Baldwin Brothers LLC MA Has $140,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

Baldwin Brothers LLC MA grew its position in shares of Walmart Inc. (NYSE:WMT) by 26.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,074 shares of the retailer’s stock after acquiring an additional 436 shares during the quarter. Baldwin Brothers LLC MA’s holdings in Walmart were worth $140,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in WMT. Vanguard Group Inc. grew its stake in Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after buying an additional 36,625,314 shares in the last quarter. Norges Bank acquired a new position in Walmart during the fourth quarter worth $3,674,652,000. Bank of New York Mellon Corp increased its holdings in Walmart by 183.0% during the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after buying an additional 18,865,484 shares during the last quarter. Finally, Raymond James & Associates raised its position in Walmart by 212.6% during the first quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock worth $844,514,000 after acquiring an additional 9,544,958 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Telsey Advisory Group reissued an “outperform” rating and set a $75.00 price target on shares of Walmart in a research report on Friday. Bank of America raised their price objective on Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Jefferies Financial Group boosted their target price on Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, Robert W. Baird increased their price target on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.09.

Insider Buying and Selling at Walmart

In related news, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total value of $1,944,600.00. Following the sale, the director now directly owns 144,807 shares in the company, valued at $9,386,389.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Timothy Patrick Flynn sold 30,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the transaction, the director now owns 144,807 shares in the company, valued at $9,386,389.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the sale, the executive vice president now directly owns 387,165 shares in the company, valued at approximately $26,787,946.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,540,863 shares of company stock worth $954,455,147. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT traded up $0.29 during midday trading on Friday, reaching $67.95. 13,805,576 shares of the company were exchanged, compared to its average volume of 17,333,506. Walmart Inc. has a one year low of $49.85 and a one year high of $71.33. The stock has a market cap of $546.56 billion, a P/E ratio of 29.04, a PEG ratio of 3.90 and a beta of 0.50. 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 stock’s 50-day moving average price is $68.47 and its 200-day moving average price is $62.76.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share. On average, sell-side analysts anticipate that Walmart Inc. will post 2.43 earnings per share for the current fiscal 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.