Walmart Inc. (NYSE:WMT) Shares Acquired by Mcdonald Partners LLC

Mcdonald Partners LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 200.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 30,658 shares of the retailer’s stock after buying an additional 20,440 shares during the period. Mcdonald Partners LLC’s holdings in Walmart were worth $1,845,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

WMT has been the subject of several research reports. Stifel Nicolaus raised their price target on shares of Walmart from $65.00 to $69.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Bank of America boosted their price objective on Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. BMO Capital Markets raised their price target on shares of Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. UBS Group boosted their price objective on Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Finally, Oppenheimer increased their price objective on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.97.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $60.26, for a total value of $180,780.00. Following the completion of the sale, the executive vice president now directly owns 524,613 shares of the company’s stock, valued at approximately $31,613,179.38. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $60.26, for a total transaction of $180,780.00. Following the sale, the executive vice president now owns 524,613 shares of the company’s stock, valued at approximately $31,613,179.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $66.85, for a total value of $877,406.25. Following the completion of the transaction, the executive vice president now directly owns 658,665 shares of the company’s stock, valued at $44,031,755.25. The disclosure for this sale can be found here. Insiders sold a total of 14,480,846 shares of company stock valued at $949,751,461 over the last three months. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 1.3 %

Shares of NYSE WMT traded up $0.88 during mid-day trading on Wednesday, hitting $68.30. The company’s stock had a trading volume of 14,166,710 shares, compared to its average volume of 18,122,811. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04. The company’s fifty day simple moving average is $63.56 and its 200-day simple moving average is $59.05. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The stock has a market cap of $549.37 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 3.89 and a beta of 0.52.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. On average, sell-side analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

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.