MGO Private Wealth LLC Has $261,000 Stake in Walmart Inc. (NYSE:WMT)

MGO Private Wealth LLC increased its position in Walmart Inc. (NYSE:WMT) by 231.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,343 shares of the retailer’s stock after buying an additional 3,033 shares during the period. MGO Private Wealth LLC’s holdings in Walmart were worth $261,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AHL Investment Management Inc. lifted 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 purchasing an additional 15,785 shares during the last quarter. Valley Brook Capital Group Inc. raised its position in shares of Walmart by 4.2% in the fourth 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. lifted its stake in shares of Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after buying an additional 420 shares during the last quarter. Motco boosted its holdings in shares of Walmart by 1.3% during the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock worth $9,191,000 after buying an additional 726 shares during the period. Finally, Sovereign Financial Group Inc. grew its stake in Walmart by 204.3% in the 1st quarter. Sovereign Financial Group Inc. now owns 6,515 shares of the retailer’s stock valued at $392,000 after buying an additional 4,374 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 0.9 %

Shares of WMT opened at $68.07 on Wednesday. The company has a market capitalization of $547.52 billion, a P/E ratio of 29.13, a PEG ratio of 3.91 and a beta of 0.50. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04. The business’s 50 day simple moving average is $64.22 and its 200-day simple moving average is $59.53. 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 (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts predict that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on WMT shares. Royal Bank of Canada boosted their target price on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Deutsche Bank Aktiengesellschaft increased their target price on Walmart from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Monday. Raymond James lifted their price target on Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Roth Mkm increased their price objective on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, JPMorgan Chase & Co. upgraded shares of Walmart from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $66.00 to $81.00 in a research note on Monday, June 10th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.47.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $30,816,896.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $68.39, for a total value of $1,991,790.36. Following the completion of the sale, the chief executive officer now directly owns 3,960,402 shares in the company, valued at $270,851,892.78. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the transaction, the executive vice president now owns 521,613 shares in the company, valued at $30,816,896.04. The disclosure for this sale can be found here. Insiders have sold a total of 14,525,340 shares of company stock valued at $953,023,399 in the last 90 days. 45.58% of the stock is currently owned by insiders.

About Walmart

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.