Talbot Financial LLC Invests $219,000 in Walmart Inc. (NYSE:WMT)

Talbot Financial LLC bought a new position in Walmart Inc. (NYSE:WMT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,647 shares of the retailer’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AHL Investment Management Inc. lifted its holdings in Walmart by 192.1% during the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after buying an additional 15,785 shares in the last quarter. Valley Brook Capital Group Inc. lifted its holdings in Walmart by 4.2% during the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after buying an additional 315 shares in the last quarter. Core Wealth Advisors Inc. lifted its holdings in Walmart by 38.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after buying an additional 420 shares in the last quarter. Motco lifted its holdings in Walmart by 1.3% during the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after buying an additional 726 shares in the last quarter. Finally, Sovereign Financial Group Inc. lifted its holdings in Walmart by 204.3% during 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 in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of NYSE WMT opened at $68.07 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $69.04. The company has a 50 day simple moving average of $64.22 and a two-hundred day simple moving average of $59.53. The stock has a market cap of $547.52 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 3.91 and a beta of 0.50.

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

Insider Buying and Selling at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the business’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 approximately $30,816,896.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were 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 approximately $241,239,559.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the transaction, the executive vice president now owns 521,613 shares of the company’s stock, valued at $30,816,896.04. 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. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on WMT shares. TD Cowen boosted their price target on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Tigress Financial boosted their price target on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Citigroup boosted their price target on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. HSBC boosted their price target on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Finally, Bank of America boosted their price target on shares of Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.47.

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.