Burkett Financial Services LLC Acquires 6,317 Shares of Walmart Inc. (NYSE:WMT)

Burkett Financial Services LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 208.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,354 shares of the retailer’s stock after purchasing an additional 6,317 shares during the period. Burkett Financial Services LLC’s holdings in Walmart were worth $563,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Partnership Wealth Management LLC acquired a new position in Walmart in the 4th quarter worth about $30,000. Able Wealth Management LLC acquired a new position in shares of Walmart in the fourth quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Walmart during the 4th quarter worth approximately $32,000. Signature Resources Capital Management LLC bought a new stake in Walmart during the 4th quarter worth approximately $35,000. Finally, Tidemark LLC acquired a new position in Walmart in the 4th quarter valued at approximately $37,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 0.4 %

Shares of WMT traded up $0.30 during trading hours on Tuesday, reaching $67.72. 4,565,969 shares of the stock traded hands, compared to its average volume of 18,086,973. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $67.87. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $62.62 and a 200 day simple moving average of $58.34. The company has a market cap of $544.71 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 3.87 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 EPS. On average, equities analysts forecast that Walmart Inc. will post 2.42 EPS for the current year.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $60.81, for a total transaction of $798,131.25. Following the completion of the transaction, the executive vice president now directly owns 645,517 shares of the company’s stock, valued at approximately $39,253,888.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the completion of the transaction, the insider now owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $60.81, for a total transaction of $798,131.25. Following the completion of the sale, the executive vice president now directly owns 645,517 shares in the company, valued at approximately $39,253,888.77. The disclosure for this sale can be found here. Insiders sold a total of 14,493,971 shares of company stock valued at $950,549,592 in the last ninety days. 45.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. TD Cowen lifted their price target on shares of Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Oppenheimer upped their price target on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. Telsey Advisory Group raised their price objective on Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, June 10th. Bank of America upped their target price on Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Tigress Financial raised their price target on shares of Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.94.

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.