Consilio Wealth Advisors LLC Buys Shares of 3,820 Walmart Inc. (NYSE:WMT)

Consilio Wealth Advisors LLC bought a new stake in Walmart Inc. (NYSE:WMT) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,820 shares of the retailer’s stock, valued at approximately $230,000.

A number of other hedge funds also recently added to or reduced their stakes in WMT. Flynn Zito Capital Management LLC raised its stake in shares of Walmart by 3.9% during the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after purchasing an additional 61 shares in the last quarter. ICW Investment Advisors LLC grew its holdings in Walmart by 0.4% during the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after acquiring an additional 62 shares during the period. Bill Few Associates Inc. grew its holdings in Walmart by 1.1% during the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after acquiring an additional 64 shares during the period. Rossmore Private Capital grew its holdings in Walmart by 0.3% during the fourth 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 grew its holdings in Walmart by 0.3% during the fourth 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 during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Up 0.9 %

Shares of Walmart stock opened at $68.07 on Wednesday. The firm has a market cap of $547.52 billion, a price-to-earnings ratio of 29.13, 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 current ratio of 0.80 and a quick ratio of 0.23. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $69.04. The stock has a 50-day simple moving average of $64.22 and a 200-day simple moving average of $59.53.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. During the same period in the previous year, the company earned $0.49 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities research analysts expect that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Barclays lifted their target price on Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Truist Financial lifted their target price on Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a report on Friday, May 17th. The Goldman Sachs Group lifted their target price on Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Evercore ISI lifted their target price on Walmart from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Finally, KeyCorp lifted their price target on Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a research note 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 company’s stock. According to MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $70.47.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 25,578 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the sale, the executive vice president now directly owns 390,165 shares in the company, valued at approximately $26,367,350.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP John D. Rainey sold 25,578 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the sale, the executive vice president now directly owns 390,165 shares in the company, valued at approximately $26,367,350.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 4,018,650 shares in the company, valued at $241,239,559.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,525,340 shares of company stock worth $953,023,399. 45.58% of the stock is currently owned by insiders.

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.