Hudock Inc. Has $758,000 Position in Walmart Inc. (NYSE:WMT)

Hudock Inc. raised its stake in shares of Walmart Inc. (NYSE:WMTFree Report) by 201.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,595 shares of the retailer’s stock after purchasing an additional 8,410 shares during the quarter. Hudock Inc.’s holdings in Walmart were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in WMT. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new position in shares of Walmart in the 3rd quarter worth approximately $4,595,000. Banque Pictet & Cie SA boosted its stake in Walmart by 840.4% in the third quarter. Banque Pictet & Cie SA now owns 24,450 shares of the retailer’s stock worth $3,910,000 after purchasing an additional 21,850 shares in the last quarter. IMA Wealth Inc. increased its stake in shares of Walmart by 1.6% in the third quarter. IMA Wealth Inc. now owns 12,835 shares of the retailer’s stock valued at $2,053,000 after buying an additional 200 shares in the last quarter. Quantum Financial Advisors LLC raised its holdings in shares of Walmart by 46.0% in the third quarter. Quantum Financial Advisors LLC now owns 2,795 shares of the retailer’s stock valued at $447,000 after buying an additional 881 shares during the last quarter. Finally, Fidelity D & D Bancorp Inc. bought a new stake in shares of Walmart during the third quarter valued at approximately $340,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Performance

WMT stock opened at $69.90 on Wednesday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $70.25. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average price of $65.33 and a 200-day moving average price of $60.26. 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 (NYSE:WMTGet Free Report) last posted its quarterly 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 firm had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 EPS. As a group, equities research analysts expect that Walmart Inc. will post 2.43 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Timothy Patrick Flynn sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total value of $1,944,600.00. Following the completion of the sale, the director now directly owns 144,807 shares of the company’s stock, valued at approximately $9,386,389.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Walmart news, Director Timothy Patrick Flynn sold 30,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the completion of the sale, the director now owns 144,807 shares in the company, valued at approximately $9,386,389.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the transaction, the chief executive officer now directly owns 3,960,402 shares in the company, valued at $270,851,892.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,525,340 shares of company stock worth $953,023,399. 45.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WMT. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 20th. Roth Mkm increased their price objective on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Royal Bank of Canada increased their target price on Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Barclays upped their price objective on shares of Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Finally, Robert W. Baird boosted their target price on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.47.

Get Our Latest Stock Analysis on WMT

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.

Further Reading

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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