Towercrest Capital Management Purchases 2,665 Shares of Walmart Inc. (NYSE:WMT)

Towercrest Capital Management raised its position in shares of Walmart Inc. (NYSE:WMT) by 198.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,010 shares of the retailer’s stock after acquiring an additional 2,665 shares during the period. Towercrest Capital Management’s holdings in Walmart were worth $241,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Flynn Zito Capital Management LLC lifted its stake in shares of Walmart by 3.9% in the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after buying an additional 61 shares during the period. ICW Investment Advisors LLC lifted its stake in Walmart by 0.4% during the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after purchasing an additional 62 shares during the period. Bill Few Associates Inc. lifted its stake in Walmart by 1.1% during the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after purchasing an additional 64 shares during the period. Rossmore Private Capital lifted its stake in Walmart by 0.3% during the fourth quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after purchasing an additional 65 shares during the period. Finally, Sheaff Brock Investment Advisors LLC lifted its stake in Walmart by 0.3% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after purchasing an additional 65 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on WMT shares. DA Davidson raised their price target on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Raymond James raised their price target on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. BMO Capital Markets raised their price target on shares of Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Evercore ISI raised their price target on shares of Walmart from $73.00 to $74.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Finally, Robert W. Baird lifted their target price on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Three research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.09.

Walmart Trading Down 0.1 %

Shares of Walmart stock traded down $0.07 on Friday, hitting $70.75. 11,665,526 shares of the company’s stock traded hands, compared to its average volume of 12,789,591. The firm’s 50-day moving average price is $66.96 and its two-hundred day moving average price is $61.20. The stock has a market capitalization of $569.08 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 4.08 and a beta of 0.50. Walmart Inc. has a one year low of $49.85 and a one year high of $71.33. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate 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 net margin of 2.88% and a return on equity of 21.57%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 EPS. On average, research analysts expect that Walmart Inc. will post 2.43 EPS for the current fiscal year.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $60.03, for a total value of $1,748,313.72. Following the sale, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $60.03, for a total value of $1,748,313.72. Following the sale, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock in a transaction dated 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 directly owns 144,807 shares in the company, valued at $9,386,389.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,527,738 shares of company stock valued at $953,190,060. 45.58% of the stock is owned by company insiders.

Walmart Company 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.