Rockport Wealth LLC Acquires New Holdings in Walmart Inc. (NYSE:WMT)

Rockport Wealth LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,762 shares of the retailer’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Capital Management Inc raised its position in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares in the last quarter. Partnership Wealth Management LLC bought a new stake in shares of Walmart during the 4th quarter worth about $30,000. Able Wealth Management LLC bought a new stake in shares of Walmart during the 4th quarter worth about $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Walmart during the 4th quarter worth about $32,000. Finally, Signature Resources Capital Management LLC bought a new stake in shares of Walmart during the 4th quarter worth about $35,000. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WMT. Tigress Financial lifted their price objective on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday. DA Davidson lifted their price objective on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Telsey Advisory Group lifted their price objective on shares of Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, June 10th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, Roth Mkm lifted their price objective on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Three investment 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 stock. According to data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus target price of $71.44.

Walmart Stock Up 0.4 %

NYSE WMT traded up $0.27 during trading on Tuesday, reaching $70.65. The company’s stock had a trading volume of 9,252,053 shares, compared to its average volume of 17,335,285. 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 stock has a market capitalization of $568.28 billion, a PE ratio of 30.24, a PEG ratio of 4.08 and a beta of 0.50. The business has a 50-day moving average price of $67.16 and a 200-day moving average price of $61.38. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $71.33.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping 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 business had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same period in the previous year, the company earned $0.49 earnings per share. Walmart’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, research analysts forecast that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total value of $177,240.00. Following the sale, the executive vice president now owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total value of $177,240.00. Following the sale, the executive vice president now owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Bartlett sold 2,398 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 463,871 shares in the company, valued at approximately $32,239,034.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,527,738 shares of company stock valued at $953,190,060. 45.58% of the stock is owned by company insiders.

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.