Wedbush Securities Inc. raised its stake in shares of Walmart Inc (NYSE:WMT) by 21.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,665 shares of the retailer’s stock after acquiring an additional 2,974 shares during the quarter. Wedbush Securities Inc.’s holdings in Walmart were worth $1,625,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clarfeld Financial Advisors LLC purchased a new stake in shares of Walmart during the 4th quarter valued at $25,000. Ironwood Financial llc purchased a new stake in shares of Walmart during the 4th quarter valued at $26,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Walmart during the 4th quarter valued at $28,000. Winch Advisory Services LLC lifted its holdings in shares of Walmart by 45.1% during the 4th quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock valued at $32,000 after purchasing an additional 107 shares during the last quarter. Finally, WP Advisors LLC purchased a new stake in shares of Walmart during the 1st quarter valued at $37,000. 28.63% of the stock is currently owned by institutional investors and hedge funds.

WMT has been the subject of several analyst reports. Gordon Haskett upgraded Walmart from a “hold” rating to an “accumulate” rating and set a $115.00 price objective for the company in a report on Friday, May 17th. BMO Capital Markets reiterated a “buy” rating and set a $115.00 price objective on shares of Walmart in a report on Thursday, February 21st. Bank of America set a $120.00 price objective on Walmart and gave the company a “buy” rating in a report on Wednesday, February 20th. Barclays reiterated a “buy” rating and set a $113.00 price objective on shares of Walmart in a report on Wednesday, February 20th. Finally, Guggenheim reiterated a “buy” rating and set a $115.00 price objective on shares of Walmart in a report on Tuesday, February 19th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $107.19.

In other Walmart news, insider David Chojnowski sold 2,000 shares of Walmart stock in a transaction dated Friday, March 29th. The stock was sold at an average price of $97.17, for a total transaction of $194,340.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Jim C. Walton sold 820,736 shares of Walmart stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $101.45, for a total value of $83,263,667.20. Following the transaction, the insider now owns 17,502,080 shares of the company’s stock, valued at approximately $1,775,586,016. The disclosure for this sale can be found here. Insiders sold a total of 13,695,836 shares of company stock valued at $1,355,648,317 in the last 90 days. 51.11% of the stock is currently owned by company insiders.

WMT stock traded up $1.11 during midday trading on Thursday, reaching $102.23. The stock had a trading volume of 7,339,623 shares, compared to its average volume of 6,951,162. The firm has a market capitalization of $299.56 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 4.45 and a beta of 0.36. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.77 and a quick ratio of 0.21. Walmart Inc has a 52-week low of $81.78 and a 52-week high of $106.21.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.11. The company had revenue of $122.95 billion during the quarter, compared to analyst estimates of $124.51 billion. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $1.14 EPS. As a group, equities research analysts expect that Walmart Inc will post 4.81 earnings per share for the current year.

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Walmart Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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