Richardson Financial Services Inc. Buys New Stake in Walmart Inc. (NYSE:WMT)

Richardson Financial Services Inc. purchased a new stake in Walmart Inc. (NYSE:WMT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,104 shares of the retailer’s stock, valued at approximately $647,000.

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

Walmart Price Performance

WMT stock traded up $0.32 during trading on Friday, reaching $67.02. 12,590,146 shares of the company were exchanged, compared to its average volume of 15,134,117. The company has a market cap of $539.08 billion, a P/E ratio of 28.68, a PEG ratio of 3.85 and a beta of 0.52. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $67.57. The stock’s 50 day moving average price is $62.47 and its 200 day moving average price is $58.19. 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 (NYSE:WMT) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $161.50 billion for 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 firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 earnings per share. As a group, analysts predict that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Walmart from $62.00 to $63.33 and gave the company a “buy” rating in a research report on Friday, February 16th. Barclays boosted their price target on shares of Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Jefferies Financial Group boosted their price target on shares of Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Finally, TD Cowen boosted their price target on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $69.94.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the sale, the insider now owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the sale, the insider now owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 1,250,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $66.11, for a total transaction of $82,637,500.00. Following the completion of the sale, the insider now directly owns 640,532,611 shares in the company, valued at approximately $42,345,610,913.21. The disclosure for this sale can be found here. Insiders have sold 14,493,971 shares of company stock valued at $950,549,592 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Walmart 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.