Shulman DeMeo Asset Management LLC Raises Stock Holdings in Walmart Inc. (NYSE:WMT)

Shulman DeMeo Asset Management LLC lifted its position in Walmart Inc. (NYSE:WMT) by 200.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 19,642 shares of the retailer’s stock after acquiring an additional 13,104 shares during the period. Walmart makes up 0.3% of Shulman DeMeo Asset Management LLC’s investment portfolio, making the stock its 26th largest position. Shulman DeMeo Asset Management LLC’s holdings in Walmart were worth $1,182,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Walmart in the fourth quarter worth $3,674,652,000. BlueSpruce Investments LP acquired a new position in shares of Walmart during the 4th quarter valued at about $568,419,000. International Assets Investment Management LLC lifted its holdings in 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 worth $553,545,000 after purchasing an additional 3,488,530 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Walmart by 11.9% in the fourth 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 purchasing an additional 2,150,351 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Walmart by 207.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,279,715 shares of the retailer’s stock worth $137,170,000 after buying an additional 1,537,828 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. UBS Group boosted their price objective on Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. KeyCorp upped their price target on Walmart from $63.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Barclays raised their price objective on shares of Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Evercore ISI lifted their price target on Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Finally, JPMorgan Chase & Co. raised shares of Walmart from a “neutral” rating to an “overweight” rating and raised their price target for the company from $66.00 to $81.00 in a report on Monday, June 10th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat, Walmart has an average rating of “Moderate Buy” and an average price target of $69.97.

Walmart Trading Up 0.1 %

Shares of WMT stock opened at $67.96 on Friday. The company has a 50 day moving average of $63.74 and a 200-day moving average of $59.11. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $69.04. The firm has a market cap of $546.64 billion, a P/E ratio of 29.05, a PEG ratio of 3.94 and a beta of 0.52. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same quarter last year, the company earned $0.49 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. Sell-side analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current year.

Insider Buying and Selling at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $60.26, for a total value of $180,780.00. Following the sale, the executive vice president now owns 524,613 shares in the company, valued at $31,613,179.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated 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 directly owns 4,018,650 shares in the company, valued at $241,239,559.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the firm’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 value of $180,780.00. Following the transaction, the executive vice president now owns 524,613 shares in the company, valued at $31,613,179.38. The disclosure for this sale can be found here. Insiders sold a total of 14,451,722 shares of company stock valued at $947,990,915 in the last three months. Company insiders own 45.58% of the company’s stock.

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.