Caldwell Sutter Capital Inc. Grows Stock Position in Walmart Inc. (NYSE:WMT)

Caldwell Sutter Capital Inc. grew its holdings in Walmart Inc. (NYSE:WMT) by 174.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,588 shares of the retailer’s stock after acquiring an additional 5,461 shares during the quarter. Caldwell Sutter Capital Inc.’s holdings in Walmart were worth $517,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of WMT. AHL Investment Management Inc. boosted its stake in Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after purchasing an additional 15,785 shares in the last quarter. Valley Brook Capital Group Inc. raised its holdings in shares of Walmart by 4.2% in the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after buying an additional 315 shares during the last quarter. Core Wealth Advisors Inc. lifted its stake in shares of Walmart by 38.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after buying an additional 420 shares during the period. Motco grew its holdings in shares of Walmart by 1.3% during the fourth quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after buying an additional 726 shares during the last quarter. Finally, Sovereign Financial Group Inc. increased its position in shares of Walmart by 204.3% in the 1st quarter. Sovereign Financial Group Inc. now owns 6,515 shares of the retailer’s stock valued at $392,000 after acquiring an additional 4,374 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

NYSE:WMT opened at $68.24 on Friday. The stock has a 50 day moving average of $64.57 and a two-hundred day moving average of $59.71. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $69.04. The firm has a market cap of $548.89 billion, a P/E ratio of 29.20, a price-to-earnings-growth ratio of 3.93 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.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same period in the previous year, the company posted $0.49 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. On average, analysts expect that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WMT. UBS Group lifted their price target on Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. HSBC lifted their target price on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Robert W. Baird increased their price target on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. DA Davidson raised their price target on shares of Walmart from $69.00 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 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 assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.47.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 25,578 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the transaction, the executive vice president now directly owns 390,165 shares in the company, valued at $26,367,350.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the transaction, the director now owns 144,807 shares in the company, valued at approximately $9,386,389.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 25,578 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the completion of the sale, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at approximately $26,367,350.70. The disclosure for this sale can be found here. Insiders sold 14,525,340 shares of company stock valued at $953,023,399 over the last 90 days. 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.