Hoxton Planning & Management LLC Raises Holdings in Walmart Inc. (NYSE:WMT)

Hoxton Planning & Management LLC boosted its stake in shares of Walmart Inc. (NYSE:WMTFree Report) by 213.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 4,801 shares of the retailer’s stock after purchasing an additional 3,268 shares during the quarter. Hoxton Planning & Management LLC’s holdings in Walmart were worth $289,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Valley Brook Capital Group Inc. boosted its stake in Walmart by 4.2% during the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after buying an additional 315 shares during the last quarter. Core Wealth Advisors Inc. grew its holdings in shares of Walmart by 38.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after purchasing an additional 420 shares during the period. Motco grew its holdings in shares of Walmart by 1.3% during the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock worth $9,191,000 after purchasing an additional 726 shares during the period. Tealwood Asset Management Inc. grew its holdings in shares of Walmart by 200.0% during the 1st quarter. Tealwood Asset Management Inc. now owns 5,754 shares of the retailer’s stock worth $346,000 after purchasing an additional 3,836 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Walmart by 24.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock worth $12,351,000 after purchasing an additional 15,448 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Down 2.1 %

Shares of NYSE WMT traded down $1.48 during midday trading on Tuesday, hitting $67.42. 20,878,775 shares of the company’s stock were exchanged, compared to its average volume of 18,155,412. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $69.04. The company has a market cap of $542.30 billion, a PE ratio of 28.71, a P/E/G ratio of 3.92 and a beta of 0.51. The firm’s fifty day simple moving average is $63.41 and its 200-day simple moving average is $58.92.

Walmart (NYSE:WMTGet Free Report) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share. Research analysts predict that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, major shareholder S Robson Walton sold 1,244,347 shares of Walmart stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the transaction, the insider now owns 633,518,311 shares of the company’s stock, valued at $42,211,325,061.93. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the transaction, the executive vice president now directly owns 521,613 shares in the company, valued at approximately $30,816,896.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder S Robson Walton sold 1,244,347 shares of Walmart stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $66.63, for a total value of $82,910,840.61. Following the completion of the transaction, the insider now owns 633,518,311 shares in the company, valued at $42,211,325,061.93. The disclosure for this sale can be found here. Insiders have sold a total of 14,493,971 shares of company stock valued at $950,549,592 over the last quarter. Company insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of a number of research analyst reports. HSBC increased their price target on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Evercore ISI increased their price target on Walmart from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Bank of America increased their price target on Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Robert W. Baird raised their target price on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Finally, Raymond James raised their target price on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.97.

View Our Latest Research Report on WMT

About Walmart

(Free Report)

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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