Walmart Inc. (NYSE:WMT) Shares Acquired by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 40.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,958 shares of the retailer’s stock after acquiring an additional 1,139 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Walmart were worth $624,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC purchased a new position in shares of Walmart in the 4th quarter valued at approximately $24,089,000. Fairman Group LLC purchased a new position in Walmart in the 4th quarter valued at $95,000. Napatree Capital LLC acquired a new position in Walmart in the 4th quarter valued at $859,000. Quadrature Capital Ltd purchased a new position in Walmart during the 4th quarter worth $22,199,000. Finally, Warren Street Wealth Advisors LLC acquired a new stake in shares of Walmart in the 4th quarter worth $230,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 0.3 %

NYSE:WMT traded up $0.18 during trading hours on Tuesday, reaching $67.60. 1,160,066 shares of the company were exchanged, compared to its average volume of 18,057,863. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $67.85. The stock has a 50 day simple moving average of $62.62 and a 200 day simple moving average of $58.34. The firm has a market cap of $543.74 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 3.87 and a beta of 0.51. 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 (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share 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 return on equity of 21.57% and a net margin of 2.88%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. As a group, analysts predict that Walmart Inc. will post 2.42 EPS for the current year.

Insider Activity at Walmart

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Tigress Financial boosted their target price on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Oppenheimer raised their price target on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Jefferies Financial Group upped their price objective on Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, Bank of America raised their target price on Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.94.

Walmart 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.