Huber Capital Management LLC Has $271,000 Position in Walmart Inc. (NYSE:WMT)

Huber Capital Management LLC grew its holdings in Walmart Inc. (NYSE:WMT) by 200.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,500 shares of the retailer’s stock after purchasing an additional 3,000 shares during the quarter. Huber Capital Management LLC’s holdings in Walmart were worth $271,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of WMT. EntryPoint Capital LLC bought a new stake in shares of Walmart during the first quarter worth $25,000. Northwest Capital Management Inc raised its position in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares during the last quarter. Partnership Wealth Management LLC bought a new stake in shares of Walmart during the fourth quarter worth $30,000. Able Wealth Management LLC bought a new stake in shares of Walmart during the fourth quarter worth $30,000. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in shares of Walmart during the fourth quarter worth $32,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada boosted their target price on Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Truist Financial upped their price objective on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a report on Friday, May 17th. Oppenheimer upped their price objective on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. 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. Finally, Piper Sandler assumed coverage on Walmart in a report on Wednesday, July 10th. They issued an “overweight” rating and a $81.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.60.

Walmart Stock Down 0.3 %

NYSE WMT traded down $0.24 during trading hours on Friday, hitting $69.78. 16,789,306 shares of the company traded hands, compared to its average volume of 12,217,879. The business’s 50-day moving average is $67.81 and its 200-day moving average is $61.81. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $71.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The stock has a market capitalization of $561.28 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 4.04 and a beta of 0.50.

Walmart (NYSE:WMT) last issued its quarterly 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. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Sell-side analysts anticipate that Walmart Inc. will post 2.43 earnings per share for the current year.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the firm’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 completion of the sale, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director S Robson Walton sold 3,540,250 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $64.55, for a total value of $228,523,137.50. Following the completion of the sale, the director now directly owns 648,504,011 shares of the company’s stock, valued at $41,860,933,910.05. The transaction was disclosed in a legal filing 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 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 sale, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,540,863 shares of company stock valued at $954,424,817. 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.