Earned Wealth Advisors LLC Grows Stock Holdings in Walmart Inc. (NYSE:WMT)

Key Points

• Earned Wealth Advisors LLC increased its stake in Walmart by 67.6%, owning 11,474 shares worth approximately $1,007,000 after acquiring 4,629 additional shares in the 1st quarter.
• CEO C. Douglas McMillon and EVP John R. Furner sold shares in recent months, with McMillon selling 29,148 shares for about $2.8 million, indicating a slight decrease in their holdings.
• Walmart reported a higher-than-expected earnings per share of $0.61 for the last quarter, surpassing analysts' estimates of $0.58, with total revenue reaching $165.61 billion.

Earned Wealth Advisors LLC boosted its position in Walmart Inc. (NYSE:WMT - Free Report) by 67.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 11,474 shares of the retailer's stock after acquiring an additional 4,629 shares during the period. Earned Wealth Advisors LLC's holdings in Walmart were worth $1,007,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. SGL Investment Advisors Inc. grew its stake in Walmart by 539.1% in the 1st quarter. SGL Investment Advisors Inc. now owns 30,254 shares of the retailer's stock worth $2,948,000 after acquiring an additional 25,520 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Walmart by 3.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 2,919,436 shares of the retailer's stock valued at $256,297,000 after purchasing an additional 88,907 shares during the last quarter. Fairfield Financial Advisors LTD boosted its holdings in shares of Walmart by 81.8% in the 1st quarter. Fairfield Financial Advisors LTD now owns 29,311 shares of the retailer's stock valued at $2,573,000 after purchasing an additional 13,185 shares during the last quarter. Avalon Trust Co boosted its holdings in shares of Walmart by 143.3% in the 1st quarter. Avalon Trust Co now owns 4,744 shares of the retailer's stock valued at $417,000 after purchasing an additional 2,794 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its holdings in shares of Walmart by 3.4% in the 1st quarter. Manchester Capital Management LLC now owns 32,664 shares of the retailer's stock valued at $2,868,000 after purchasing an additional 1,081 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the transaction, the chief executive officer directly owned 4,451,199 shares of the company's stock, valued at $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 is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the completion of the sale, the executive vice president owned 945,434 shares of the company's stock, valued at $90,619,848.90. The trade was a 1.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,912 shares of company stock valued at $13,863,813. Company insiders own 45.58% of the company's stock.

Walmart Price Performance

NYSE:WMT opened at $98.40 on Friday. The company has a 50-day moving average of $96.86 and a 200-day moving average of $95.05. The company has a market capitalization of $785.27 billion, a price-to-earnings ratio of 42.05, a PEG ratio of 4.74 and a beta of 0.66. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78.

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, 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 during the quarter, compared to the consensus estimate of $164.53 billion. During the same period last year, the firm earned $0.60 EPS. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Oppenheimer lifted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. DA Davidson reaffirmed a "buy" rating and set a $117.00 price target on shares of Walmart in a research note on Friday, May 16th. UBS Group dropped their price target on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Evercore ISI lifted their price target on shares of Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Citigroup reaffirmed a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $106.67.

About Walmart

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.