Walmart Inc. (NYSE:WMT) Shares Purchased by Park Place Capital Corp

Park Place Capital Corp raised its holdings in Walmart Inc. (NYSE:WMT) by 248.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,809 shares of the retailer’s stock after acquiring an additional 16,257 shares during the quarter. Park Place Capital Corp’s holdings in Walmart were worth $1,372,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WMT. Northwest Capital Management Inc lifted its holdings in Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares during the period. Partnership Wealth Management LLC acquired a new position in shares of Walmart during the 4th quarter worth $30,000. Able Wealth Management LLC acquired a new position in shares of Walmart during the 4th quarter worth $30,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Walmart during the 4th quarter worth $32,000. Finally, Signature Resources Capital Management LLC acquired a new position in shares of Walmart during the 4th quarter worth $35,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of several research reports. Bank of America lifted their price target on Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Royal Bank of Canada lifted their price target on Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Citigroup lifted their price target on Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Stifel Nicolaus lifted their price target on Walmart from $69.00 to $71.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Evercore ISI boosted their target price on shares of Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Three investment 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 company presently has an average rating of “Moderate Buy” and an average target price of $70.47.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the sale, the chief executive officer now owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Walmart news, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total value of $1,944,600.00. Following the completion of the transaction, the director now owns 144,807 shares in the company, valued at approximately $9,386,389.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s 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 owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,525,340 shares of company stock worth $953,023,399. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Up 0.9 %

Shares of NYSE:WMT opened at $68.07 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $69.04. The stock 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. 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 issued its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (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 business had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same quarter in the previous year, the business earned $0.49 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts forecast that Walmart Inc. will post 2.42 earnings per share for the current 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.