Seed Wealth Management Inc. Increases Stock Holdings in Walmart Inc. (NYSE:WMT)

Seed Wealth Management Inc. boosted its holdings in Walmart Inc. (NYSE:WMT) by 183.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,290 shares of the retailer’s stock after purchasing an additional 4,715 shares during the quarter. Seed Wealth Management Inc.’s holdings in Walmart were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in WMT. Norges Bank acquired a new stake in shares of Walmart in the fourth quarter worth approximately $3,674,652,000. BlueSpruce Investments LP purchased a new position in Walmart during the fourth quarter worth approximately $568,419,000. International Assets Investment Management LLC boosted its holdings in shares of Walmart by 15,371.4% in the 4th quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock valued at $553,545,000 after purchasing an additional 3,488,530 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Walmart by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock valued at $3,190,194,000 after buying an additional 2,150,351 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Walmart by 207.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,279,715 shares of the retailer’s stock valued at $137,170,000 after buying an additional 1,537,828 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Performance

Shares of WMT stock opened at $67.88 on Friday. The stock has a market capitalization of $546.00 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 3.94 and a beta of 0.52. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04. The company’s 50-day simple moving average is $63.74 and its 200-day simple moving average is $59.11. 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 announced its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. The firm had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. Walmart’s revenue for the quarter 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. Equities analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the sale, the chief executive officer now owns 4,018,650 shares in the company, valued at $241,239,559.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $60.26, for a total transaction of $180,780.00. Following the completion of the transaction, the executive vice president now owns 524,613 shares in the company, valued at approximately $31,613,179.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the transaction, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The disclosure for this sale can be found here. Insiders have sold 14,451,722 shares of company stock worth $947,990,915 over the last ninety days. 45.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WMT. Oppenheimer lifted their target price on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. The Goldman Sachs Group lifted their price objective on Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 17th. KeyCorp increased their target price on shares of Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Citigroup lifted their price target on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, Roth Mkm increased their price objective on shares of Walmart from $69.00 to $71.00 and gave the stock 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $69.97.

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.