Baugh & Associates LLC Grows Position in Walmart Inc. (NYSE:WMT)

Baugh & Associates LLC grew its position in Walmart Inc. (NYSE:WMT) by 199.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,141 shares of the retailer’s stock after purchasing an additional 69,974 shares during the quarter. Walmart makes up approximately 3.4% of Baugh & Associates LLC’s portfolio, making the stock its 10th largest holding. Baugh & Associates LLC’s holdings in Walmart were worth $6,326,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. AHL Investment Management Inc. increased its position in Walmart by 192.1% during the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after acquiring an additional 15,785 shares during the period. Valley Brook Capital Group Inc. increased its holdings in Walmart by 4.2% in the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after buying an additional 315 shares during the period. Core Wealth Advisors Inc. increased its holdings in Walmart by 38.9% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after buying an additional 420 shares during the period. Motco boosted its stake in shares of Walmart by 1.3% in the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after purchasing an additional 726 shares in the last quarter. Finally, Sovereign Financial Group Inc. boosted its stake in shares of Walmart by 204.3% in the 1st quarter. Sovereign Financial Group Inc. now owns 6,515 shares of the retailer’s stock valued at $392,000 after purchasing an additional 4,374 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Alice L. Walton sold 1,132,123 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the transaction, the insider now directly owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder S Robson Walton sold 1,244,347 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $66.63, for a total value of $82,910,840.61. Following the sale, the insider now directly owns 633,518,311 shares in the company, valued at approximately $42,211,325,061.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the sale, the insider now owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The disclosure for this sale can be found here. Insiders have sold 14,451,722 shares of company stock valued at $947,990,915 in the last three months. 45.58% of the stock is currently owned by insiders.

Walmart Trading Down 0.6 %

Walmart stock traded down $0.42 during mid-day trading on Friday, hitting $67.46. 5,749,533 shares of the stock were exchanged, compared to its average volume of 17,978,658. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $69.04. The firm’s fifty day simple moving average is $63.74 and its two-hundred day simple moving average is $59.11. The stock has a market capitalization of $542.62 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 3.94 and a beta of 0.52.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating 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 in the previous year, the business posted $0.49 EPS. Walmart’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts forecast that Walmart Inc. will post 2.42 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WMT. BMO Capital Markets raised their target price on shares of Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. HSBC lifted their price objective on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Robert W. Baird lifted their price objective on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Bank of America lifted their price objective on shares of Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, The Goldman Sachs Group lifted their price objective on shares of Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.97.

Walmart Profile

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.