Walmart Inc. (NYSE:WMT) Shares Purchased by Sendero Wealth Management LLC

Sendero Wealth Management LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 234.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 4,356 shares of the retailer’s stock after buying an additional 3,053 shares during the period. Sendero Wealth Management LLC’s holdings in Walmart were worth $262,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Flynn Zito Capital Management LLC grew its stake in shares of Walmart by 3.9% in the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after purchasing an additional 61 shares during the last quarter. ICW Investment Advisors LLC grew its stake in shares of Walmart by 0.4% in the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after purchasing an additional 62 shares during the last quarter. Bill Few Associates Inc. grew its stake in shares of Walmart by 1.1% in the 4th quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after purchasing an additional 64 shares during the last quarter. Gateway Advisory LLC grew its stake in shares of Walmart by 4.1% in the 3rd quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock worth $263,000 after purchasing an additional 65 shares during the last quarter. Finally, Rossmore Private Capital boosted its holdings in shares of Walmart by 0.3% in the fourth quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the sale, the insider now owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The sale 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 business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $60.26, for a total value of $180,780.00. Following the sale, the executive vice president now owns 524,613 shares in the company, valued at approximately $31,613,179.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the completion of the sale, the insider now owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The disclosure for this sale can be found here. Insiders have sold 14,502,762 shares of company stock valued at $951,475,618 in the last 90 days. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Down 0.2 %

Shares of WMT stock opened at $67.74 on Friday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $69.04. The firm’s fifty day simple moving average is $64.07 and its 200 day simple moving average is $59.29. The firm has a market capitalization of $544.87 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52. 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 (NYSE:WMT) last announced its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. Walmart’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. As a group, sell-side analysts predict that Walmart Inc. will post 2.42 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on WMT. Roth Mkm raised their target price on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, May 17th. KeyCorp raised their target price on shares of Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Oppenheimer raised their target price on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Bank of America raised their target price on shares of Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Finally, Barclays raised their price target on shares of Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average price target of $69.97.

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.