62,370 Shares in Walmart Inc. (NYSE:WMT) Acquired by Councilmark Asset Management LLC

Councilmark Asset Management LLC acquired a new position in shares of Walmart Inc. (NYSE:WMT) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 62,370 shares of the retailer’s stock, valued at approximately $3,753,000. Walmart accounts for approximately 2.7% of Councilmark Asset Management LLC’s investment portfolio, making the stock its 9th largest position.

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

Analysts Set New Price Targets

Several brokerages have commented on WMT. Robert W. Baird raised their price target on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. KeyCorp boosted their price objective on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday. Roth Mkm boosted their price objective on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, May 17th. The Goldman Sachs Group upped their price target on shares of Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Bank of America upped their price target on shares of Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $71.09.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were 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 approximately $30,816,896.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were 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 approximately $30,816,896.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 2,398 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $69.50, for a total transaction of $166,661.00. Following the transaction, the executive vice president now owns 463,871 shares in the company, valued at $32,239,034.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,527,738 shares of company stock worth $953,190,060. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Down 0.1 %

Shares of WMT stock traded down $0.07 on Friday, hitting $70.75. The stock had a trading volume of 11,665,526 shares, compared to its average volume of 12,789,591. The firm has a market capitalization of $569.08 billion, a price-to-earnings ratio of 30.28, a P/E/G ratio of 4.08 and a beta of 0.50. The stock’s 50 day moving average is $66.96 and its 200-day moving average is $61.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $71.33.

Walmart (NYSE:WMT) last announced 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. The business had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 earnings per share. As a group, research analysts expect that Walmart Inc. will post 2.43 earnings per share for the current year.

Walmart Company 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.