BerganKDV Wealth Management LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT – Get Rating) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,091 shares of the retailer’s stock after selling 249 shares during the period. BerganKDV Wealth Management LLC’s holdings in Walmart were worth $3,141,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the business. Wealthspire Advisors LLC boosted its stake in shares of Walmart by 1.1% during the first quarter. Wealthspire Advisors LLC now owns 18,137 shares of the retailer’s stock worth $2,701,000 after buying an additional 198 shares during the period. Cypress Capital LLC acquired a new stake in shares of Walmart during the first quarter worth about $204,000. Teacher Retirement System of Texas lifted its position in Walmart by 3.1% in the first quarter. Teacher Retirement System of Texas now owns 798,137 shares of the retailer’s stock valued at $118,859,000 after purchasing an additional 24,235 shares during the period. Wealthsource Partners LLC lifted its position in Walmart by 19.0% in the first quarter. Wealthsource Partners LLC now owns 9,813 shares of the retailer’s stock valued at $1,461,000 after purchasing an additional 1,565 shares during the period. Finally, MONECO Advisors LLC acquired a new stake in Walmart in the first quarter valued at about $207,000. Institutional investors and hedge funds own 30.79% of the company’s stock.
Insider Activity at Walmart
In related news, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $127.05, for a total transaction of $1,233,401.40. Following the sale, the chief executive officer now owns 1,507,454 shares of the company’s stock, valued at approximately $191,522,030.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 29,124 shares of company stock worth $3,638,461. 47.06% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Walmart Trading Up 0.8 %
Shares of WMT traded up $1.01 during mid-day trading on Friday, reaching $126.58. The company had a trading volume of 10,668,955 shares, compared to its average volume of 8,804,530. The stock has a market cap of $346.97 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 4.02 and a beta of 0.53. The firm has a fifty day simple moving average of $125.33 and a 200-day simple moving average of $137.04. Walmart Inc. has a fifty-two week low of $117.27 and a fifty-two week high of $160.77. The company has a current ratio of 0.86, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43.
Walmart (NYSE:WMT – Get Rating) last posted its earnings results on Tuesday, May 17th. The retailer reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.18). The business had revenue of $141.60 billion for the quarter, compared to analyst estimates of $138.05 billion. Walmart had a net margin of 2.26% and a return on equity of 19.05%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.69 EPS. On average, sell-side analysts anticipate that Walmart Inc. will post 5.68 EPS for the current fiscal year.
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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