Oxford Wealth Group LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT – Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,417 shares of the retailer’s stock, valued at approximately $266,000.
Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after purchasing an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after acquiring an additional 36,625,314 shares during the period. Norges Bank purchased a new position in Walmart during the fourth quarter valued at approximately $3,674,652,000. Bank of New York Mellon Corp increased its holdings in Walmart by 183.0% during the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after acquiring an additional 18,865,484 shares during the period. Finally, Raymond James & Associates increased its holdings in Walmart by 212.6% during the 1st quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock worth $844,514,000 after acquiring an additional 9,544,958 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.
Walmart Stock Down 0.6 %
Shares of WMT stock traded down $0.44 during mid-day trading on Tuesday, reaching $69.18. 12,521,194 shares of the company’s stock traded hands, compared to its average volume of 17,295,771. 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’s 50-day moving average price is $68.00 and its 200-day moving average price is $62.09. The company has a market cap of $556.45 billion, a P/E ratio of 29.61, a P/E/G ratio of 4.02 and a beta of 0.50. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $71.33.
Analysts Set New Price Targets
A number of brokerages have weighed in on WMT. The Goldman Sachs Group upped their target price on Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Citigroup raised their target price on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Telsey Advisory Group lifted their target price on shares of Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. UBS Group increased their price target on shares of Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Saturday. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.60.
Read Our Latest Stock Analysis on WMT
Insider Activity
In other news, major shareholder Alice L. Walton sold 1,132,123 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the transaction, the insider now directly owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the transaction, the insider now directly owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total value of $1,944,600.00. Following the completion of the sale, the director now owns 144,807 shares of the company’s stock, valued at $9,386,389.74. The disclosure for this sale can be found here. Insiders have sold a total of 14,540,863 shares of company stock valued at $954,424,817 in the last 90 days. 45.58% of the stock is currently owned by insiders.
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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