Baltimore Washington Financial Advisors Inc. Takes Position in Walmart Inc. (NYSE:WMT)

Baltimore Washington Financial Advisors Inc. purchased a new stake in shares of Walmart Inc. (NYSE:WMT) during the first quarter, Holdings Channel reports. The institutional investor purchased 3,918 shares of the retailer’s stock, valued at approximately $236,000.

Several other large investors have also recently bought and sold shares of WMT. Flynn Zito Capital Management LLC boosted its stake in shares of Walmart by 3.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after buying an additional 61 shares during the period. ICW Investment Advisors LLC raised its holdings in shares of Walmart by 0.4% during the fourth 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 in the last quarter. Bill Few Associates Inc. boosted its position in Walmart by 1.1% during the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after purchasing an additional 64 shares during the last quarter. Rossmore Private Capital grew its stake in Walmart by 0.3% in the fourth quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock valued at $3,232,000 after purchasing an additional 65 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its position in Walmart by 0.3% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after purchasing an additional 65 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Trading Down 0.9 %

Shares of WMT opened at $70.40 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The stock has a market cap of $566.27 billion, a PE ratio of 30.40, a PEG ratio of 4.03 and a beta of 0.50. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $71.10. The stock has a 50 day simple moving average of $66.55 and a 200-day simple moving average of $60.95.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (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 firm had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. During the same period in the prior year, the company posted $0.49 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, sell-side analysts predict that Walmart Inc. will post 2.43 EPS for the current fiscal year.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the transaction, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total value of $177,240.00. Following the completion of the transaction, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were 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 $241,239,559.50. The disclosure for this sale can be found here. Insiders sold 14,527,738 shares of company stock valued at $953,190,060 in the last ninety days. Insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of several research reports. Jefferies Financial Group lifted their price target on Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a report on Monday, June 10th. Truist Financial raised their price objective on shares of Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Stifel Nicolaus increased their price target on shares of Walmart from $69.00 to $71.00 and gave the stock a “hold” rating in a research note on Tuesday, July 2nd. DA Davidson lifted their price objective on shares of Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Roth Mkm upped their price objective on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.09.

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.