B. Riley Wealth Advisors Inc. Purchases 3,273 Shares of Walmart Inc. (NYSE:WMT)

B. Riley Wealth Advisors Inc. boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 103,607 shares of the retailer’s stock after purchasing an additional 3,273 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Walmart were worth $6,234,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of WMT. Vanguard Group Inc. raised its holdings in shares of Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after acquiring an additional 36,625,314 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Walmart by 183.0% during the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after purchasing an additional 18,865,484 shares during the period. Norges Bank purchased a new position in shares of Walmart during the fourth quarter worth $3,674,652,000. Finally, Raymond James & Associates raised its stake in shares of Walmart by 212.6% during the 1st quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock valued at $844,514,000 after buying an additional 9,544,958 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $70.60, for a total transaction of $926,625.00. Following the completion of the transaction, the executive vice president now owns 632,415 shares in the company, valued at approximately $44,648,499. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.60, for a total value of $926,625.00. Following the transaction, the executive vice president now owns 632,415 shares in the company, valued at $44,648,499. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director S Robson Walton sold 3,540,250 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $64.55, for a total transaction of $228,523,137.50. Following the completion of the transaction, the director now owns 648,504,011 shares of the company’s stock, valued at $41,860,933,910.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,537,863 shares of company stock worth $954,247,577. 45.58% of the stock is currently owned by corporate insiders.

Walmart Trading Down 0.8 %

Shares of NYSE WMT traded down $0.55 during midday trading on Wednesday, reaching $68.64. 22,197,760 shares of the stock were exchanged, compared to its average volume of 17,329,371. 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 company has a market capitalization of $552.11 billion, a P/E ratio of 29.33, a P/E/G ratio of 4.01 and a beta of 0.50. The stock has a 50 day moving average price of $68.00 and a 200-day moving average price of $62.09. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $71.33.

Walmart (NYSE:WMT) last released 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 return on equity of 21.57% and a net margin of 2.88%. The firm had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts expect that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WMT. Telsey Advisory Group lifted their price target on Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. Citigroup lifted their target price on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. TD Cowen increased their price target on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Raymond James boosted their price target on shares of Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.60.

About Walmart

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.