602 Shares in Walmart Inc. (NYSE:WMT) Acquired by Fairman Group LLC

Fairman Group LLC bought a new position in Walmart Inc. (NYSE:WMT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 602 shares of the retailer’s stock, valued at approximately $95,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Partnership Wealth Management LLC acquired a new position in shares of Walmart during the fourth quarter worth approximately $30,000. Able Wealth Management LLC acquired a new position in shares of Walmart during the fourth quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Walmart during the fourth quarter worth approximately $32,000. Signature Resources Capital Management LLC acquired a new position in shares of Walmart during the fourth quarter worth approximately $35,000. Finally, Tidemark LLC acquired a new position in shares of Walmart during the fourth quarter worth approximately $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walmart

In related news, Director Timothy Patrick Flynn sold 30,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total value of $1,944,600.00. Following the completion of the sale, the director now directly owns 144,807 shares in the company, valued at approximately $9,386,389.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $60.81, for a total transaction of $798,131.25. Following the completion of the sale, the executive vice president now directly owns 645,517 shares in the company, valued at approximately $39,253,888.77. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total value of $1,944,600.00. Following the sale, the director now owns 144,807 shares of the company’s stock, valued at $9,386,389.74. The disclosure for this sale can be found here. Insiders sold 14,493,971 shares of company stock worth $950,549,592 in the last ninety days. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of WMT traded up $0.20 during mid-day trading on Tuesday, reaching $67.62. The company’s stock had a trading volume of 879,868 shares, compared to its average volume of 18,055,469. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $67.86. The stock has a market cap of $543.90 billion, a P/E ratio of 28.81, a PEG ratio of 3.87 and a beta of 0.51. The business has a 50-day simple moving average of $62.62 and a two-hundred day simple moving average of $58.34. 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 2.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research reports. HSBC boosted their price objective on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Morgan Stanley boosted their price objective on Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Citigroup upped their price target on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 20th. Finally, JPMorgan Chase & Co. upgraded Walmart from a “neutral” rating to an “overweight” rating and upped their price target for the company from $66.00 to $81.00 in a research report on Monday, June 10th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.94.

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.