32,929 Shares in Walmart Inc. (NYSE:WMT) Purchased by Condor Capital Management

Key Points

• Condor Capital Management purchased 32,929 shares of Walmart Inc. (NYSE:WMT) during the 1st quarter, valued at approximately $2,891,000.
• Walmart's CEO, C. Douglas McMillon, sold 29,148 shares in May, reducing his ownership stake by 0.65%, while insiders have sold a total of 146,112 shares valued at over $14 million in the last quarter.
• Equity analysts have recently raised Walmart's target price, with Mizuho setting a new target of $115.00 and an "outperform" rating, while the average target price among analysts now stands at $106.67.

Condor Capital Management bought a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 32,929 shares of the retailer's stock, valued at approximately $2,891,000.

Several other hedge funds have also recently bought and sold shares of the company. Koss Olinger Consulting LLC acquired a new position in Walmart during the 1st quarter worth about $522,000. Lcnb Corp lifted its stake in Walmart by 0.8% during the 1st quarter. Lcnb Corp now owns 15,400 shares of the retailer's stock worth $1,352,000 after acquiring an additional 116 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Walmart by 4.7% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 661,328 shares of the retailer's stock worth $58,058,000 after acquiring an additional 29,739 shares in the last quarter. Private Wealth Advisors LLC lifted its stake in Walmart by 3.2% during the 1st quarter. Private Wealth Advisors LLC now owns 9,154 shares of the retailer's stock worth $804,000 after acquiring an additional 286 shares in the last quarter. Finally, First Western Trust Bank lifted its stake in Walmart by 1.7% during the 1st quarter. First Western Trust Bank now owns 22,239 shares of the retailer's stock worth $1,952,000 after acquiring an additional 370 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the transaction, the chief executive officer directly owned 4,451,199 shares in the company, valued at approximately $429,896,799.42. This trade represents a 0.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the transaction, the executive vice president owned 945,434 shares in the company, valued at $90,619,848.90. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,112 shares of company stock valued at $14,080,073. Company insiders own 45.58% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on WMT shares. Mizuho increased their target price on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $103.00 price target (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. Tigress Financial increased their price target on Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Raymond James Financial reduced their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Truist Financial increased their price target on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $106.67.

Walmart Trading Up 0.6%

NYSE:WMT opened at $103.77 on Friday. The stock's 50 day moving average price is $97.30 and its 200 day moving average price is $95.37. The company has a market capitalization of $828.13 billion, a PE ratio of 44.35, a P/E/G ratio of 4.96 and a beta of 0.66. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 52-week low of $67.14 and a 52-week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same period last year, the business posted $0.60 EPS. The company's revenue was up 2.5% on a year-over-year basis. On average, research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current 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.

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