Walmart Inc. (NYSE:WMT) Shares Sold by Aveo Capital Partners LLC
Aveo Capital Partners LLC reduced its stake in Walmart Inc. (NYSE:WMT) by 37.1% in Q1, now holding 8,735 shares valued at $767,000. Other institutional investors also adjusted their positions, with Bear Mountain Capital increasing its stake by 98.2%. Insiders sold a total of 146,112 shares worth over $14 million in the last 90 days. Walmart's stock opened at $103.77, with a market cap of $828.13 billion and a PE ratio of 44.35. Analysts predict earnings per share of 2.55 for the current year, with several raising their price targets for the stock.
Aveo Capital Partners LLC decreased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 37.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,735 shares of the retailer's stock after selling 5,151 shares during the quarter. Aveo Capital Partners LLC's holdings in Walmart were worth $767,000 as of its most recent SEC filing.
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Other hedge funds and other institutional investors have also made changes to their positions in the company. Bear Mountain Capital Inc. grew its stake in Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after acquiring an additional 167 shares during the period. EQ Wealth Advisors LLC acquired a new stake in Walmart in the 1st quarter valued at $35,000. Lipe & Dalton grew its stake in Walmart by 95.2% in the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after acquiring an additional 200 shares during the period. Nexus Investment Management ULC acquired a new stake in Walmart in the 1st quarter valued at $49,000. Finally, Vega Investment Solutions acquired a new stake in Walmart in the 4th quarter valued at $54,000. Institutional investors and hedge funds own 26.76% of the company's stock.
Insiders Place Their Bets
In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Friday, June 20th. The stock was sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the transaction, the executive vice president owned 945,434 shares in the company, valued at approximately $90,619,848.90. The trade was a 1.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total value of $216,568.00. Following the completion of the transaction, the executive vice president owned 628,318 shares of the company's stock, valued at approximately $61,851,623.92. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,112 shares of company stock worth $14,080,073. 45.58% of the stock is owned by company insiders.
Walmart Price Performance
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Shares of NYSE:WMT opened at $103.77 on Friday. Walmart Inc. has a 1-year low of $67.14 and a 1-year high of $105.30. The firm has a market capitalization of $828.13 billion, a PE ratio of 44.35, a PEG ratio of 4.99 and a beta of 0.66. The business's 50 day moving average is $97.30 and its 200-day moving average is $95.38. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.
Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 EPS. Sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.
Analyst Ratings Changes
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WMT has been the topic of a number of research analyst reports. Robert W. Baird lifted their price target on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Telsey Advisory Group restated an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a report on Monday, June 9th. Citigroup restated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Tigress Financial raised their price objective on Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Evercore ISI raised their price objective on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. One research analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Walmart has an average rating of "Buy" and a consensus target price of $106.67.
Read Our Latest Stock Report on WMT
About Walmart
(Free Report)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.
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