Pineridge Advisors LLC Makes New Investment in Walmart Inc. (NYSE:WMT)

Pineridge Advisors LLC acquired a new position in shares of Walmart Inc. (NYSE:WMTFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,335 shares of the retailer’s stock, valued at approximately $368,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMT. Partnership Wealth Management LLC bought a new stake in shares of Walmart in the 4th quarter valued at approximately $30,000. Able Wealth Management LLC acquired a new position in shares of Walmart in the fourth quarter valued at $30,000. Vermillion & White Wealth Management Group LLC acquired a new position in Walmart during the fourth quarter worth $32,000. Signature Resources Capital Management LLC acquired a new position in Walmart during the fourth quarter worth $35,000. Finally, Tidemark LLC acquired a new position in Walmart during the fourth quarter worth $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of NYSE WMT traded up $0.32 during mid-day trading on Friday, hitting $67.02. The company had a trading volume of 12,590,146 shares, compared to its average volume of 15,134,117. The company has a market capitalization of $539.08 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 3.87 and a beta of 0.52. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $67.57. 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’s 50-day moving average price is $62.47 and its 200-day moving average price is $58.19.

Walmart (NYSE:WMTGet Free Report) last announced its quarterly 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. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company 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 business earned $0.49 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts forecast that Walmart Inc. will post 2.42 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. HSBC increased their target price on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. TD Cowen raised their target price on Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. KeyCorp raised their target price on Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. BMO Capital Markets raised their price target on Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Finally, Robert W. Baird raised their price target on Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.94.

Check Out Our Latest Stock Analysis on WMT

Insider Activity

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $66.85, for a total transaction of $877,406.25. Following the completion of the transaction, the executive vice president now owns 658,665 shares of the company’s stock, valued at approximately $44,031,755.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $66.85, for a total transaction of $877,406.25. Following the transaction, the executive vice president now owns 658,665 shares in the company, valued at approximately $44,031,755.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the company’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 value of $242,737,840.00. Following the transaction, the insider now owns 636,898,811 shares in the company, valued at approximately $42,544,840,574.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,493,971 shares of company stock valued at $950,549,592. Insiders own 45.58% of the company’s stock.

Walmart Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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