Silvercrest Asset Management Group LLC Has $5.65 Million Holdings in Walmart Inc. (NYSE:WMT)

Silvercrest Asset Management Group LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 180.7% in the first quarter, Holdings Channel reports. The firm owned 93,833 shares of the retailer’s stock after buying an additional 60,408 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Walmart were worth $5,646,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AHL Investment Management Inc. raised its stake in shares of Walmart by 192.1% during the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after purchasing an additional 15,785 shares in the last quarter. Valley Brook Capital Group Inc. raised its stake in shares of Walmart by 4.2% in the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after acquiring an additional 315 shares in the last quarter. Core Wealth Advisors Inc. raised its stake in shares of Walmart by 38.9% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after acquiring an additional 420 shares in the last quarter. Liberty Wealth Management LLC bought a new position in shares of Walmart in the 1st quarter valued at approximately $270,000. Finally, Commerce Bank raised its stake in shares of Walmart by 189.4% in the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after acquiring an additional 600,521 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the completion of the sale, the director now directly owns 144,807 shares of the company’s stock, valued at approximately $9,386,389.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.23, for a total value of $1,899,758.52. Following the completion of the transaction, the chief executive officer now directly owns 3,989,526 shares of the company’s stock, valued at approximately $260,236,780.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the completion of the transaction, the director now owns 144,807 shares in the company, valued at approximately $9,386,389.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,540,863 shares of company stock valued at $954,424,817. Insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WMT shares. Jefferies Financial Group raised their price objective on Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Truist Financial lifted their price objective on Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Barclays lifted their price objective on Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Robert W. Baird lifted their price objective on Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Finally, The Goldman Sachs Group lifted their price objective on Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $71.60.

Walmart Stock Performance

Shares of WMT traded down $0.42 during mid-day trading on Tuesday, reaching $69.20. The company’s stock had a trading volume of 6,166,113 shares, compared to its average volume of 17,251,959. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $71.33. The stock has a market cap of $556.61 billion, a P/E ratio of 29.84, a PEG ratio of 4.02 and a beta of 0.50. The business has a 50-day simple moving average of $67.92 and a two-hundred day simple moving average of $61.98. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same period last year, the firm posted $0.49 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

About Walmart

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.