Conservest Capital Advisors Inc. Buys 2,948 Shares of Walmart Inc. (NYSE:WMT)

Conservest Capital Advisors Inc. lifted its position in Walmart Inc. (NYSE:WMTFree Report) by 200.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,417 shares of the retailer’s stock after purchasing an additional 2,948 shares during the period. Conservest Capital Advisors Inc.’s holdings in Walmart were worth $266,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Summit Financial Wealth Advisors LLC lifted its position in shares of Walmart by 200.9% during the first quarter. Summit Financial Wealth Advisors LLC now owns 23,536 shares of the retailer’s stock valued at $1,416,000 after buying an additional 15,714 shares during the last quarter. Centerpoint Advisors LLC boosted its stake in Walmart by 200.0% in the first quarter. Centerpoint Advisors LLC now owns 6,375 shares of the retailer’s stock valued at $384,000 after acquiring an additional 4,250 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC grew its stake in Walmart by 151.2% during the 1st quarter. Baron Silver Stevens Financial Advisors LLC now owns 6,363 shares of the retailer’s stock valued at $383,000 after purchasing an additional 3,830 shares during the last quarter. FinTrust Capital Advisors LLC raised its stake in shares of Walmart by 206.0% in the first quarter. FinTrust Capital Advisors LLC now owns 30,292 shares of the retailer’s stock worth $1,823,000 after purchasing an additional 20,394 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Walmart by 151.5% in the first quarter. Daiwa Securities Group Inc. now owns 525,668 shares of the retailer’s stock valued at $31,630,000 after buying an additional 316,624 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 25,578 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the transaction, the executive vice president now directly owns 390,165 shares in the company, valued at $26,367,350.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the sale, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction on Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the transaction, the executive vice president now owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,525,340 shares of company stock worth $953,023,399. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. UBS Group lifted their price objective on shares of Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Walmart from $71.00 to $77.00 and gave the company a “buy” rating in a report on Monday, July 1st. Roth Mkm boosted their price objective on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a report on Friday, May 17th. Jefferies Financial Group raised their target price on Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, BMO Capital Markets boosted their price target on Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average price target of $70.47.

Check Out Our Latest Analysis on WMT

Walmart Stock Performance

Shares of Walmart stock opened at $69.90 on Wednesday. The business’s fifty day simple moving average is $65.33 and its 200-day simple moving average is $60.26. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The firm has a market cap of $562.24 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 4.02 and a beta of 0.50. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $70.25.

Walmart (NYSE:WMTGet Free Report) last announced its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. During the same quarter last year, the firm posted $0.49 earnings per share. Walmart’s revenue was up 6.0% compared to the same quarter last year. Equities analysts forecast that Walmart Inc. will post 2.43 earnings per share for the current year.

Walmart Profile

(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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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