Clearstead Trust LLC Acquires 3,567 Shares of Walmart Inc. (NYSE:WMT)

Clearstead Trust LLC grew its stake in Walmart Inc. (NYSE:WMT) by 207.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,286 shares of the retailer’s stock after buying an additional 3,567 shares during the quarter. Clearstead Trust LLC’s holdings in Walmart were worth $318,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMT. Northwest Capital Management Inc boosted its position 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 acquiring an additional 293 shares during the last quarter. Partnership Wealth Management LLC bought a new stake in shares of Walmart in the fourth quarter worth $30,000. Able Wealth Management LLC acquired a new position in Walmart during the fourth quarter worth $30,000. Vermillion & White Wealth Management Group LLC bought a new position in Walmart in the fourth quarter valued at $32,000. Finally, Signature Resources Capital Management LLC acquired a new stake in Walmart in the 4th quarter valued at $35,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WMT has been the subject of a number of recent research reports. Evercore ISI increased their price objective on shares of Walmart from $73.00 to $74.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Barclays increased their price objective on Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Truist Financial upped their price objective on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research note on Friday, May 17th. TD Cowen increased their price target on Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Stifel Nicolaus lifted their target price on shares of Walmart from $69.00 to $71.00 and gave the stock a “hold” rating in a report on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.09.

Walmart Price Performance

Shares of WMT stock traded down $0.07 on Friday, reaching $70.75. The company had a trading volume of 11,665,526 shares, compared to its average volume of 12,789,591. The stock has a market capitalization of $569.08 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 4.08 and a beta of 0.50. 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 business’s 50-day moving average is $66.96 and its 200 day moving average is $61.20. Walmart Inc. has a one year low of $49.85 and a one year high of $71.33.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. Equities research analysts forecast that Walmart Inc. will post 2.43 EPS for the current fiscal year.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on 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 sale, the chief executive officer now directly owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Timothy Patrick Flynn sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the completion of the sale, the director now owns 144,807 shares in the company, valued at approximately $9,386,389.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The disclosure for this sale can be found here. Insiders sold 14,527,738 shares of company stock worth $953,190,060 over the last ninety days. 45.58% of the stock is owned by insiders.

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.