Crewe Advisors LLC Acquires Shares of 7,705 Walmart Inc. (NYSE:WMT)

Crewe Advisors LLC purchased a new stake in Walmart Inc. (NYSE:WMT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,705 shares of the retailer’s stock, valued at approximately $464,000.

Several other institutional investors and hedge funds have also recently modified their holdings of WMT. Vanguard Group Inc. boosted its holdings in Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Walmart by 183.0% in the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after buying an additional 18,865,484 shares during the last quarter. Norges Bank acquired a new stake in Walmart in the 4th quarter worth about $3,674,652,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Walmart by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock worth $3,190,194,000 after purchasing an additional 2,150,351 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Walmart by 212.6% during the 1st quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock worth $844,514,000 after purchasing an additional 9,544,958 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,398 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the transaction, the executive vice president now owns 463,871 shares in the company, valued at $32,239,034.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total value of $177,240.00. Following the completion of the transaction, the executive vice president now owns 521,613 shares in the company, valued at $30,816,896.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,398 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the sale, the executive vice president now owns 463,871 shares of the company’s stock, valued at approximately $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 over the last quarter. 45.58% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. The Goldman Sachs Group boosted their target price on Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 17th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, July 19th. BMO Capital Markets upped their price objective on Walmart from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday. Tigress Financial upped their price objective on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Walmart from $71.00 to $77.00 and gave the company a “buy” rating in a report on Monday, July 1st. Three research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $71.60.

Walmart Stock Down 0.9 %

NYSE:WMT traded down $0.65 during trading hours on Friday, hitting $69.37. The company’s stock had a trading volume of 4,198,633 shares, compared to its average volume of 17,285,344. The stock has a market capitalization of $557.98 billion, a P/E ratio of 30.04, a price-to-earnings-growth ratio of 4.07 and a beta of 0.50. The stock has a fifty day moving average of $67.71 and a 200-day moving average of $61.63. 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 Inc. has a 52-week low of $49.85 and a 52-week high of $71.33.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. The firm had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. Walmart’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.49 earnings per share. On average, equities analysts forecast that Walmart Inc. will post 2.43 earnings per share for the current 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.