Oxford Wealth Group LLC Buys Shares of 4,417 Walmart Inc. (NYSE:WMT)

Oxford Wealth Group LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT) 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.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. On average, equities analysts expect that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

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.

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.