Endeavor Private Wealth Inc. Buys 8,110 Shares of Walmart Inc. (NYSE:WMT)

Key Points

• Endeavor Private Wealth Inc. significantly increased its stake in Walmart by 675.8%, acquiring an additional 8,110 shares, bringing its total holdings to 9,310 shares valued at approximately $819,000.
• Walmart's shares recently opened at $98.40 and the company reported a quarterly revenue of $165.61 billion, surpassing analysts' expectations with earnings per share of $0.61.
• Analysts have mixed outlooks on Walmart, with price targets ranging from $91.00 to $111.00, and an overall Moderate Buy rating prevailing among market analysts.

Endeavor Private Wealth Inc. lifted its stake in Walmart Inc. (NYSE:WMT - Free Report) by 675.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,310 shares of the retailer's stock after purchasing an additional 8,110 shares during the quarter. Endeavor Private Wealth Inc.'s holdings in Walmart were worth $819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Whelan Financial lifted its holdings in shares of Walmart by 2.3% during the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after purchasing an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in Walmart by 1.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock worth $538,000 after buying an additional 98 shares during the last quarter. Bedel Financial Consulting Inc. lifted its stake in Walmart by 0.4% during the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock valued at $2,275,000 after acquiring an additional 102 shares during the period. Scott & Selber Inc. lifted its stake in Walmart by 3.7% during the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock valued at $256,000 after acquiring an additional 105 shares during the period. Finally, Capital Advisors Wealth Management LLC boosted its holdings in shares of Walmart by 1.4% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock valued at $684,000 after acquiring an additional 105 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

Walmart Stock Up 0.4%

Shares of WMT stock opened at $98.40 on Friday. The company's fifty day simple moving average is $96.86 and its two-hundred day simple moving average is $95.03. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30. The stock has a market cap of $785.27 billion, a P/E ratio of 42.05, a PEG ratio of 4.72 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 (NYSE:WMT - Get Free Report) last posted its 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 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 in the previous year, the business earned $0.60 earnings per share. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. Analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on WMT shares. Evercore ISI increased their price objective on shares of Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Raymond James Financial dropped their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Truist Financial lifted their price objective on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Stifel Nicolaus dropped their target price on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has an average rating of "Moderate Buy" and an average price target of $106.67.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 1,744 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $95.60, for a total transaction of $166,726.40. Following the completion of the transaction, the executive vice president directly owned 649,233 shares in the company, valued at approximately $62,066,674.80. This represents a 0.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the sale, the executive vice president owned 628,318 shares in the company, valued at $61,851,623.92. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,912 shares of company stock worth $13,863,813. Company insiders own 45.58% of the company's stock.

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.

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