Oxford Financial Group LTD. LLC Acquires 10,285 Shares of Walmart Inc. (NYSE:WMT)

Oxford Financial Group LTD. LLC raised its stake in Walmart Inc. (NYSE:WMT) by 207.3% during the first quarter, Holdings Channel reports. The fund owned 15,246 shares of the retailer’s stock after buying an additional 10,285 shares during the period. Oxford Financial Group LTD. LLC’s holdings in Walmart were worth $917,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flynn Zito Capital Management LLC lifted 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 buying an additional 61 shares in the last quarter. ICW Investment Advisors LLC lifted 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 buying an additional 62 shares in the last quarter. Bill Few Associates Inc. lifted its stake in shares of Walmart by 1.1% during the 4th quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after buying an additional 64 shares in the last quarter. Rossmore Private Capital lifted 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 buying an additional 65 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC lifted 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 buying an additional 65 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on WMT shares. Telsey Advisory Group upped their target price on shares of Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. UBS Group increased their price target on shares of Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. DA Davidson increased their target price on shares of Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Raymond James increased their price target on shares of Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Finally, Robert W. Baird increased their price target on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.60.

Walmart Price Performance

Walmart stock traded down $0.54 during mid-day trading on Thursday, reaching $70.06. 11,841,871 shares of the company’s stock traded hands, compared to its average volume of 17,332,986. The company has a market cap of $563.53 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 4.07 and a beta of 0.50. The stock has a 50 day moving average of $67.59 and a two-hundred day moving average of $61.57. 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 Inc. has a 12-month low of $49.85 and a 12-month high of $71.33.

Walmart (NYSE:WMT) last released its quarterly earnings results 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 net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. Walmart’s revenue was up 6.0% on a year-over-year basis. Equities analysts forecast that Walmart Inc. will post 2.43 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 2,398 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the transaction, the executive vice president now owns 463,871 shares of the company’s stock, valued at approximately $32,239,034.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total value of $177,240.00. Following the sale, the executive vice president now directly owns 521,613 shares in the company, valued at approximately $30,816,896.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 2,398 shares of Walmart stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the sale, the executive vice president now owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The disclosure for this sale can be found here. Insiders have sold 14,498,614 shares of company stock valued at $951,441,747 in the last 90 days. Company 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.