ING Groep NV boosted its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 106.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,131,246 shares of the retailer's stock after acquiring an additional 582,315 shares during the quarter. ING Groep NV's holdings in Walmart were worth $99,312,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Whelan Financial grew its position 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. Bedel Financial Consulting Inc. raised its stake in shares of Walmart by 0.4% during the first 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 in the last quarter. Scott & Selber Inc. raised its stake in Walmart by 3.7% in the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock worth $256,000 after buying an additional 105 shares in the last quarter. Capital Advisors Wealth Management LLC grew its holdings in Walmart by 1.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock worth $684,000 after purchasing an additional 105 shares during the last quarter. Finally, Lauterbach Financial Advisors LLC grew its holdings in Walmart by 1.8% in the first quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock worth $517,000 after purchasing an additional 106 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
WMT has been the subject of a number of research reports. Mizuho boosted their target price on shares of Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, June 9th. UBS Group reduced their price target on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Robert W. Baird upped their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Truist Financial increased their price objective on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Walmart currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.
Get Our Latest Research Report on Walmart
Insider Transactions at Walmart
In other news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the sale, the chief executive officer owned 4,451,199 shares in the company, valued at $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. 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. 45.58% of the stock is owned by corporate insiders.
Walmart Stock Up 0.4%
WMT stock opened at $98.40 on Monday. The company has a market cap of $785.27 billion, a PE ratio of 42.05, a price-to-earnings-growth ratio of 4.74 and a beta of 0.66. The business has a 50-day simple moving average of $96.86 and a 200 day simple moving average of $95.08. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30. 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 quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. Walmart's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.
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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