Exchange Capital Management Inc. Has $375,000 Position in Walmart Inc. (NYSE:WMT)

Exchange Capital Management Inc. boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 208.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,235 shares of the retailer’s stock after purchasing an additional 4,215 shares during the period. Exchange Capital Management Inc.’s holdings in Walmart were worth $375,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwest Capital Management Inc lifted its stake in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the last quarter. Partnership Wealth Management LLC bought a new stake in Walmart during the fourth quarter worth $30,000. Able Wealth Management LLC bought a new stake in Walmart during the fourth quarter worth $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in Walmart during the fourth quarter worth $32,000. Finally, Signature Resources Capital Management LLC bought a new stake in Walmart during the fourth quarter worth $35,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Shares of Walmart stock opened at $68.24 on Thursday. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04. The firm has a market capitalization of $548.89 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 3.92 and a beta of 0.50. The business has a 50-day simple moving average of $64.40 and a 200 day simple moving average of $59.65. 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 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. 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 analyst estimates of $159.57 billion. During the same period in the previous year, the company posted $0.49 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, research analysts anticipate that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on WMT. BMO Capital Markets upped their target price on Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Oppenheimer increased their price target on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. The Goldman Sachs Group increased their price target on Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Truist Financial increased their price target on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research note on Friday, May 17th. Finally, TD Cowen increased their price target on Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average target price of $70.47.

Insider Activity at Walmart

In related 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 value of $1,748,313.72. Following the completion of the sale, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.20, for a total transaction of $895,125.00. Following the completion of the sale, the executive vice president now directly owns 645,540 shares of the company’s stock, valued at approximately $44,025,828. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $1,748,313.72. Following the sale, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The disclosure for this sale can be found here. Insiders sold 14,525,340 shares of company stock valued at $953,023,399 in the last three months. Corporate insiders own 45.58% of the company’s stock.

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.