Buffington Mohr McNeal Has $1.14 Million Position in Walmart Inc. (NYSE:WMT)

Buffington Mohr McNeal boosted its position in Walmart Inc. (NYSE:WMT) by 190.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,918 shares of the retailer’s stock after purchasing an additional 12,406 shares during the period. Buffington Mohr McNeal’s holdings in Walmart were worth $1,138,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WMT. Partnership Wealth Management LLC bought a new stake in shares of Walmart in the 4th quarter valued at about $30,000. Able Wealth Management LLC bought a new stake in shares of Walmart in the 4th quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Walmart in the 4th quarter valued at about $32,000. Signature Resources Capital Management LLC bought a new stake in shares of Walmart in the 4th quarter valued at about $35,000. Finally, Tidemark LLC bought a new stake in shares of Walmart in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group upped their target price on Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Telsey Advisory Group raised their target price on Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, June 10th. Citigroup raised their target price on Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Tigress Financial raised their target price on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, Oppenheimer raised their target price on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $70.47.

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the sale, the insider now directly owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on 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 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 accessible through this link. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the sale, the insider now owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,525,340 shares of company stock worth $953,023,399. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of Walmart stock opened at $68.24 on Thursday. The business’s fifty day simple moving average is $64.40 and its 200 day simple moving average is $59.65. The firm has a market capitalization of $548.89 billion, a P/E ratio of 29.20, a price-to-earnings-growth ratio of 3.92 and a beta of 0.50. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $69.04. 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 (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. Walmart’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share. As a group, analysts anticipate that Walmart Inc. will post 2.43 EPS for the current year.

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.