Walmart Inc. (NYSE:WMT) Holdings Lifted by InterOcean Capital Group LLC

InterOcean Capital Group LLC raised its position in Walmart Inc. (NYSE:WMT) by 211.0% during the first quarter, Holdings Channel.com reports. The firm owned 1,710,257 shares of the retailer’s stock after buying an additional 1,160,354 shares during the period. Walmart accounts for about 2.5% of InterOcean Capital Group LLC’s holdings, making the stock its 10th largest holding. InterOcean Capital Group LLC’s holdings in Walmart were worth $102,906,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flynn Zito Capital Management LLC increased its stake in shares of Walmart by 3.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after acquiring an additional 61 shares during the last quarter. ICW Investment Advisors LLC increased its stake in shares of Walmart by 0.4% during the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after acquiring an additional 62 shares during the last quarter. Rossmore Private Capital increased its stake in shares of Walmart by 0.3% during the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock valued at $3,232,000 after acquiring an additional 65 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in shares of Walmart by 0.3% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock valued at $3,370,000 after acquiring an additional 65 shares during the last quarter. Finally, Avion Wealth increased its stake in shares of Walmart by 7.2% during the 4th quarter. Avion Wealth now owns 1,014 shares of the retailer’s stock valued at $160,000 after acquiring an additional 68 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of NYSE WMT opened at $70.20 on Friday. The firm has a market capitalization of $564.66 billion, a PE ratio of 30.04, a P/E/G ratio of 4.07 and a beta of 0.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $71.33. The business’s fifty day moving average price is $67.71 and its two-hundred day moving average price is $61.63.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $161.50 billion for 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 company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. On average, research analysts expect that Walmart Inc. will post 2.43 EPS for the current year.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 2,398 shares of Walmart stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the transaction, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP John D. Rainey sold 25,578 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the transaction, the executive vice president now owns 390,165 shares in the company, valued at approximately $26,367,350.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 2,398 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the transaction, the executive vice president now owns 463,871 shares of the company’s stock, valued at approximately $32,239,034.50. The disclosure for this sale can be found here. Insiders have sold a total of 14,498,614 shares of company stock valued at $951,441,747 over the last three months. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. HSBC upped their price objective on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Jefferies Financial Group increased their target price on shares of Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. JPMorgan Chase & Co. raised shares of Walmart from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $66.00 to $81.00 in a research report on Monday, June 10th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 19th. Finally, Truist Financial increased their target price on shares of Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a research report on Friday, May 17th. Three research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $71.60.

Walmart Company 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.