Walmart Inc. (NYSE:WMT) Shares Purchased by Founders Financial Alliance LLC

Founders Financial Alliance LLC raised its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 10.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,670 shares of the retailer's stock after purchasing an additional 2,649 shares during the quarter. Founders Financial Alliance LLC's holdings in Walmart were worth $2,429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Bear Mountain Capital Inc. increased its holdings in Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after purchasing an additional 167 shares in the last quarter. EQ Wealth Advisors LLC bought a new position in Walmart in the first quarter worth about $35,000. Lipe & Dalton raised its stake in Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after acquiring an additional 200 shares in the last quarter. Nexus Investment Management ULC bought a new stake in shares of Walmart during the first quarter valued at about $49,000. Finally, Vega Investment Solutions bought a new stake in shares of Walmart during the 4th quarter worth about $54,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WMT. Citigroup reaffirmed a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Robert W. Baird raised their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. UBS Group reduced their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Truist Financial boosted their price objective on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Evercore ISI upped their target price on shares of Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. One research 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. According to MarketBeat.com, Walmart currently has a consensus rating of "Buy" and an average target price of $106.67.

Walmart Stock Performance

Shares of WMT opened at $103.10 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The business has a 50-day simple moving average of $97.20 and a two-hundred day simple moving average of $95.29. The stock has a market cap 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 Inc. has a 52 week low of $66.67 and a 52 week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly 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 business 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%. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. On average, analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the firm's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total value of $1,855,781.28. Following the completion of the sale, the chief executive officer owned 4,412,398 shares of the company's stock, valued at $421,737,000.84. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $98.30, for a total value of $216,260.00. Following the completion of the sale, the executive vice president directly owned 626,118 shares of the company's stock, valued at $61,547,399.40. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 146,112 shares of company stock worth $14,080,073 in the last three months. Corporate insiders own 45.58% of the company's stock.

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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