Walmart Inc. (NYSE:WMT) Shares Acquired by Gabelli Funds LLC

Gabelli Funds LLC boosted its position in Walmart Inc. (NYSE:WMT) by 199.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 160,110 shares of the retailer’s stock after purchasing an additional 106,610 shares during the quarter. Gabelli Funds LLC’s holdings in Walmart were worth $9,634,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. Blackston Financial Advisory Group LLC purchased a new position in Walmart in the 4th quarter valued at $923,000. Great Lakes Retirement Inc. raised its holdings in shares of Walmart by 4.1% during the 4th quarter. Great Lakes Retirement Inc. now owns 5,308 shares of the retailer’s stock worth $837,000 after acquiring an additional 207 shares during the period. Trueblood Wealth Management LLC purchased a new position in shares of Walmart during the 4th quarter worth $526,000. DeDora Capital Inc. raised its holdings in shares of Walmart by 3.3% during the 4th quarter. DeDora Capital Inc. now owns 7,707 shares of the retailer’s stock worth $1,215,000 after acquiring an additional 244 shares during the period. Finally, Syntegra Private Wealth Group LLC raised its holdings in shares of Walmart by 2.1% during the 4th quarter. Syntegra Private Wealth Group LLC now owns 6,307 shares of the retailer’s stock worth $994,000 after acquiring an additional 132 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the sale, the executive vice president now owns 463,871 shares in the company, valued at $32,239,034.50. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Walmart news, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the sale, the executive vice president now owns 463,871 shares in the company, valued at $32,239,034.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,540,863 shares of company stock worth $954,424,817. 45.58% of the stock is owned by insiders.

Walmart Stock Down 0.3 %

WMT stock traded down $0.24 during trading on Friday, hitting $69.78. 16,789,306 shares of the company’s stock were exchanged, compared to its average volume of 12,217,879. The business has a 50-day moving average price of $67.81 and a two-hundred day moving average price of $61.81. The stock has a market capitalization of $561.28 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 4.02 and a beta of 0.50. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $71.33. 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 posted its 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 during the quarter, compared to analysts’ expectations of $159.57 billion. During the same quarter in the previous year, the business earned $0.49 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts expect that Walmart Inc. will post 2.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WMT. Piper Sandler began coverage on Walmart in a report on Wednesday, July 10th. They set an “overweight” rating and a $81.00 price target on the stock. JPMorgan Chase & Co. upgraded Walmart from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $66.00 to $81.00 in a report on Monday, June 10th. TD Cowen lifted their price target on Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Oppenheimer lifted their price target on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Finally, Stifel Nicolaus raised their price objective on Walmart from $69.00 to $71.00 and gave the stock a “hold” rating in a research report on Tuesday, July 2nd. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $71.60.

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.