Excalibur Management Corp Raises Position in Walmart Inc. (NYSE:WMT)

Excalibur Management Corp grew its holdings in Walmart Inc. (NYSE:WMT) by 4.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,228 shares of the retailer’s stock after acquiring an additional 522 shares during the period. Excalibur Management Corp’s holdings in Walmart were worth $828,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of WMT. Landmark Financial Advisors LLC lifted its position in Walmart by 1.0% during the fourth quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock worth $1,112,000 after buying an additional 70 shares during the period. Syverson Strege & Co lifted its holdings in shares of Walmart by 2.6% during the 4th quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock worth $532,000 after acquiring an additional 85 shares during the period. Amussen Hunsaker Associates LLC boosted its position in shares of Walmart by 0.5% in the fourth quarter. Amussen Hunsaker Associates LLC now owns 15,979 shares of the retailer’s stock worth $2,519,000 after acquiring an additional 86 shares during the last quarter. Western Pacific Wealth Management LP grew its holdings in Walmart by 4.9% in the fourth quarter. Western Pacific Wealth Management LP now owns 1,892 shares of the retailer’s stock valued at $298,000 after purchasing an additional 88 shares during the period. Finally, Per Stirling Capital Management LLC. increased its position in Walmart by 2.6% during the fourth quarter. Per Stirling Capital Management LLC. now owns 4,009 shares of the retailer’s stock worth $632,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the sale, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Walmart news, EVP Daniel J. Bartlett sold 2,398 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $69.50, for a total value of $166,661.00. Following the sale, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the transaction, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The disclosure for this sale can be found here. Insiders sold a total of 10,203,360 shares of company stock valued at $788,678,803 over the last three months. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on WMT shares. JPMorgan Chase & Co. increased their target price on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. DA Davidson lifted their target price on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. KeyCorp lifted their target price on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Piper Sandler reiterated an “overweight” rating and issued a $83.00 target price (up previously from $81.00) on shares of Walmart in a report on Friday, August 16th. Finally, Tigress Financial lifted their target price on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.99.

Walmart Price Performance

Shares of NYSE WMT opened at $80.60 on Tuesday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.02. The firm has a market cap of $647.88 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 3.99 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock’s 50-day simple moving average is $72.73 and its 200-day simple moving average is $66.34.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 earnings per share. As a group, equities analysts anticipate that Walmart Inc. will post 2.44 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.