Cwm LLC Has $55.94 Million Stake in Walmart Inc. (NYSE:WMT)

Cwm LLC raised its holdings in Walmart Inc. (NYSE:WMTFree Report) by 200.9% in the first quarter, Holdings Channel reports. The fund owned 929,738 shares of the retailer’s stock after acquiring an additional 620,720 shares during the period. Cwm LLC’s holdings in Walmart were worth $55,942,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Seven Mile Advisory increased its position in shares of Walmart by 1.6% during the third quarter. Seven Mile Advisory now owns 3,953 shares of the retailer’s stock valued at $632,000 after buying an additional 61 shares during the period. Flynn Zito Capital Management LLC increased its position in shares of Walmart by 3.9% during the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after buying an additional 61 shares during the period. ICW Investment Advisors LLC increased its position in shares of Walmart by 0.4% during the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after buying an additional 62 shares during the period. Bill Few Associates Inc. increased its position in shares of Walmart by 1.1% during the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after buying an additional 64 shares during the period. Finally, Gateway Advisory LLC increased its position in shares of Walmart by 4.1% during the third quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock valued at $263,000 after buying an additional 65 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Trading Up 0.3 %

Shares of NYSE:WMT traded up $0.18 during trading on Wednesday, reaching $67.60. 12,093,549 shares of the company traded hands, compared to its average volume of 14,152,189. The firm has a market capitalization of $543.74 billion, a price-to-earnings ratio of 28.93, a P/E/G ratio of 3.89 and a beta of 0.52. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $67.87. 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 business’s fifty day moving average is $62.78 and its 200-day moving average is $58.45.

Walmart (NYSE:WMTGet Free Report) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. As a group, analysts forecast that Walmart Inc. will post 2.42 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on WMT shares. TD Cowen upped their price target on Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. DA Davidson upped their price target on Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. UBS Group boosted their price objective on Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a report on Monday, May 20th. Finally, Bank of America boosted their price objective on Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Three investment 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.94.

Read Our Latest Stock Report on WMT

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the transaction, the executive vice president now owns 521,613 shares in the company, valued at $30,816,896.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the transaction, the executive vice president now owns 521,613 shares in the company, valued at $30,816,896.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $66.85, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 14,493,971 shares of company stock worth $950,549,592 over the last quarter. 45.58% of the stock is owned by corporate insiders.

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

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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