Creekmur Asset Management LLC Has $1.45 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Creekmur Asset Management LLC boosted its stake in Walmart Inc. (NYSE:WMT) by 225.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 24,067 shares of the retailer’s stock after buying an additional 16,677 shares during the period. Creekmur Asset Management LLC’s holdings in Walmart were worth $1,448,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of WMT. EntryPoint Capital LLC acquired a new position in Walmart in the 1st quarter valued at $25,000. Northwest Capital Management Inc grew its stake in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares in the last quarter. Partnership Wealth Management LLC bought a new position in Walmart during the fourth quarter worth about $30,000. Able Wealth Management LLC acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in Walmart in the 4th quarter valued at $32,000. 26.76% of the stock is owned by institutional investors.

Walmart Trading Down 0.8 %

WMT traded down $0.55 during trading on Wednesday, reaching $68.64. 22,197,666 shares of the stock traded hands, compared to its average volume of 17,329,408. The stock’s 50-day moving average is $68.07 and its 200 day moving average is $62.13. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $71.33. 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 stock has a market capitalization of $552.11 billion, a PE ratio of 29.38, a P/E/G ratio of 4.01 and a beta of 0.50.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same quarter last year, the firm posted $0.49 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. Equities analysts anticipate that Walmart Inc. will post 2.43 earnings per share for the current year.

Insider Buying and Selling

In related news, Director S Robson Walton sold 3,540,250 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $64.55, for a total transaction of $228,523,137.50. Following the transaction, the director now directly owns 648,504,011 shares of the company’s stock, valued at approximately $41,860,933,910.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction dated 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 transaction, the director now directly owns 144,807 shares in the company, valued at $9,386,389.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director S Robson Walton sold 3,540,250 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $64.55, for a total transaction of $228,523,137.50. Following the completion of the sale, the director now owns 648,504,011 shares in the company, valued at approximately $41,860,933,910.05. The disclosure for this sale can be found here. Insiders have sold a total of 14,537,863 shares of company stock valued at $954,247,577 over the last ninety days. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WMT shares. Evercore ISI upped their price objective on shares of Walmart from $73.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. 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 research report on Tuesday, May 7th. JPMorgan Chase & Co. upgraded shares of Walmart from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $66.00 to $81.00 in a research report on Monday, June 10th. Raymond James raised their target price on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Finally, Royal Bank of Canada boosted their price target on Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average price target of $71.60.

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.