Coppell Advisory Solutions Corp. Purchases Shares of 6,426 Walmart Inc. (NYSE:WMT)

Coppell Advisory Solutions Corp. bought a new stake in Walmart Inc. (NYSE:WMT) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 6,426 shares of the retailer’s stock, valued at approximately $387,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Flynn Zito Capital Management LLC raised its stake in shares of Walmart by 3.9% in the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after purchasing an additional 61 shares in the last quarter. ICW Investment Advisors LLC lifted its holdings in shares of Walmart by 0.4% during the 4th 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 during the period. Rossmore Private Capital boosted its position in shares of Walmart by 0.3% during the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock valued at $3,232,000 after acquiring an additional 65 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in Walmart by 0.3% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock valued at $3,370,000 after acquiring an additional 65 shares during the period. Finally, Avion Wealth raised its position in Walmart by 7.2% in the fourth quarter. Avion Wealth now owns 1,014 shares of the retailer’s stock worth $160,000 after purchasing an additional 68 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total value of $2,056,445.64. Following the sale, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.60, for a total value of $926,625.00. Following the completion of the transaction, the executive vice president now owns 632,415 shares in the company, valued at approximately $44,648,499. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.61, for a total value of $2,056,445.64. Following the sale, the chief executive officer now owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,537,863 shares of company stock worth $954,247,577. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded Walmart from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $66.00 to $81.00 in a research note on Monday, June 10th. Jefferies Financial Group increased their price objective on Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. HSBC boosted their target price on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. TD Cowen lifted their price target on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Robert W. Baird upped their price objective on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $71.60.

Walmart Trading Up 0.9 %

NYSE WMT traded up $0.61 during trading on Thursday, reaching $69.25. 6,513,867 shares of the stock traded hands, compared to its average volume of 17,257,887. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week 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 firm has a market cap of $557.02 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 3.99 and a beta of 0.50. The stock’s 50-day moving average price is $68.07 and its 200 day moving average price is $62.13.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $159.57 billion. During the same quarter in the previous year, the business posted $0.49 EPS. Walmart’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts predict that Walmart Inc. will post 2.43 EPS for the current year.

About Walmart

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.