Harbor Investment Advisory LLC Has $2.65 Million Position in Walmart Inc. (NYSE:WMT)

Harbor Investment Advisory LLC grew its stake in Walmart Inc. (NYSE:WMT) by 199.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 44,044 shares of the retailer’s stock after acquiring an additional 29,357 shares during the period. Harbor Investment Advisory LLC’s holdings in Walmart were worth $2,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Seven Mile Advisory lifted its position in Walmart by 1.6% during the third quarter. Seven Mile Advisory now owns 3,953 shares of the retailer’s stock valued at $632,000 after purchasing an additional 61 shares during the last quarter. Flynn Zito Capital Management LLC lifted its holdings in shares of Walmart by 3.9% in the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after acquiring an additional 61 shares during the last quarter. ICW Investment Advisors LLC lifted its holdings in shares of Walmart by 0.4% in the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after acquiring an additional 62 shares during the last quarter. Bill Few Associates Inc. lifted its holdings in shares of Walmart by 1.1% in the 4th quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after acquiring an additional 64 shares during the last quarter. Finally, Gateway Advisory LLC lifted its holdings in shares of Walmart by 4.1% in the 3rd quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock worth $263,000 after acquiring an additional 65 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WMT has been the topic of several analyst reports. JPMorgan Chase & Co. raised shares of Walmart from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $66.00 to $81.00 in a research note on Monday, June 10th. Stifel Nicolaus lifted their target price on shares of Walmart from $65.00 to $69.00 and gave the stock a “hold” rating in a research note on Friday, May 17th. Tigress Financial lifted their target price on shares of Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Morgan Stanley boosted their price objective on shares of Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Finally, Evercore ISI boosted their price objective on shares of Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.97.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $66.85, for a total transaction of $877,406.25. Following the completion of the sale, the executive vice president now owns 658,665 shares of the company’s stock, valued at approximately $44,031,755.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $60.45, for a total value of $1,760,545.80. Following the completion of the sale, the chief executive officer now directly owns 4,047,767 shares of the company’s stock, valued at approximately $244,687,515.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $66.85, for a total transaction of $877,406.25. Following the completion of the sale, the executive vice president now directly owns 658,665 shares of the company’s stock, valued at $44,031,755.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,493,971 shares of company stock worth $950,549,592. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

WMT traded up $0.99 during midday trading on Monday, hitting $68.90. 12,421,807 shares of the company traded hands, compared to its average volume of 18,132,594. 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 capitalization of $554.20 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52. The company’s 50-day moving average is $63.23 and its 200 day moving average is $58.80. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $69.04.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. On average, research analysts expect that Walmart Inc. will post 2.42 EPS for the current year.

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.