Bryn Mawr Capital Management LLC Has $248,000 Stake in Walmart Inc. (NYSE:WMT)

Bryn Mawr Capital Management LLC grew its stake in Walmart Inc. (NYSE:WMTFree Report) by 194.9% during the first quarter, HoldingsChannel reports. The firm owned 4,128 shares of the retailer’s stock after buying an additional 2,728 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Walmart were worth $248,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. AHL Investment Management Inc. boosted its stake in shares of Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after purchasing an additional 15,785 shares in the last quarter. Valley Brook Capital Group Inc. boosted its position in Walmart by 4.2% during the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after buying an additional 315 shares during the period. Core Wealth Advisors Inc. boosted its position in Walmart by 38.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after buying an additional 420 shares during the period. Motco boosted its position in Walmart by 1.3% during the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock worth $9,191,000 after buying an additional 726 shares during the period. Finally, Private Advisor Group LLC boosted its position in Walmart by 189.4% during the 1st quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock worth $38,740,000 after buying an additional 421,366 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the sale, the executive vice president now directly owns 521,613 shares in the company, valued at approximately $30,816,896.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the sale, the executive vice president now directly owns 521,613 shares in the company, valued at approximately $30,816,896.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John D. Rainey sold 25,578 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 390,165 shares in the company, valued at $26,367,350.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,525,340 shares of company stock worth $953,023,399. Company insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on WMT. 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 report on Friday, May 17th. Truist Financial raised their price target on shares of Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Walmart from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, July 1st. Jefferies Financial Group raised their price target on shares of Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, Roth Mkm raised their price target on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $70.47.

Check Out Our Latest Stock Analysis on Walmart

Walmart Price Performance

WMT opened at $69.90 on Wednesday. The firm’s fifty day moving average price is $65.33 and its two-hundred day moving average price is $60.26. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The company has a market capitalization of $562.24 billion, a price-to-earnings ratio of 29.91, a P/E/G ratio of 4.02 and a beta of 0.50. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $70.25.

Walmart (NYSE:WMTGet Free Report) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. As a group, analysts anticipate that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

About Walmart

(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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