Manchester Capital Management LLC Acquires 1,081 Shares of Walmart Inc. (NYSE:WMT)

Manchester Capital Management LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,664 shares of the retailer’s stock after acquiring an additional 1,081 shares during the quarter. Manchester Capital Management LLC’s holdings in Walmart were worth $2,868,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WMT. Bear Mountain Capital Inc. lifted its position in shares of Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock worth $32,000 after purchasing an additional 167 shares during the period. EQ Wealth Advisors LLC acquired a new position in shares of Walmart in the 1st quarter worth approximately $35,000. Lipe & Dalton lifted its position in shares of Walmart by 95.2% in the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer’s stock worth $36,000 after purchasing an additional 200 shares during the period. Mizuho Bank Ltd. acquired a new position in shares of Walmart in the 4th quarter worth approximately $41,000. Finally, Nexus Investment Management ULC acquired a new position in shares of Walmart in the 1st quarter worth approximately $49,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of recent analyst reports. Mizuho boosted their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, June 9th. DA Davidson reiterated a “buy” rating and set a $117.00 target price on shares of Walmart in a research report on Friday, May 16th. Raymond James Financial dropped their target price on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus dropped their target price on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Finally, Truist Financial boosted their target price on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $106.67.

Walmart Stock Performance

NYSE WMT opened at $98.40 on Friday. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The firm has a market cap of $785.27 billion, a price-to-earnings ratio of 42.05, a PEG ratio of 4.74 and a beta of 0.66. The company has a fifty day moving average price of $96.86 and a 200-day moving average price of $95.05.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 EPS. As a group, equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the transaction, the executive vice president owned 628,318 shares in the company, valued at approximately $61,851,623.92. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the transaction, the executive vice president owned 945,434 shares of the company’s stock, valued at approximately $90,619,848.90. The trade was a 1.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,912 shares of company stock worth $13,863,813 in the last ninety days. Corporate insiders own 45.58% of the company’s stock.

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.