Generation Capital Management LLC Has $1.20 Million Position in Walmart Inc. (NYSE:WMT)

Key Points

• Generation Capital Management LLC has reduced its stake in Walmart Inc. by 41.4%, holding 13,716 shares worth approximately $1.20 million as of the latest SEC filing.
• Other institutional investors, like GAMMA Investing LLC, have significantly increased their positions in Walmart, with GAMMA adding 7,860,306 shares, marking a 9,896.9% increase.
• Walmart's stock recently opened at $98.40, with analysts forecasting an EPS of 2.55 for the current fiscal year, and the stock currently holds an average rating of "Moderate Buy".

Generation Capital Management LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 41.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,716 shares of the retailer's stock after selling 9,695 shares during the quarter. Walmart comprises approximately 1.1% of Generation Capital Management LLC's investment portfolio, making the stock its 29th biggest position. Generation Capital Management LLC's holdings in Walmart were worth $1,204,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Eagle Capital Management LLC boosted its holdings in shares of Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock valued at $349,000 after acquiring an additional 321 shares in the last quarter. Brighton Jones LLC boosted its holdings in shares of Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after acquiring an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Walmart by 5.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after acquiring an additional 485 shares in the last quarter. Highview Capital Management LLC DE boosted its holdings in shares of Walmart by 4.9% during the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after acquiring an additional 1,720 shares in the last quarter. Finally, Pioneer Trust Bank N A OR boosted its holdings in shares of Walmart by 45.2% during the 4th quarter. Pioneer Trust Bank N A OR now owns 21,050 shares of the retailer's stock valued at $1,902,000 after acquiring an additional 6,550 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Performance

Shares of NYSE:WMT traded up $1.00 during trading hours on Monday, hitting $99.49. The stock had a trading volume of 19,042,965 shares, compared to its average volume of 13,544,672. Walmart Inc. has a 1-year low of $66.67 and a 1-year high of $105.30. The firm has a market capitalization of $793.95 billion, a price-to-earnings ratio of 42.52, a PEG ratio of 4.74 and a beta of 0.66. The stock's fifty day simple moving average is $96.86 and its 200 day simple moving average is $95.08. 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 announced its 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. 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 analyst estimates of $164.53 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. Walmart's revenue for the quarter was up 2.5% compared to the same quarter last year. Sell-side analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the transaction, the executive vice president directly owned 932,313 shares in the company, valued at $88,700,258.82. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,744 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $95.60, for a total transaction of $166,726.40. Following the completion of the sale, the executive vice president directly owned 649,233 shares in the company, valued at approximately $62,066,674.80. The trade was a 0.27% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 146,112 shares of company stock valued at $14,080,073. Insiders own 45.58% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Oppenheimer lifted their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. DA Davidson reaffirmed a "buy" rating and set a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Citigroup reaffirmed a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. UBS Group cut their target price on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Tigress Financial lifted their price objective on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Walmart presently has a consensus 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.