Stordahl Capital Management Inc. Increases Stake in Walmart Inc. (NYSE:WMT)

Stordahl Capital Management Inc. grew its position in Walmart Inc. (NYSE:WMT) by 192.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,302 shares of the retailer’s stock after acquiring an additional 3,488 shares during the period. Stordahl Capital Management Inc.’s holdings in Walmart were worth $319,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in 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 purchased a new position in shares of Walmart in the 4th quarter valued at about $30,000. Able Wealth Management LLC acquired a new stake in shares of Walmart in the fourth quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Walmart in the fourth quarter valued at about $32,000. Finally, Signature Resources Capital Management LLC purchased a new stake in Walmart during the fourth quarter worth about $35,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Up 0.2 %

WMT stock opened at $68.24 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The company has a market cap 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 fifty day simple moving average of $64.40 and a 200-day simple moving average of $59.65. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $69.04.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts expect that Walmart Inc. will post 2.43 EPS for the current year.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the 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 sale, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 4,018,650 shares in the company, valued at $241,239,559.50. The disclosure for this sale can be found here. Insiders have sold a total of 14,525,340 shares of company stock valued at $953,023,399 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on WMT shares. The Goldman Sachs Group lifted their price target on shares of Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Morgan Stanley upped their target price on Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Deutsche Bank Aktiengesellschaft raised their price target on Walmart from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Monday. Truist Financial boosted their price objective on shares of Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a research report on Friday, May 17th. Finally, Raymond James raised their target price on shares of Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and an average price target of $70.47.

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.