Boltwood Capital Management Purchases 14,634 Shares of Walmart Inc. (NYSE:WMT)

Boltwood Capital Management boosted its position in Walmart Inc. (NYSE:WMTFree Report) by 197.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,041 shares of the retailer’s stock after acquiring an additional 14,634 shares during the period. Boltwood Capital Management’s holdings in Walmart were worth $1,326,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Partnership Wealth Management LLC bought a new stake in Walmart in the 4th quarter worth $30,000. Able Wealth Management LLC purchased a new stake in shares of Walmart in the 4th quarter worth about $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Walmart in the 4th quarter worth about $32,000. Signature Resources Capital Management LLC purchased a new stake in shares of Walmart in the 4th quarter worth about $35,000. Finally, Tidemark LLC purchased a new stake in shares of Walmart in the 4th quarter worth about $37,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WMT shares. Evercore ISI lifted their price target on shares of Walmart from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. The Goldman Sachs Group raised their price objective on shares of Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 17th. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 20th. Barclays lifted their price target on shares of Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Finally, Tigress Financial lifted their price target on shares of Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, Walmart has an average rating of “Moderate Buy” and an average price target of $69.94.

Check Out Our Latest Stock Analysis on WMT

Walmart Price Performance

Shares of WMT stock traded up $0.18 during mid-day trading on Wednesday, hitting $67.60. The company had a trading volume of 12,093,549 shares, compared to its average volume of 14,152,189. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $67.87. The stock’s 50 day moving average price is $62.78 and its 200-day moving average price is $58.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The company has a market capitalization of $543.74 billion, a P/E ratio of 28.93, a P/E/G ratio of 3.89 and a beta of 0.52.

Walmart (NYSE:WMTGet Free Report) last released its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities research analysts forecast that Walmart Inc. will post 2.42 earnings per share for the current year.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $66.85, for a total value of $877,406.25. Following the transaction, the executive vice president now owns 658,665 shares of the company’s stock, valued at $44,031,755.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $66.85, for a total transaction of $877,406.25. Following the sale, the executive vice president now owns 658,665 shares of the company’s stock, valued at $44,031,755.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $60.45, for a total transaction of $1,760,545.80. Following the sale, the chief executive officer now directly owns 4,047,767 shares in the company, valued at approximately $244,687,515.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,493,971 shares of company stock valued at $950,549,592. 45.58% of the stock is currently owned by corporate insiders.

Walmart Company 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

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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