Foguth Wealth Management LLC. acquired a new stake in shares of Walmart Inc. (NYSE:WMT – Free Report) during the first quarter, according to its most recent filing with the SEC. The fund acquired 8,645 shares of the retailer’s stock, valued at approximately $520,000.
A number of other institutional investors have also added to or reduced their stakes in WMT. Northwest Capital Management Inc lifted its holdings in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares in the last quarter. Partnership Wealth Management LLC purchased a new stake in Walmart during the 4th quarter worth about $30,000. Able Wealth Management LLC purchased a new stake in Walmart during the 4th quarter worth about $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Walmart in the 4th quarter valued at about $32,000. Finally, Signature Resources Capital Management LLC purchased a new stake in shares of Walmart in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.
Walmart Price Performance
Shares of WMT stock opened at $67.71 on Monday. The firm has a market cap of $544.63 billion, a P/E ratio of 28.98, a P/E/G ratio of 3.91 and a beta of 0.50. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $69.04. The business’s 50 day moving average price is $64.07 and its 200-day moving average price is $59.41. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80.
Insider Transactions at Walmart
In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the sale, the executive vice president now directly owns 521,613 shares in the company, valued at $30,816,896.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the sale, the executive vice president now directly owns 521,613 shares in the company, valued at $30,816,896.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 3,633,800 shares of Walmart stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $66.80, for a total value of $242,737,840.00. Following the sale, the insider now owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,499,762 shares of company stock worth $951,294,838. 45.58% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several analysts have weighed in on WMT shares. UBS Group raised their price target on Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. HSBC raised their price target on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. JPMorgan Chase & Co. raised Walmart from a “neutral” rating to an “overweight” rating and raised their price target for the company from $66.00 to $81.00 in a report on Monday, June 10th. Barclays raised their price target on Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Finally, Oppenheimer raised their price target on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.97.
View Our Latest Analysis on WMT
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.
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