Walmart Inc. (NYSE:WMT) Shares Purchased by Meadow Creek Wealth Advisors LLC

Meadow Creek Wealth Advisors LLC raised its position in Walmart Inc. (NYSE:WMT – Get Rating) by 4.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,148 shares of the retailer’s stock after acquiring an additional 313 shares during the quarter. Walmart makes up about 1.3% of Meadow Creek Wealth Advisors LLC’s holdings, making the stock its 8th biggest holding. Meadow Creek Wealth Advisors LLC’s holdings in Walmart were worth $1,213,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Baltimore Washington Financial Advisors Inc. purchased a new position in Walmart in the fourth quarter worth approximately $286,000. Gibson Wealth Advisors LLC purchased a new position in Walmart in the fourth quarter worth approximately $29,000. Level Financial Advisors Inc. purchased a new position in Walmart in the fourth quarter worth approximately $35,000. James Reed Financial Services Inc. purchased a new stake in shares of Walmart during the 4th quarter worth approximately $35,000. Finally, Concorde Financial Corp purchased a new stake in shares of Walmart during the 4th quarter worth approximately $37,000. Institutional investors own 30.79% of the company’s stock.

Shares of NYSE WMT opened at $120.69 on Thursday. The stock has a market cap of $330.83 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 3.47 and a beta of 0.50. Walmart Inc. has a 52 week low of $117.27 and a 52 week high of $160.77. The company’s 50-day moving average price is $137.13 and its 200 day moving average price is $140.46. The company has a current ratio of 0.86, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43.

Walmart (NYSE:WMT – Get Rating) last issued its quarterly earnings data on Tuesday, May 17th. The retailer reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.18). Walmart had a net margin of 2.26% and a return on equity of 19.05%. The business had revenue of $141.60 billion during the quarter, compared to analyst estimates of $138.05 billion. During the same period in the previous year, the company posted $1.69 earnings per share. Walmart’s revenue was up 2.4% on a year-over-year basis. As a group, research analysts expect that Walmart Inc. will post 6.4 earnings per share for the current year.

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $125.61, for a total transaction of $1,219,421.88. Following the sale, the chief executive officer now directly owns 1,526,864 shares of the company’s stock, valued at approximately $191,789,387.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 48.44% of the stock is owned by company insiders.

Several analysts have recently weighed in on the stock. Royal Bank of Canada set a $153.00 price objective on shares of Walmart in a research report on Monday, June 6th. Citigroup reduced their price objective on shares of Walmart from $171.00 to $166.00 and set a “buy” rating for the company in a research report on Wednesday, May 18th. Credit Suisse Group reduced their price objective on shares of Walmart to $155.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. Stifel Nicolaus reduced their price objective on shares of Walmart from $155.00 to $150.00 and set a “hold” rating for the company in a research report on Wednesday, May 18th. Finally, Evercore ISI reduced their price objective on shares of Walmart from $140.00 to $135.00 and set an “in-line” rating for the company in a research report on Wednesday, May 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $157.56.

Walmart Profile (Get Rating)

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.

See Also