Pandora Wealth Inc. acquired a new position in Walmart Inc. (NYSE:WMT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,276 shares of the retailer's stock, valued at approximately $1,078,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Eagle Capital Management LLC increased its position in shares of Walmart by 9.1% during the fourth 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 during the last quarter. Brighton Jones LLC increased its position in shares of Walmart by 28.8% during the fourth 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 during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Walmart by 5.8% during the fourth 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 during the last quarter. Highview Capital Management LLC DE increased its position in shares of Walmart by 4.9% during the fourth 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 during the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc increased its position in shares of Walmart by 24.0% during the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 5,139 shares of the retailer's stock valued at $464,000 after acquiring an additional 995 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.
Walmart Stock Performance
Shares of NYSE:WMT opened at $103.77 on Friday. The firm has a market cap of $828.13 billion, a PE ratio of 44.35, a price-to-earnings-growth ratio of 4.96 and a beta of 0.66. The firm's 50 day simple moving average is $97.30 and its 200-day simple moving average is $95.37. Walmart Inc. has a one year low of $67.14 and a one year high of $105.30. 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 issued 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. The business had revenue of $165.61 billion for 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 company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company posted $0.60 earnings per share. As a group, equities analysts predict that Walmart Inc. will post 2.55 EPS for the current year.
Insider Buying and Selling at Walmart
In other Walmart news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total value of $216,568.00. Following the completion of the sale, the executive vice president directly owned 628,318 shares in the company, valued at $61,851,623.92. This trade represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the completion of the sale, the executive vice president owned 945,434 shares of the company's stock, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 146,112 shares of company stock valued at $14,080,073. 45.58% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Citigroup reissued a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Oppenheimer increased their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Truist Financial increased their price objective on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Evercore ISI increased their price objective on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $106.67.
Check Out Our Latest Stock Report on WMT
Walmart Profile
(
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.
Further Reading
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