Savvy Advisors Inc. Acquires 5,905 Shares of Walmart Inc. (NYSE:WMT)

Savvy Advisors Inc. boosted its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 17.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,798 shares of the retailer's stock after buying an additional 5,905 shares during the quarter. Savvy Advisors Inc.'s holdings in Walmart were worth $3,494,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bear Mountain Capital Inc. lifted its position in Walmart by 98.2% during the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after acquiring an additional 167 shares during the last quarter. EQ Wealth Advisors LLC bought a new position in shares of Walmart during the first quarter worth approximately $35,000. Lipe & Dalton lifted its holdings in Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after purchasing an additional 200 shares during the last quarter. Nexus Investment Management ULC bought a new stake in Walmart in the 1st quarter valued at $49,000. Finally, Vega Investment Solutions bought a new stake in Walmart in the 4th quarter valued at $54,000. Institutional investors own 26.76% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WMT. Royal Bank Of Canada reissued an "outperform" rating and set a $103.00 target price (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. KeyCorp lifted their price objective on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Tigress Financial increased their target price on shares of Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Raymond James Financial dropped their price target on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Finally, Mizuho boosted their price target on Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, June 9th. One investment 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $106.67.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm'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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the completion of the transaction, the executive vice president owned 628,318 shares in the company, valued at approximately $61,851,623.92. This represents a 0.35% 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 three months. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Down 0.2%

NYSE WMT opened at $103.10 on Friday. The stock has a market capitalization of $822.81 billion, a P/E ratio of 44.06, a P/E/G ratio of 4.97 and a beta of 0.66. The business has a 50 day simple moving average of $97.20 and a 200 day simple moving average of $95.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart Inc. has a one year low of $66.67 and a one year 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 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the previous year, the business posted $0.60 EPS. Walmart's revenue for the quarter was up 2.5% compared to the same quarter last year. Research analysts expect that Walmart Inc. will post 2.55 earnings per share 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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