Everett Harris & Co. CA decreased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 821,236 shares of the retailer's stock after selling 19,618 shares during the quarter. Walmart comprises approximately 0.9% of Everett Harris & Co. CA's investment portfolio, making the stock its 23rd largest position. Everett Harris & Co. CA's holdings in Walmart were worth $72,096,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of WMT. Nicholson Wealth Management Group LLC raised its stake in Walmart by 2.5% during the first quarter. Nicholson Wealth Management Group LLC now owns 19,565 shares of the retailer's stock worth $1,718,000 after buying an additional 474 shares during the last quarter. Bristlecone Advisors LLC boosted its position in Walmart by 4.7% during the first quarter. Bristlecone Advisors LLC now owns 8,110 shares of the retailer's stock valued at $712,000 after acquiring an additional 367 shares during the last quarter. Savvy Advisors Inc. grew its holdings in Walmart by 17.4% during the 1st quarter. Savvy Advisors Inc. now owns 39,798 shares of the retailer's stock worth $3,494,000 after acquiring an additional 5,905 shares during the period. LaSalle St. Investment Advisors LLC lifted its stake in shares of Walmart by 42.4% in the 1st quarter. LaSalle St. Investment Advisors LLC now owns 13,930 shares of the retailer's stock valued at $1,222,000 after purchasing an additional 4,150 shares during the period. Finally, AlphaCore Capital LLC boosted its position in shares of Walmart by 18.5% during the 1st quarter. AlphaCore Capital LLC now owns 76,442 shares of the retailer's stock valued at $6,729,000 after purchasing an additional 11,942 shares in the last quarter. 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 analyst reports. Erste Group Bank upgraded Walmart from a "hold" rating to a "buy" rating in a report on Tuesday. Wall Street Zen raised shares of Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Truist Financial lifted their price objective on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Oppenheimer increased their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $117.00 price target on shares of Walmart in a research note on Friday, May 16th. One analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $106.67.
View Our Latest Analysis on WMT
Walmart Trading Down 0.2%
Shares of Walmart stock opened at $103.10 on Friday. The firm has a market cap of $822.81 billion, a PE ratio of 44.06, a P/E/G ratio of 4.97 and a beta of 0.66. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The stock has a fifty day moving average price of $97.20 and a 200-day moving average price of $95.29.
Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share 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 analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. Equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.
Insider Activity at Walmart
In other news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $95.14, for a total transaction of $380,560.00. Following the completion of the transaction, the executive vice president owned 1,056,455 shares in the company, valued at approximately $100,511,128.70. This represents a 0.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,744 shares of the business's stock in a transaction dated 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 owned 649,233 shares in the company, valued at $62,066,674.80. This represents a 0.27% decrease in their ownership of the stock. 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 over the last 90 days. Corporate insiders own 45.58% of the company's stock.
About Walmart
(
Free Report)
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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