Hohimer Wealth Management LLC Acquires New Shares in Walmart Inc. (NYSE:WMT)

Hohimer Wealth Management LLC bought a new position in Walmart Inc. (NYSE:WMT) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,578 shares of the retailer’s stock, valued at approximately $275,000.

Several other hedge funds and other institutional investors have also bought and sold shares of WMT. Russell Investments Group Ltd. lifted its position in shares of Walmart by 203.4% during the 1st quarter. Russell Investments Group Ltd. now owns 1,820,377 shares of the retailer’s stock valued at $109,558,000 after buying an additional 1,220,420 shares in the last quarter. Washington Trust Advisors Inc. lifted its holdings in Walmart by 198.9% during the first quarter. Washington Trust Advisors Inc. now owns 88,182 shares of the retailer’s stock valued at $5,306,000 after purchasing an additional 58,678 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Walmart by 223.8% in the first quarter. QRG Capital Management Inc. now owns 1,361,196 shares of the retailer’s stock worth $81,903,000 after purchasing an additional 940,864 shares during the period. Tranquility Partners LLC increased its stake in shares of Walmart by 209.5% in the first quarter. Tranquility Partners LLC now owns 4,519 shares of the retailer’s stock worth $272,000 after purchasing an additional 3,059 shares in the last quarter. Finally, Watershed Private Wealth LLC purchased a new stake in shares of Walmart in the first quarter worth $242,000. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s 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 sale, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was 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 of the company’s stock, valued at approximately $26,367,350.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,525,340 shares of company stock worth $953,023,399. 45.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on WMT shares. UBS Group upped their target price on shares of Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Raymond James upped their price target on Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. The Goldman Sachs Group lifted their price objective 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. Oppenheimer boosted their target price on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Finally, HSBC raised their target price on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average target price of $70.86.

Walmart Stock Up 1.3 %

Shares of WMT stock traded up $0.91 during trading hours on Wednesday, reaching $70.90. 5,733,902 shares of the company’s stock were exchanged, compared to its average volume of 17,457,346. 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 company has a market cap of $570.29 billion, a price-to-earnings ratio of 30.12, a P/E/G ratio of 4.01 and a beta of 0.50. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $70.92. The stock’s 50 day moving average is $66.33 and its 200-day moving average is $60.88.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating 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 company had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same period last year, the business posted $0.49 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. Analysts predict that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Walmart Company 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.