Dynamic Advisor Solutions LLC Increases Holdings in Walmart Inc. (NYSE:WMT)

Dynamic Advisor Solutions LLC raised its stake in shares of Walmart Inc. (NYSE:WMTFree Report) by 173.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,274 shares of the retailer’s stock after buying an additional 97,286 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Walmart were worth $9,223,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Valley Brook Capital Group Inc. raised its stake in shares of Walmart by 4.2% in the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after purchasing an additional 315 shares during the last quarter. Core Wealth Advisors Inc. increased its position in Walmart by 38.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after acquiring an additional 420 shares during the last quarter. Motco increased its position in Walmart by 1.3% during the fourth quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after acquiring an additional 726 shares during the last quarter. Tealwood Asset Management Inc. increased its position in Walmart by 200.0% during the first quarter. Tealwood Asset Management Inc. now owns 5,754 shares of the retailer’s stock valued at $346,000 after acquiring an additional 3,836 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in Walmart by 24.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock valued at $12,351,000 after acquiring an additional 15,448 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 2.4 %

Shares of NYSE WMT traded down $1.62 during midday trading on Tuesday, hitting $67.28. The company’s stock had a trading volume of 14,134,649 shares, compared to its average volume of 18,099,674. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $63.41 and its two-hundred day moving average is $58.92. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $69.04. The firm has a market cap of $541.17 billion, a P/E ratio of 28.71, a price-to-earnings-growth ratio of 3.92 and a beta of 0.51.

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

Analysts Set New Price Targets

WMT has been the subject of a number of research reports. Truist Financial upped their price objective on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research report on Friday, May 17th. TD Cowen boosted their price target on Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Oppenheimer boosted 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. Citigroup boosted their price target on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, BMO Capital Markets boosted their price target on Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.97.

View Our Latest Research Report on WMT

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $60.45, for a total value of $1,760,545.80. Following the transaction, the chief executive officer now owns 4,047,767 shares of the company’s stock, valued at $244,687,515.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $60.45, for a total transaction of $1,760,545.80. Following the sale, the chief executive officer now owns 4,047,767 shares of the company’s stock, valued at approximately $244,687,515.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $60.81, for a total value of $798,131.25. Following the sale, the executive vice president now directly owns 645,517 shares in the company, valued at approximately $39,253,888.77. The disclosure for this sale can be found here. Insiders have sold a total of 14,493,971 shares of company stock valued at $950,549,592 over the last quarter. 45.58% of the stock is owned by corporate insiders.

Walmart Company Profile

(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.

Featured Articles

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMTFree Report).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.