Walmart Inc. (NYSE:WMT) Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lifted its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 413,429 shares of the retailer's stock after buying an additional 6,166 shares during the period. Walmart makes up about 2.0% of Motley Fool Asset Management LLC's holdings, making the stock its 13th biggest holding. Motley Fool Asset Management LLC's holdings in Walmart were worth $36,295,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WMT. Eagle Capital Management LLC boosted its position in Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after purchasing an additional 321 shares during the period. Brighton Jones LLC boosted its position in Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after purchasing an additional 21,939 shares during the period. Revolve Wealth Partners LLC boosted its position in Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after buying an additional 485 shares during the last quarter. Highview Capital Management LLC DE boosted its position in Walmart by 4.9% in the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after buying an additional 1,720 shares during the last quarter. Finally, Sagespring Wealth Partners LLC purchased a new position in Walmart in the 4th quarter valued at about $10,972,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of NYSE:WMT opened at $103.77 on Monday. The firm's 50 day moving average is $97.30 and its two-hundred day moving average is $95.39. Walmart Inc. has a 52 week low of $67.14 and a 52 week high of $105.30. The firm has a market capitalization of $828.13 billion, a P/E ratio of 44.35, a PEG ratio of 4.99 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 (NYSE:WMT - Get Free Report) last posted 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 net margin of 2.75% and a return on equity of 21.76%. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter last year, the business earned $0.60 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. Analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on WMT shares. 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 report on Friday, May 16th. Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a research report on Monday, June 9th. KeyCorp upped their price objective on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Mizuho upped their price objective 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. Finally, Truist Financial upped their price objective on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $106.67.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,148 shares of the firm'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 transaction of $2,815,113.84. Following the transaction, the chief executive officer owned 4,451,199 shares in the company, valued at $429,896,799.42. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 28,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the transaction, the executive vice president owned 1,064,455 shares in the company, valued at $103,252,135. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,112 shares of company stock worth $14,080,073 over the last ninety days. Insiders own 0.10% of the company's stock.

Walmart 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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