Cary Street Partners Financial LLC Has $7.69 Million Holdings in Walmart Inc. (NYSE:WMT)

Key Points

• Cary Street Partners Financial LLC increased its holdings in Walmart Inc. by **112.0%** in the first quarter, bringing its total ownership to **87,606 shares** valued at approximately **$7.69 million**.
• Insider sales included CEO C. Douglas McMillon, who sold **19,416 shares** for about **$1.86 million**, resulting in a **0.44% decrease** in his position, while total insider sales accounted for **146,112 shares** worth **$14.08 million** in the last quarter.
• Analysts expect Walmart to continue performing well, with several raising their price targets, leading to a current consensus rating of **"Moderate Buy"** and an average price target of **$106.67**.

Cary Street Partners Financial LLC raised its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 112.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,606 shares of the retailer's stock after purchasing an additional 46,287 shares during the period. Cary Street Partners Financial LLC's holdings in Walmart were worth $7,691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in WMT. Bear Mountain Capital Inc. increased its stake in shares of Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after acquiring an additional 167 shares during the last quarter. EQ Wealth Advisors LLC bought a new stake in shares of Walmart in the 1st quarter valued at about $35,000. Lipe & Dalton increased its stake in shares of Walmart by 95.2% in the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after acquiring an additional 200 shares during the last quarter. Nexus Investment Management ULC bought a new stake in shares of Walmart in the 1st quarter valued at about $49,000. Finally, Vega Investment Solutions bought a new stake in shares of Walmart in the 4th quarter valued at about $54,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total value of $1,855,781.28. Following the completion of the sale, the chief executive officer owned 4,412,398 shares of the company's stock, valued at approximately $421,737,000.84. This represents a 0.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,744 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $95.60, for a total value of $166,726.40. Following the completion of the sale, the executive vice president directly owned 649,233 shares of the company's stock, valued at approximately $62,066,674.80. The trade was a 0.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,112 shares of company stock worth $14,080,073 in the last quarter. 45.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $103.00 price target (up from $102.00) on shares of Walmart in a research note on Monday, June 9th. Evercore ISI upped their price target on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. KeyCorp upped their price target on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Oppenheimer upped their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $115.00 price target on shares of Walmart in a research note on Monday, June 9th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Walmart currently has a consensus rating of "Moderate Buy" and an average price target of $106.67.

Walmart Trading Up 1.0%

NYSE WMT opened at $99.49 on Tuesday. The company has a market cap of $793.95 billion, a PE ratio of 42.52, a PEG ratio of 4.74 and a beta of 0.66. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The stock has a 50 day moving average of $96.92 and a 200-day moving average of $95.13.

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

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