IMZ Advisory Inc Purchases 2,485 Shares of Walmart Inc. (NYSE:WMT)

IMZ Advisory Inc grew its holdings in Walmart Inc. (NYSE:WMT) by 199.9% in the 1st quarter, Holdings Channel reports. The fund owned 3,728 shares of the retailer’s stock after purchasing an additional 2,485 shares during the quarter. IMZ Advisory Inc’s holdings in Walmart were worth $224,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Walmart by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock valued at $21,944,764,000 after purchasing an additional 751,713 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Walmart by 1.8% during the 3rd quarter. Morgan Stanley now owns 24,087,268 shares of the retailer’s stock worth $3,852,277,000 after buying an additional 426,388 shares during the period. Norges Bank acquired a new position in Walmart in the 4th quarter valued at about $3,674,652,000. Price T Rowe Associates Inc. MD lifted its position in Walmart by 11.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock worth $3,190,194,000 after acquiring an additional 2,150,351 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Walmart by 0.6% during the third quarter. Ameriprise Financial Inc. now owns 13,011,647 shares of the retailer’s stock worth $2,081,120,000 after purchasing an additional 78,981 shares during the period. 26.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WMT. Truist Financial upped their price objective on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a report on Friday, May 17th. Royal Bank of Canada raised their price target 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. DA Davidson raised their target price on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Robert W. Baird boosted their price target on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Finally, BMO Capital Markets raised their price objective on Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.97.

Walmart Price Performance

WMT opened at $67.88 on Friday. The firm has a 50-day moving average price of $63.74 and a 200-day moving average price of $59.11. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $69.04. 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 capitalization of $546.00 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 3.94 and a beta of 0.52.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 EPS. Equities analysts expect that Walmart Inc. will post 2.42 EPS for the current year.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the sale, the executive vice president now owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the transaction, the executive vice president now owns 521,613 shares in the company, valued at $30,816,896.04. The disclosure for this sale can be found here. Insiders sold a total of 14,451,722 shares of company stock worth $947,990,915 in the last quarter. 45.58% of the stock is owned by company insiders.

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.