Citizens Financial Group Inc. RI Has $16.78 Million Position in Walmart Inc. (NYSE:WMT)

Key Points

• Citizens Financial Group Inc. RI increased its holdings in Walmart Inc. by 1.5% during the 1st quarter, totaling 190,923 shares valued at approximately $16.78 million.
• Walmart reported earnings of $0.61 per share, exceeding estimates, with Q1 revenue of $165.61 billion, up 2.5% from the previous year.
• Multiple analysts upgraded Walmart's stock price target, with Oppenheimer and Robert W. Baird both increasing their targets to $110.00, reflecting positive outlooks for the company's performance.

Citizens Financial Group Inc. RI raised its position in Walmart Inc. (NYSE:WMT - Free Report) by 1.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,923 shares of the retailer's stock after buying an additional 2,807 shares during the quarter. Citizens Financial Group Inc. RI's holdings in Walmart were worth $16,782,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Eagle Capital Management LLC boosted its stake in shares of Walmart by 9.1% in the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock valued at $349,000 after buying an additional 321 shares during the period. Brighton Jones LLC raised its holdings in Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after acquiring an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after acquiring an additional 485 shares in the last quarter. Highview Capital Management LLC DE lifted its position in shares of Walmart by 4.9% during the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after acquiring an additional 1,720 shares during the period. Finally, Rollins Financial Advisors LLC grew its holdings in shares of Walmart by 16.7% during the 4th quarter. Rollins Financial Advisors LLC now owns 7,096 shares of the retailer's stock worth $641,000 after purchasing an additional 1,016 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Walmart Trading Up 4.0%

NYSE:WMT traded up $3.96 during mid-day trading on Wednesday, hitting $103.27. 23,730,095 shares of the company's stock were exchanged, compared to its average volume of 13,905,739. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $824.14 billion, a P/E ratio of 44.13, a PEG ratio of 4.78 and a beta of 0.66. The company has a 50 day simple moving average of $96.95 and a 200-day simple moving average of $95.16.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. Walmart's revenue was up 2.5% compared to the same quarter last year. As a group, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction dated 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 sale, the chief executive officer owned 4,451,199 shares in the company, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total value of $1,258,031.25. Following the transaction, the executive vice president owned 945,434 shares of the company's stock, 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. Insiders sold a total of 146,112 shares of company stock valued at $14,080,073 over the last 90 days. 45.58% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on WMT shares. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. DA Davidson reissued a "buy" rating and issued a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Oppenheimer upped their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 price target on shares of Walmart in a research report on Monday, June 9th. Finally, Tigress Financial boosted their price objective on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $106.67.

Walmart Company 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.