Fiduciary Family Office LLC Takes Position in Walmart Inc. (NYSE:WMT)

Key Points

• Fiduciary Family Office LLC acquired a new stake in Walmart, purchasing 25,984 shares valued at approximately $2.3 million in the 1st quarter, making it Walmart's 23rd largest position.
• Several institutional investors adjusted their positions in Walmart, with notable increases including Bear Mountain Capital Inc. raising its stake by 98.2% and Lipe & Dalton by 95.2%.
• Recent analyst reports have a consensus rating of "Buy" for Walmart, with price targets lifted by firms such as Tigress Financial and KeyCorp, indicating positive market sentiment.

Fiduciary Family Office LLC purchased a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 25,984 shares of the retailer's stock, valued at approximately $2,281,000. Walmart comprises approximately 0.8% of Fiduciary Family Office LLC's holdings, making the stock its 23rd biggest position.

Several other institutional investors have also made changes to their positions in WMT. Bear Mountain Capital Inc. increased its position in Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after buying an additional 167 shares during the period. EQ Wealth Advisors LLC bought a new position in Walmart in the 1st quarter worth approximately $35,000. Lipe & Dalton increased its position in Walmart by 95.2% in the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after buying an additional 200 shares during the period. Nexus Investment Management ULC bought a new position in Walmart in the 1st quarter worth approximately $49,000. Finally, Vega Investment Solutions bought a new position in Walmart in the 4th quarter worth approximately $54,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other news, EVP Kathryn J. Mclay sold 28,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the transaction, the executive vice president directly owned 1,064,455 shares of the company's stock, valued at $103,252,135. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company'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 directly owned 945,434 shares of the company's stock, valued at $90,619,848.90. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,112 shares of company stock valued at $14,080,073 over the last three months. 45.58% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

WMT has been the topic of several recent analyst reports. Tigress Financial lifted their price target on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Telsey Advisory Group restated an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research report on Monday, June 9th. Citigroup restated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. KeyCorp boosted their price objective on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $103.00 price objective (up from $102.00) on shares of Walmart in a research report on Monday, June 9th. One equities research analyst has rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Walmart has a consensus rating of "Buy" and a consensus target price of $106.67.

Walmart Trading Up 0.6%

NYSE WMT opened at $103.77 on Friday. The stock has a 50-day simple moving average of $97.30 and a 200 day simple moving average of $95.37. The company has a market capitalization of $828.13 billion, a PE ratio of 44.35, a P/E/G ratio of 4.96 and a beta of 0.66. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 12 month low of $67.14 and a 12 month high of $105.30.

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, beating 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 business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The firm's revenue was up 2.5% on a year-over-year basis. Research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

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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