Mcdonald Partners LLC Raises Stock Position in Walmart Inc. (NYSE:WMT)

Mcdonald Partners LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 200.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,658 shares of the retailer’s stock after purchasing an additional 20,440 shares during the period. Mcdonald Partners LLC’s holdings in Walmart were worth $1,845,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Northwest Capital Management Inc lifted its stake in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares during the period. Partnership Wealth Management LLC acquired a new position in Walmart in the 4th quarter worth approximately $30,000. Able Wealth Management LLC purchased a new position in Walmart during the 4th quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Walmart during the 4th quarter valued at approximately $32,000. Finally, Signature Resources Capital Management LLC purchased a new stake in shares of Walmart in the 4th quarter valued at $35,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Up 1.3 %

NYSE:WMT traded up $0.88 during trading hours on Wednesday, hitting $68.30. The company had a trading volume of 14,166,710 shares, compared to its average volume of 18,122,811. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $69.04. The company has a market cap of $549.37 billion, a P/E ratio of 29.23, a P/E/G ratio of 3.89 and a beta of 0.52. The company has a 50-day moving average of $63.56 and a 200 day moving average of $59.05. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm posted $0.49 earnings per share. Walmart’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts expect that Walmart Inc. will post 2.42 earnings per share for the current year.

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the transaction, the insider now owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the completion of the sale, the insider now owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the completion of the transaction, the insider now owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,480,846 shares of company stock valued at $949,751,461. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WMT shares. HSBC boosted their target price on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. JPMorgan Chase & Co. upgraded Walmart from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $66.00 to $81.00 in a research note on Monday, June 10th. Roth Mkm lifted their price target on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, May 17th. DA Davidson boosted their price target on Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Royal Bank of Canada raised their price objective on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.97.

About Walmart

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.