Baltimore Washington Financial Advisors Inc. purchased a new stake in shares of Walmart Inc. (NYSE:WMT – Free Report) during the first quarter, Holdings Channel reports. The institutional investor purchased 3,918 shares of the retailer’s stock, valued at approximately $236,000.
Several other large investors have also recently bought and sold shares of WMT. Flynn Zito Capital Management LLC boosted its stake in shares of Walmart by 3.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after buying an additional 61 shares during the period. ICW Investment Advisors LLC raised its holdings in shares of Walmart by 0.4% during the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after acquiring an additional 62 shares in the last quarter. Bill Few Associates Inc. boosted its position in Walmart by 1.1% during the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after purchasing an additional 64 shares during the last quarter. Rossmore Private Capital grew its stake in Walmart by 0.3% in the fourth quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock valued at $3,232,000 after purchasing an additional 65 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its position in Walmart by 0.3% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after purchasing an additional 65 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.
Walmart Trading Down 0.9 %
Shares of WMT opened at $70.40 on Thursday. 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 stock has a market cap of $566.27 billion, a PE ratio of 30.40, a PEG ratio of 4.03 and a beta of 0.50. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $71.10. The stock has a 50 day simple moving average of $66.55 and a 200-day simple moving average of $60.95.
Insider Activity at Walmart
In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total value of $177,240.00. Following the completion of the transaction, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred 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 directly owns 4,018,650 shares in the company, valued at $241,239,559.50. The disclosure for this sale can be found here. Insiders sold 14,527,738 shares of company stock valued at $953,190,060 in the last ninety days. Insiders own 45.58% of the company’s stock.
Analyst Ratings Changes
WMT has been the subject of several research reports. Jefferies Financial Group lifted their price target on Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a report on Monday, June 10th. Truist Financial raised their price objective on shares of Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Stifel Nicolaus increased their price target on shares of Walmart from $69.00 to $71.00 and gave the stock a “hold” rating in a research note on Tuesday, July 2nd. DA Davidson lifted their price objective on shares of Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Roth Mkm upped their price objective on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.09.
Check Out Our Latest Stock 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.
See Also
- Five stocks we like better than Walmart
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Why This Leading Health Stock is a Buy No Matter the Market Move
- How to Invest in Small Cap StocksĀ
- Microsoft Stock: If You’re Still On The Fence, Read This
- Insider Trading – What You Need to Know
- Airline Giant Beats EPS Expectations, Signals Capacity Cuts
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT – Free Report).
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.