Advisory Resource Group lessened its stake in shares of Walmart Inc (NYSE:WMT) by 66.8% during the 1st quarter, Holdings Channel reports. The firm owned 2,556 shares of the retailer’s stock after selling 5,141 shares during the quarter. Advisory Resource Group’s holdings in Walmart were worth $258,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Clarfeld Financial Advisors LLC purchased a new stake in shares of Walmart in the 4th quarter valued at $25,000. C J Advisory Inc purchased a new stake in shares of Walmart in the 1st quarter valued at $29,000. Winch Advisory Services LLC boosted its holdings in shares of Walmart by 45.1% in the 4th quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock valued at $32,000 after acquiring an additional 107 shares during the last quarter. Financial Gravity Wealth Inc. purchased a new stake in shares of Walmart in the 1st quarter valued at $35,000. Finally, WP Advisors LLC purchased a new stake in shares of Walmart in the 1st quarter valued at $37,000. 29.79% of the stock is currently owned by institutional investors.
WMT opened at $109.07 on Monday. The company has a quick ratio of 0.21, a current ratio of 0.77 and a debt-to-equity ratio of 0.89. Walmart Inc has a 1 year low of $82.37 and a 1 year high of $109.59. The firm has a market capitalization of $311.36 billion, a P/E ratio of 22.21, a PEG ratio of 4.78 and a beta of 0.36.
Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.11. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The firm had revenue of $122.95 billion during the quarter, compared to analysts’ expectations of $124.51 billion. During the same period in the previous year, the business posted $1.14 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts forecast that Walmart Inc will post 4.82 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Jefferies Financial Group upped their price objective on shares of Walmart from $117.00 to $120.00 and gave the company a “buy” rating in a report on Monday, June 10th. Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a report on Wednesday, May 22nd. Daiwa Capital Markets raised shares of Walmart from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 21st. Bank of America set a $120.00 price objective on shares of Walmart and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Deutsche Bank upped their price objective on shares of Walmart from $118.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 17th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nineteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $108.26.
In other Walmart news, major shareholder Alice L. Walton sold 1,649,023 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.88, for a total transaction of $163,055,394.24. Following the completion of the transaction, the insider now directly owns 8,872,375 shares in the company, valued at $877,300,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Jim C. Walton sold 1,626,851 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $101.08, for a total transaction of $164,442,099.08. Following the transaction, the insider now owns 17,502,080 shares of the company’s stock, valued at $1,769,110,246.40. The disclosure for this sale can be found here. Insiders have sold 11,674,015 shares of company stock valued at $1,172,639,093 over the last 90 days. 51.11% of the stock is currently owned by company insiders.
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Walmart Company Profile
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
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