Walmart Inc. (NYSE:WMT) Shares Acquired by Y.D. More Investments Ltd

Key Points

• Y.D. More Investments Ltd increased its stake in Walmart Inc. by 24.7% in the first quarter, now owning nearly 57,000 shares valued at about $4.997 million.
• Walmart reported earnings of $0.61 per share, surpassing analyst expectations, and its revenue reached $165.61 billion, marking a 2.5% increase year-over-year.
• Analysts have mixed ratings on Walmart's stock, with an average price target of $106.67, indicating generally positive sentiment towards Walmart's growth prospects.

Y.D. More Investments Ltd boosted its position in Walmart Inc. (NYSE:WMT - Free Report) by 24.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,934 shares of the retailer's stock after acquiring an additional 11,273 shares during the quarter. Y.D. More Investments Ltd's holdings in Walmart were worth $4,997,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Whelan Financial increased its holdings in Walmart by 2.3% during the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock worth $392,000 after purchasing an additional 97 shares in the last quarter. Bedel Financial Consulting Inc. boosted its holdings in Walmart by 0.4% during the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock worth $2,275,000 after acquiring an additional 102 shares during the last quarter. Scott & Selber Inc. grew its stake in shares of Walmart by 3.7% in the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock worth $256,000 after acquiring an additional 105 shares in the last quarter. Capital Advisors Wealth Management LLC raised its holdings in shares of Walmart by 1.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock valued at $684,000 after purchasing an additional 105 shares during the last quarter. Finally, Lauterbach Financial Advisors LLC raised its holdings in shares of Walmart by 1.8% in the first quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock valued at $517,000 after purchasing an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

Walmart stock opened at $103.27 on Thursday. The firm has a fifty day simple moving average of $97.07 and a two-hundred day simple moving average of $95.22. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30. The company has a market capitalization of $824.14 billion, a PE ratio of 44.13, a P/E/G ratio of 4.78 and a beta of 0.66. 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 issued its earnings results 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. The company had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. Walmart's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. Research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Raymond James Financial reduced their price objective 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. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Tigress Financial lifted their price target on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Mizuho boosted their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, June 9th. Finally, UBS Group dropped their price objective on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. One analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $106.67.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the transaction, the executive vice president owned 628,318 shares of the company's stock, valued at $61,851,623.92. This represents a 0.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 28,000 shares of Walmart stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total value of $2,716,000.00. Following the completion of the sale, the executive vice president owned 1,064,455 shares in the company, valued at approximately $103,252,135. This represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,112 shares of company stock valued at $14,080,073 in the last three months. Corporate insiders own 45.58% 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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