JBR Co Financial Management Inc Raises Holdings in Walmart Inc. (NYSE:WMT)

JBR Co Financial Management Inc boosted its position in Walmart Inc. (NYSE:WMT) by 201.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,422 shares of the retailer’s stock after purchasing an additional 2,953 shares during the period. JBR Co Financial Management Inc’s holdings in Walmart were worth $266,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV increased its holdings in shares of Walmart by 13.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 904 shares of the retailer’s stock worth $143,000 after buying an additional 104 shares during the last quarter. BKM Wealth Management LLC bought a new stake in Walmart in the fourth quarter valued at about $1,252,000. West Coast Financial LLC boosted its holdings in Walmart by 76.8% in the fourth quarter. West Coast Financial LLC now owns 2,503 shares of the retailer’s stock worth $395,000 after purchasing an additional 1,087 shares during the period. OneAscent Financial Services LLC lifted its holdings in Walmart by 31.5% in the fourth quarter. OneAscent Financial Services LLC now owns 5,002 shares of the retailer’s stock worth $792,000 after acquiring an additional 1,199 shares during the last quarter. Finally, Constitution Capital LLC boosted its position in Walmart by 0.9% during the 4th quarter. Constitution Capital LLC now owns 30,099 shares of the retailer’s stock valued at $4,745,000 after purchasing an additional 270 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,398 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the transaction, the executive vice president now owns 463,871 shares in the company, valued at approximately $32,239,034.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on 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 owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Daniel J. Bartlett sold 2,398 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the transaction, the executive vice president now owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The disclosure for this sale can be found here. Insiders sold 14,527,738 shares of company stock worth $953,190,060 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WMT. HSBC raised their target price on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Bank of America lifted their price objective on Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Robert W. Baird increased their target price on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Raymond James upped their price objective on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Finally, BMO Capital Markets raised their price objective on shares of Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $71.09.

Walmart Stock Up 0.1 %

Shares of NYSE:WMT traded up $0.08 during midday trading on Friday, hitting $70.90. 6,142,297 shares of the company’s stock were exchanged, compared to its average volume of 17,387,672. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $71.33. The company has a market cap of $570.29 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 4.09 and a beta of 0.50. The stock has a 50 day moving average price of $66.75 and a 200-day moving average price of $61.02.

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

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.