Ceeto Capital Group LLC Has $3.24 Million Stake in Walmart Inc. (NYSE:WMT)

Ceeto Capital Group LLC grew its stake in Walmart Inc. (NYSE:WMT) by 200.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,700 shares of the retailer’s stock after purchasing an additional 35,800 shares during the period. Walmart comprises about 1.3% of Ceeto Capital Group LLC’s investment portfolio, making the stock its 11th biggest position. Ceeto Capital Group LLC’s holdings in Walmart were worth $3,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after acquiring an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after acquiring an additional 36,625,314 shares during the period. Norges Bank bought a new position in shares of Walmart during the 4th quarter worth about $3,674,652,000. Bank of New York Mellon Corp lifted its holdings in shares of Walmart by 183.0% during 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 acquiring an additional 18,865,484 shares during the period. Finally, Raymond James & Associates lifted 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 acquiring an additional 9,544,958 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Down 0.3 %

Shares of NYSE:WMT traded down $0.24 during trading on Friday, hitting $69.78. 16,789,306 shares of the company’s stock were exchanged, compared to its average volume of 12,217,879. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $71.33. The firm has a 50-day moving average price of $67.81 and a two-hundred day moving average price of $61.87. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The firm has a market cap of $561.28 billion, a P/E ratio of 29.86, a PEG ratio of 4.02 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, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $159.57 billion. During the same quarter in the previous year, the company earned $0.49 EPS. Walmart’s revenue was up 6.0% on a year-over-year basis. Equities analysts predict that Walmart Inc. will post 2.43 earnings per share for the current year.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $65.23, for a total transaction of $1,899,758.52. Following the completion of the transaction, the chief executive officer now owns 3,989,526 shares in the company, valued at $260,236,780.98. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.60, for a total transaction of $926,625.00. Following the completion of the transaction, the executive vice president now owns 632,415 shares in the company, valued at $44,648,499. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $65.23, for a total transaction of $1,899,758.52. Following the transaction, the chief executive officer now owns 3,989,526 shares of the company’s stock, valued at approximately $260,236,780.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,540,863 shares of company stock worth $954,424,817. 45.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of analyst reports. DA Davidson raised their price objective on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Saturday. Royal Bank of Canada lifted their price target on shares of Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Bank of America lifted their price target on shares of Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Morgan Stanley lifted their price target on shares of Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.60.

Walmart 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.