Orser Capital Management LLC Increases Stake in Walmart Inc. (NYSE:WMT)

Orser Capital Management LLC grew its position in Walmart Inc. (NYSE:WMTFree Report) by 193.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,253 shares of the retailer’s stock after acquiring an additional 17,302 shares during the quarter. Walmart comprises about 1.5% of Orser Capital Management LLC’s portfolio, making the stock its 24th largest position. Orser Capital Management LLC’s holdings in Walmart were worth $1,580,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Partnership Wealth Management LLC purchased a new position in Walmart in the 4th quarter worth about $30,000. Able Wealth Management LLC purchased a new position in Walmart in the 4th quarter worth about $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in Walmart in the 4th quarter worth about $32,000. Signature Resources Capital Management LLC purchased a new position in Walmart in the 4th quarter worth about $35,000. Finally, Tidemark LLC purchased a new position in Walmart in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the sale, the director now owns 144,807 shares of the company’s stock, valued at approximately $9,386,389.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the sale, the director now owns 144,807 shares of the company’s stock, valued at approximately $9,386,389.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder S Robson Walton sold 1,244,347 shares of Walmart stock in a transaction 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 sale, the insider now directly owns 633,518,311 shares in the company, valued at approximately $42,211,325,061.93. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,493,971 shares of company stock valued at $950,549,592. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of NYSE:WMT traded down $0.10 during trading on Friday, hitting $67.91. 25,891,526 shares of the stock traded hands, compared to its average volume of 13,038,200. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The company has a market cap of $546.24 billion, a price-to-earnings ratio of 29.06, a P/E/G ratio of 3.92 and a beta of 0.52. The company has a fifty day moving average price of $63.23 and a two-hundred day moving average price of $58.75. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $68.55.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Bank of America raised their price target on shares of Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. JPMorgan Chase & Co. upgraded shares of Walmart from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $66.00 to $81.00 in a report on Monday, June 10th. HSBC increased their target price on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Raymond James increased their target price on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Finally, Evercore ISI raised their price target on shares of Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.97.

Check Out Our Latest Stock 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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