Donoghue Forlines LLC Has $2.32 Million Holdings in Walmart Inc. (NYSE:WMT)

Key Points

• Donoghue Forlines LLC increased its holdings in Walmart Inc. by 17.5%, now owning 26,428 shares valued at approximately $2.32 million, making it Walmart's 29th largest shareholder.
• Institutional investors own 26.76% of Walmart's stock, with several firms, including Eagle Capital and Brighton Jones, increasing their positions significantly in the recent quarter.
• Analysts have a consensus "Buy" rating on Walmart, raising target prices with recommendations ranging from $105 to $117, indicating positive sentiment about the company's performance.

Donoghue Forlines LLC increased its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 17.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,428 shares of the retailer's stock after acquiring an additional 3,928 shares during the period. Walmart comprises 0.7% of Donoghue Forlines LLC's investment portfolio, making the stock its 29th biggest holding. Donoghue Forlines LLC's holdings in Walmart were worth $2,320,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Eagle Capital Management LLC grew its position in Walmart by 9.1% in the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after purchasing an additional 321 shares in the last quarter. Brighton Jones LLC grew its position in Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after purchasing an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after purchasing an additional 485 shares in the last quarter. Highview Capital Management LLC DE grew its position in Walmart by 4.9% in the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock worth $3,338,000 after purchasing an additional 1,720 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc grew its position in shares of Walmart by 24.0% during the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 5,139 shares of the retailer's stock valued at $464,000 after acquiring an additional 995 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of research reports. Mizuho increased their target price on shares of Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, June 9th. DA Davidson restated a "buy" rating and set a $117.00 price target on shares of Walmart in a research note on Friday, May 16th. Oppenheimer lifted their target price on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Evercore ISI lifted their target price on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 target price on shares of Walmart in a report on Monday, June 9th. One investment 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 company's stock. According to data from MarketBeat, Walmart has a consensus rating of "Buy" and an average target price of $106.67.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the sale, the chief executive officer owned 4,412,398 shares of the company's stock, valued at $421,737,000.84. The trade was a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $95.14, for a total transaction of $380,560.00. Following the sale, the executive vice president directly owned 1,056,455 shares in the company, valued at $100,511,128.70. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,112 shares of company stock worth $14,080,073. 45.58% of the stock is owned by company insiders.

Walmart Price Performance

Shares of Walmart stock opened at $103.77 on Friday. The firm has a market cap of $828.13 billion, a PE ratio of 44.35, a price-to-earnings-growth ratio of 4.96 and a beta of 0.66. Walmart Inc. has a 12-month low of $67.14 and a 12-month high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The company's fifty day simple moving average is $97.30 and its two-hundred day simple moving average is $95.37.

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