Woodmont Investment Counsel LLC Has $4.17 Million Holdings in Walmart Inc. (NYSE:WMT)

Woodmont Investment Counsel LLC increased its holdings in Walmart Inc. (NYSE:WMT) by 198.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,372 shares of the retailer’s stock after acquiring an additional 46,111 shares during the period. Woodmont Investment Counsel LLC’s holdings in Walmart were worth $4,174,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMT. Norges Bank acquired a new stake in shares of Walmart in the 4th quarter worth about $3,674,652,000. BlueSpruce Investments LP acquired a new stake in shares of Walmart in the 4th quarter worth about $568,419,000. International Assets Investment Management LLC grew its position in Walmart by 15,371.4% in the 4th quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock worth $553,545,000 after purchasing an additional 3,488,530 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Walmart by 11.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock worth $3,190,194,000 after purchasing an additional 2,150,351 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Walmart by 218.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,554,046 shares of the retailer’s stock worth $153,677,000 after purchasing an additional 1,751,066 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock opened at $68.24 on Thursday. The stock has a market capitalization of $548.89 billion, a P/E ratio of 29.20, a PEG ratio of 3.92 and a beta of 0.50. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average is $64.40 and its 200 day moving average is $59.65. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $69.04.

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

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of recent analyst reports. Tigress Financial upped their price objective on shares of Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Truist Financial upped 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. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Walmart from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday. Bank of America upped 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. Finally, Royal Bank of Canada upped their price objective on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $70.47.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 25,578 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the sale, the executive vice president now directly owns 390,165 shares in the company, valued at approximately $26,367,350.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walmart news, EVP John D. Rainey sold 25,578 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the sale, the executive vice president now directly owns 390,165 shares in the company, valued at approximately $26,367,350.70. The transaction 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 firm’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 sale, the chief executive officer now owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The disclosure for this sale can be found here. Insiders have sold 14,525,340 shares of company stock worth $953,023,399 in the last three months. 45.58% of the stock is currently owned by corporate insiders.

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.