Wealthspire Advisors LLC Has $14.93 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Key Points

• Wealthspire Advisors LLC increased its holdings in Walmart Inc. by 107.7% in the first quarter, acquiring an additional 88,154 shares, bringing their total investment to $14.93 million.
• Walmart's quarterly earnings exceeded expectations, with an earnings per share of $0.61 and revenue of $165.61 billion, marking a 2.5% increase year-over-year.
• Walmart's stock has received several upgrades from analysts, with a current average price target of $106.67 among 30 buy ratings and one strong buy rating.

Wealthspire Advisors LLC lifted its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 107.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 170,016 shares of the retailer's stock after purchasing an additional 88,154 shares during the quarter. Wealthspire Advisors LLC's holdings in Walmart were worth $14,926,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Full Sail Capital LLC grew its position in shares of Walmart by 6.6% in the 4th quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock valued at $786,000 after purchasing an additional 541 shares during the period. Leslie Global Wealth LLC grew its position in shares of Walmart by 22.0% in the 4th quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock valued at $285,000 after purchasing an additional 568 shares during the period. Monument Capital Management grew its position in shares of Walmart by 94.2% in the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock valued at $4,829,000 after purchasing an additional 26,685 shares during the period. Milestone Asset Management LLC grew its position in shares of Walmart by 156.7% in the 1st quarter. Milestone Asset Management LLC now owns 54,659 shares of the retailer's stock valued at $4,799,000 after purchasing an additional 33,370 shares during the period. Finally, Rossby Financial LCC acquired a new position in shares of Walmart in the 4th quarter valued at approximately $1,404,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Up 1.0%

WMT stock opened at $99.49 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The stock has a market capitalization of $793.95 billion, a price-to-earnings ratio of 42.52, a PEG ratio of 4.74 and a beta of 0.66. The business's fifty day moving average price is $96.92 and its two-hundred day moving average price is $95.13. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion for 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 company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 EPS. On average, equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of recent research reports. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 price target on shares of Walmart in a research report on Monday, June 9th. UBS Group reduced their price target on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Mizuho upped their price target on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Truist Financial upped their price target on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Tigress Financial upped their price target on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $106.67.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated 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 transaction, the executive vice president owned 945,434 shares of the company's stock, valued at $90,619,848.90. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were 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 directly owned 628,318 shares of the company's stock, valued at approximately $61,851,623.92. This trade represents 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 ninety days. 45.58% of the stock is owned by company insiders.

About Walmart

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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