on Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, Royal Bank of Canada boosted their price target on Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $70.41.

Insider Activity

In other news, EVP John D. Rainey sold 3,000 shares of the business’s 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 of the company’s stock, valued at $30,816,896.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP John D. Rainey sold 3,000 shares of the business’s 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 of the company’s stock, valued at $30,816,896.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the sale, the senior vice president now directly owns 94,415 shares in the company, valued at $6,420,220. The disclosure for this sale can be found here. Insiders sold a total of 14,499,762 shares of company stock worth $951,294,838 over the last 90 days. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Down 0.3 %

Shares of Walmart 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 price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 3.91 and a beta of 0.50. The business has a fifty day simple moving average of $64.07 and a 200-day simple moving average of $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 announced its quarterly earnings data 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 business had revenue of $161.50 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. On average, equities analysts forecast that Walmart Inc. will post 2.42 EPS for the current fiscal year.

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.