Transform Wealth LLC Buys 171,631 Shares of Walmart Inc. (NYSE:WMT)

Transform Wealth LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 11,877.6% during the first quarter, Holdings Channel reports. The fund owned 173,076 shares of the retailer’s stock after purchasing an additional 171,631 shares during the period. Transform Wealth LLC’s holdings in Walmart were worth $10,448,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Flynn Zito Capital Management LLC grew its holdings in shares of Walmart by 3.9% in the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after purchasing an additional 61 shares during the last quarter. ICW Investment Advisors LLC increased its position in shares of Walmart by 0.4% during the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after acquiring an additional 62 shares during the period. Bill Few Associates Inc. boosted its holdings in shares of Walmart by 1.1% in the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after purchasing an additional 64 shares during the period. Gateway Advisory LLC grew its stake in Walmart by 4.1% in the third quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock worth $263,000 after purchasing an additional 65 shares in the last quarter. Finally, Rossmore Private Capital grew its stake in Walmart by 0.3% in the fourth quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after purchasing an additional 65 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Price Performance

WMT stock traded down $0.32 during trading on Friday, hitting $67.56. The stock had a trading volume of 4,525,463 shares, compared to its average volume of 17,969,111. 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 twelve month low of $49.85 and a twelve month high of $69.04. The stock has a market capitalization of $543.42 billion, a P/E ratio of 29.03, a PEG ratio of 3.94 and a beta of 0.52. The company’s 50-day moving average price is $63.74 and its two-hundred day moving average price is $59.11.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. The business 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%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS. As a group, research analysts predict that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the topic of several research analyst reports. Morgan Stanley increased their price objective on Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Roth Mkm increased their target price on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, May 17th. BMO Capital Markets increased their target price on Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. UBS Group increased their target price on Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Finally, Tigress Financial increased their target price on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.97.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the sale, the executive vice president now owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the sale, the executive vice president now owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $66.85, for a total value of $877,406.25. Following the sale, the executive vice president now directly owns 658,665 shares in the company, valued at approximately $44,031,755.25. The disclosure for this sale can be found here. Insiders have sold a total of 14,451,722 shares of company stock worth $947,990,915 in the last ninety days. Insiders own 45.58% of the company’s stock.

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.