Tiemann Investment Advisors LLC Buys 7,958 Shares of Walmart Inc. (NYSE:WMT)

Tiemann Investment Advisors LLC lifted its stake in Walmart Inc. (NYSE:WMT) by 186.8% during the first quarter, HoldingsChannel reports. The firm owned 12,218 shares of the retailer’s stock after purchasing an additional 7,958 shares during the period. Tiemann Investment Advisors LLC’s holdings in Walmart were worth $735,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. AHL Investment Management Inc. lifted its stake in Walmart by 192.1% in the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after acquiring an additional 15,785 shares during the period. Valley Brook Capital Group Inc. lifted its stake in Walmart by 4.2% in the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after acquiring an additional 315 shares during the period. Core Wealth Advisors Inc. lifted its stake in Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after acquiring an additional 420 shares during the period. Liberty Wealth Management LLC purchased a new stake in Walmart in the first quarter worth about $270,000. Finally, Commerce Bank lifted its stake in Walmart by 189.4% in the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after acquiring an additional 600,521 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WMT has been the subject of a number of research reports. Truist Financial upped their price objective on shares of Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a research note on Friday, May 17th. BMO Capital Markets increased their price target on shares of Walmart from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 19th. Morgan Stanley increased their price target on shares of Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Walmart from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, July 1st. Three research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $71.60.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $65.23, for a total transaction of $1,899,758.52. Following the completion of the transaction, the chief executive officer now directly owns 3,989,526 shares of the company’s stock, valued at $260,236,780.98. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the sale, the executive vice president now owns 463,871 shares in the company, valued at $32,239,034.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $65.23, for a total value of $1,899,758.52. Following the sale, the chief executive officer now owns 3,989,526 shares of the company’s stock, valued at approximately $260,236,780.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,498,614 shares of company stock valued at $951,441,747. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

Shares of Walmart stock opened at $70.20 on Friday. Walmart Inc. has a one year low of $49.85 and a one year high of $71.33. The company has a market cap of $564.66 billion, a PE ratio of 29.97, a P/E/G ratio of 4.07 and a beta of 0.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The business has a 50-day simple moving average of $67.71 and a 200-day simple moving average of $61.63.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $159.57 billion. During the same period in the previous year, the company posted $0.49 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities research analysts forecast that Walmart Inc. will post 2.43 EPS for the current fiscal year.

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.