Walmart Inc. (NYSE:WMT) Shares Bought by AlphaCore Capital LLC

Key Points

• AlphaCore Capital LLC increased its stake in Walmart by 18.5% during the first quarter, now holding 76,442 shares valued at approximately $6.7 million.
• Multiple analysts have maintained a strong outlook on Walmart, with a majority giving it a "buy" rating and a consensus price target of $106.67.
• Walmart’s CEO, C. Douglas McMillon, recently sold 29,148 shares, reducing his ownership by 0.65%, while insiders have sold a total of 146,112 shares worth over $14 million in the last three months.

AlphaCore Capital LLC grew its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 18.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,442 shares of the retailer's stock after purchasing an additional 11,942 shares during the quarter. AlphaCore Capital LLC's holdings in Walmart were worth $6,729,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Eagle Capital Management LLC grew its holdings in shares of Walmart by 9.1% in the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock valued at $349,000 after purchasing an additional 321 shares during the period. Brighton Jones LLC raised its stake in Walmart by 28.8% during the fourth 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 holdings 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 purchasing an additional 485 shares during the last quarter. Highview Capital Management LLC DE grew its stake in shares of 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 period. Finally, F M Investments LLC grew its stake in shares of Walmart by 6.0% in the 4th quarter. F M Investments LLC now owns 163,487 shares of the retailer's stock valued at $14,771,000 after buying an additional 9,223 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on WMT shares. Citigroup reaffirmed a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Evercore ISI raised their target price on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Truist Financial lifted their target price on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Oppenheimer increased their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, DA Davidson reissued a "buy" rating and set a $117.00 price objective on shares of Walmart in a research report on Friday, May 16th. One analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has an average rating of "Buy" and a consensus price target of $106.67.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of the 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 sale, the chief executive officer directly owned 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. This represents a 0.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction 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 in the company, valued at $90,619,848.90. The trade was a 1.37% decrease in their ownership of the stock. 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 three months. Insiders own 45.58% of the company's stock.

Walmart Trading Down 0.2%

WMT opened at $103.10 on Friday. The business has a fifty day moving average price of $97.20 and a 200 day moving average price 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 12 month low of $66.67 and a 12 month high of $105.30. The stock has a market capitalization of $822.81 billion, a price-to-earnings ratio of 44.06, a PEG ratio of 4.97 and a beta of 0.66.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

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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