Meadow Creek Wealth Advisors LLC Acquires 313 Shares of Walmart Inc. (NYSE:WMT)

Meadow Creek Wealth Advisors LLC raised its holdings in shares of Walmart Inc. (NYSE:WMTGet Rating) by 4.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 8,148 shares of the retailer’s stock after acquiring an additional 313 shares during the quarter. Walmart accounts for about 1.3% of Meadow Creek Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Meadow Creek Wealth Advisors LLC’s holdings in Walmart were worth $1,213,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of Walmart by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 24,239,022 shares of the retailer’s stock valued at $3,496,676,000 after purchasing an additional 201,552 shares during the period. Norges Bank purchased a new position in shares of Walmart in the fourth quarter valued at $2,925,852,000. Nuveen Asset Management LLC boosted its stake in shares of Walmart by 8.0% in the fourth quarter. Nuveen Asset Management LLC now owns 10,881,290 shares of the retailer’s stock valued at $1,574,414,000 after purchasing an additional 801,954 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Walmart by 5.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,601,132 shares of the retailer’s stock valued at $1,533,877,000 after purchasing an additional 584,227 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Walmart by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,526,788 shares of the retailer’s stock valued at $1,523,024,000 after purchasing an additional 341,661 shares during the period. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $125.61, for a total value of $1,219,421.88. Following the completion of the transaction, the chief executive officer now owns 1,526,864 shares in the company, valued at approximately $191,789,387.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 48.44% of the company’s stock.

Shares of WMT opened at $120.69 on Thursday. The firm has a 50-day moving average price of $137.13 and a 200 day moving average price of $140.46. The firm has a market capitalization of $330.83 billion, a PE ratio of 25.95, a P/E/G ratio of 3.47 and a beta of 0.50. The company has a quick ratio of 0.23, a current ratio of 0.86 and a debt-to-equity ratio of 0.43. Walmart Inc. has a 52-week low of $117.27 and a 52-week high of $160.77.

Walmart (NYSE:WMTGet Rating) last announced its earnings results on Tuesday, May 17th. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.18). The company had revenue of $141.60 billion during the quarter, compared to the consensus estimate of $138.05 billion. Walmart had a net margin of 2.26% and a return on equity of 19.05%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.69 EPS. On average, equities analysts expect that Walmart Inc. will post 6.4 EPS for the current year.

Several research analysts have recently weighed in on WMT shares. Wells Fargo & Company decreased their target price on shares of Walmart from $165.00 to $150.00 and set a “na” rating for the company in a research note on Tuesday, May 17th. Stephens cut their price target on shares of Walmart to $160.00 and set an “underweight” rating on the stock in a report on Thursday, May 19th. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Monday, May 23rd. Bank of America cut their price target on shares of Walmart from $190.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, May 18th. Finally, JPMorgan Chase & Co. set a $134.00 price target on shares of Walmart in a report on Monday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $157.56.

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.

See Also

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMTGet Rating).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.