Burleson & Company LLC Takes $118,000 Position in Walmart Inc. (NYSE:WMT)

Burleson & Company LLC acquired a new position in Walmart Inc. (NYSE:WMT) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 871 shares of the retailer’s stock, valued at approximately $118,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Greenhouse Wealth Management LLC acquired a new position in shares of Walmart in the fourth quarter worth $26,000. Albion Financial Group UT acquired a new position in Walmart in the 4th quarter worth about $27,000. ShoreHaven Wealth Partners LLC purchased a new stake in shares of Walmart during the 4th quarter worth about $29,000. Perennial Advisors LLC acquired a new stake in shares of Walmart during the 4th quarter valued at about $32,000. Finally, Clark Estates Inc. NY bought a new stake in shares of Walmart in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Shares of WMT stock opened at $139.88 on Friday. The firm has a fifty day simple moving average of $140.25. The firm has a market cap of $391.96 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 4.33 and a beta of 0.46. Walmart Inc. has a 52-week low of $117.01 and a 52-week high of $153.66. The company has a current ratio of 0.95, a quick ratio of 0.37 and a debt-to-equity ratio of 0.52.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, May 18th. The retailer reported $1.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.48. The business had revenue of $138.30 billion for the quarter, compared to analysts’ expectations of $131.53 billion. Walmart had a net margin of 2.18% and a return on equity of 19.92%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.18 earnings per share. On average, research analysts forecast that Walmart Inc. will post 5.95 EPS for the current year.

Walmart announced that its board has authorized a share buyback plan on Thursday, February 18th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the retailer to repurchase up to 5.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

In related news, major shareholder Alice L. Walton sold 1,549,788 shares of the business’s stock in a transaction on Thursday, May 20th. The stock was sold at an average price of $142.27, for a total value of $220,488,338.76. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $960,120,476.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP David Chojnowski sold 5,946 shares of the business’s stock in a transaction on Monday, May 24th. The shares were sold at an average price of $142.16, for a total value of $845,283.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,235,353 shares of company stock worth $1,301,680,977. Corporate insiders own 50.43% of the company’s stock.

A number of analysts have issued reports on WMT shares. Telsey Advisory Group lifted their target price on shares of Walmart from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, May 19th. Citigroup lifted their price objective on shares of Walmart from $172.00 to $179.00 and gave the company a “buy” rating in a research note on Wednesday, May 19th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on shares of Walmart from $172.00 to $179.00 and gave the stock a “buy” rating in a research report on Wednesday, May 19th. Credit Suisse Group began coverage on Walmart in a research report on Wednesday, May 19th. They issued an “outperform” rating and a $150.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Walmart from $165.00 to $181.00 and gave the stock a “buy” rating in a report on Wednesday, May 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. Walmart presently has an average rating of “Buy” and an average target price of $162.20.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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