Walmart Inc. (NYSE:WMT) Shares Acquired by Red Door Wealth Management LLC

Red Door Wealth Management LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMTGet Rating) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,343 shares of the retailer’s stock after buying an additional 1,866 shares during the quarter. Walmart makes up approximately 1.2% of Red Door Wealth Management LLC’s investment portfolio, making the stock its 29th largest position. Red Door Wealth Management LLC’s holdings in Walmart were worth $3,666,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Eagle Capital Management LLC increased its position in shares of Walmart by 2.3% during the second quarter. Eagle Capital Management LLC now owns 30,602 shares of the retailer’s stock worth $4,315,000 after purchasing an additional 682 shares in the last quarter. Morgan Stanley increased its position in shares of Walmart by 1.6% during the second quarter. Morgan Stanley now owns 14,109,245 shares of the retailer’s stock worth $1,989,686,000 after purchasing an additional 225,224 shares in the last quarter. Keudell Morrison Wealth Management increased its position in shares of Walmart by 4.1% during the third quarter. Keudell Morrison Wealth Management now owns 4,596 shares of the retailer’s stock worth $641,000 after purchasing an additional 183 shares in the last quarter. Center for Financial Planning Inc. increased its position in shares of Walmart by 5.7% during the third quarter. Center for Financial Planning Inc. now owns 2,190 shares of the retailer’s stock worth $305,000 after purchasing an additional 118 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its position in shares of Walmart by 5.7% during the third quarter. Nations Financial Group Inc. IA ADV now owns 12,823 shares of the retailer’s stock worth $1,787,000 after purchasing an additional 694 shares in the last quarter. 30.79% of the stock is owned by institutional investors and hedge funds.

In related news, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $125.61, for a total transaction of $1,219,421.88. Following the transaction, the chief executive officer now owns 1,526,864 shares in the company, valued at approximately $191,789,387.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Judith J. Mckenna sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $142.66, for a total value of $2,139,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,411,690 shares of company stock worth $193,232,388 in the last 90 days. 48.44% of the stock is currently owned by company insiders.

Several brokerages recently commented on WMT. Citigroup dropped their price target on Walmart from $171.00 to $166.00 and set a “buy” rating for the company in a research report on Wednesday, May 18th. Exane BNP Paribas upgraded Walmart from an “underperform” rating to a “neutral” rating in a report on Friday, February 11th. Raymond James dropped their target price on Walmart from $165.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, May 18th. Gordon Haskett dropped their target price on Walmart from $140.00 to $135.00 and set a “hold” rating for the company in a report on Wednesday, May 18th. Finally, JPMorgan Chase & Co. dropped their target price on Walmart from $141.00 to $134.00 and set a “neutral” rating for the company in a report on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $157.57.

Shares of WMT traded up $2.48 during mid-day trading on Friday, reaching $128.48. The company’s stock had a trading volume of 8,427,592 shares, compared to its average volume of 8,985,089. Walmart Inc. has a 12-month low of $117.27 and a 12-month high of $160.77. The stock has a market cap of $353.68 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 3.38 and a beta of 0.49. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.86 and a quick ratio of 0.28. The company’s 50 day moving average is $146.90 and its 200 day moving average is $143.08.

Walmart (NYSE:WMTGet Rating) last released its quarterly earnings data on Tuesday, May 17th. The retailer reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.18). Walmart had a net margin of 2.26% and a return on equity of 19.05%. The business had revenue of $141.60 billion during the quarter, compared to analysts’ expectations of $138.05 billion. During the same quarter in the previous year, the company posted $1.69 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walmart Inc. will post 6.4 EPS for the current fiscal year.

About Walmart (Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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