Waterway Wealth Management LLC Increases Stock Holdings in Walmart Inc. (NYSE:WMT)

Waterway Wealth Management LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 195.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,634 shares of the retailer’s stock after purchasing an additional 6,374 shares during the quarter. Waterway Wealth Management LLC’s holdings in Walmart were worth $580,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AHL Investment Management Inc. raised its stake in Walmart by 192.1% in the first 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. raised its position in shares of Walmart by 4.2% in the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after acquiring an additional 315 shares in the last quarter. Core Wealth Advisors Inc. lifted its stake in shares of Walmart by 38.9% in 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 boosted its position in shares of Walmart by 1.3% during the fourth quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after purchasing an additional 726 shares in the last quarter. Finally, Sovereign Financial Group Inc. grew its stake in Walmart by 204.3% in the first quarter. Sovereign Financial Group Inc. now owns 6,515 shares of the retailer’s stock worth $392,000 after purchasing an additional 4,374 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. HSBC boosted their target price on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Barclays upped their price objective on shares of Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. BMO Capital Markets lifted their target price on shares of Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, May 17th. DA Davidson upped their price target on Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, Roth Mkm lifted their price objective on Walmart from $69.00 to $71.00 and gave the company a “buy” 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.41.

Walmart Trading Down 0.3 %

Walmart stock opened at $67.48 on Tuesday. The business has a 50-day simple moving average of $64.07 and a two-hundred day simple moving average of $59.41. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $69.04. 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 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.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating 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 business had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. Analysts predict that Walmart Inc. will post 2.42 EPS for the current year.

Insider Activity

In related news, SVP David Chojnowski sold 8,791 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the sale, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Alice L. Walton sold 3,633,800 shares of Walmart stock in a transaction on Monday, June 10th. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the transaction, the insider now owns 636,898,811 shares in the company, valued at approximately $42,544,840,574.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP David Chojnowski sold 8,791 shares of the 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 completion of the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The disclosure for this sale can be found here. Insiders have sold a total of 14,499,762 shares of company stock valued at $951,294,838 in the last ninety days. Corporate insiders own 45.58% of the company’s stock.

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.