Peak Asset Management LLC Has $330,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

Peak Asset Management LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 199.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,490 shares of the retailer’s stock after acquiring an additional 3,656 shares during the period. Peak Asset Management LLC’s holdings in Walmart were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. CHICAGO TRUST Co NA lifted its position in shares of Walmart by 4.1% in the fourth quarter. CHICAGO TRUST Co NA now owns 5,566 shares of the retailer’s stock worth $877,000 after buying an additional 218 shares during the last quarter. Rheos Capital Works Inc. bought a new position in shares of Walmart in the fourth quarter valued at approximately $4,414,000. Helen Stephens Group LLC lifted its stake in shares of Walmart by 7.8% in the fourth quarter. Helen Stephens Group LLC now owns 6,077 shares of the retailer’s stock worth $958,000 after buying an additional 441 shares during the last quarter. Raymond James & Associates grew its stake in Walmart by 4.7% in the 4th quarter. Raymond James & Associates now owns 4,490,515 shares of the retailer’s stock valued at $707,930,000 after buying an additional 200,541 shares during the last quarter. Finally, Godsey & Gibb Inc. bought a new position in Walmart in the 4th quarter worth $1,538,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Down 0.0 %

Shares of NYSE:WMT traded down $0.01 during trading on Wednesday, hitting $70.64. 7,545,724 shares of the company’s stock traded hands, compared to its average volume of 17,261,695. The company has a 50-day moving average price of $67.37 and a 200-day moving average price of $61.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $71.33. 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 cap of $568.20 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 4.06 and a beta of 0.50.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same quarter last year, the firm earned $0.49 EPS. Walmart’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, research analysts forecast that Walmart Inc. will post 2.43 EPS for the current fiscal year.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Wednesday, May 1st. The shares were 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 can be accessed through this link. In related news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total value of $177,240.00. Following the completion of the transaction, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the transaction, the chief executive officer now owns 4,018,650 shares in the company, valued at $241,239,559.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,527,738 shares of company stock worth $953,190,060. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on WMT shares. TD Cowen increased their target price on Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Morgan Stanley increased their price target on shares of Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, May 17th. The Goldman Sachs Group increased their target price on shares of Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Citigroup upped their price target on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Truist Financial raised their price objective on shares of Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $71.44.

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.