Dominguez Wealth Management Solutions Inc. Raises Stock Position in Walmart Inc. (NYSE:WMT)

Dominguez Wealth Management Solutions Inc. raised its stake in shares of Walmart Inc. (NYSE:WMT) by 237.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,973 shares of the retailer’s stock after purchasing an additional 3,500 shares during the period. Dominguez Wealth Management Solutions Inc.’s holdings in Walmart were worth $299,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WMT. Partnership Wealth Management LLC acquired a new position in Walmart during the fourth quarter worth $30,000. Able Wealth Management LLC acquired a new position in shares of Walmart during the 4th quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Walmart in the fourth quarter valued at about $32,000. Signature Resources Capital Management LLC acquired a new stake in Walmart during the fourth quarter worth about $35,000. Finally, Tidemark LLC purchased a new position in Walmart during the fourth quarter worth about $37,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WMT. Evercore ISI raised their target price on Walmart from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Stifel Nicolaus boosted their price objective on shares of Walmart from $69.00 to $71.00 and gave the company a “hold” rating in a report on Tuesday. Telsey Advisory Group increased their target price on shares of Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, June 10th. Oppenheimer boosted their price target on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. Finally, Bank of America increased their price objective on shares of Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. 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 stock has an average rating of “Moderate Buy” and an average target price of $70.47.

Insiders Place Their Bets

In other 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 transaction 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 $241,239,559.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’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 transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director S Robson Walton sold 3,540,250 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $64.55, for a total value of $228,523,137.50. Following the completion of the transaction, the director now directly owns 648,504,011 shares of the company’s stock, valued at $41,860,933,910.05. The disclosure for this sale can be found here. Insiders have sold 14,525,340 shares of company stock valued at $953,023,399 over the last three months. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.2 %

NYSE WMT opened at $68.24 on Thursday. 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 one year low of $49.85 and a one year high of $69.04. The company has a 50-day simple moving average of $64.40 and a 200-day simple moving average of $59.65. The firm has a market capitalization of $548.89 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 3.92 and a beta of 0.50.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $161.50 billion during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $0.49 earnings per share. On average, equities analysts forecast that Walmart Inc. will post 2.43 earnings per share 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.