On May 18th, Walmart Inc. (NYSE:WMT) successfully beat the consensus estimates for their earnings release by $0.15 per share, earning a net margin of 1.82% and a return on equity of 21.30%. The retail giant reported revenues of $152.30 billion, up 7.6% from the previous year and exceeding industry analysts’ expectations of $147.91 billion in revenue for the quarter.
This impressive earnings report not only reflects positively on Walmart’s performance, but also on its shareholders – particularly Wealth Advisors of Tampa Bay LLC. According to their most recent 13F filing with the Securities and Exchange Commission (SEC), Wealth Advisors of Tampa Bay LLC boosted their holdings in Walmart by 7.0%, acquiring an additional 2,455 shares during Q1 2021 to bring their total share count to 37,472.
As a result, Walmart now accounts for approximately 3.2% of Wealth Advisors of Tampa Bay LLC’s portfolio value – making it their sixth largest investment position with a market capitalization worth $5,525,000 at the end of the most recent quarter.
Walmart’s business model is built around operating retail stores worldwide through three segments – Walmart U.S., Walmart International, and Sam’s Club – along with its eCommerce websites and mobile applications that cater to millions of customers across various geographic locations globally.
The company runs various types of stores under different brands like supermarkets, hypermarkets, warehouse clubs like Sam’s Club or cash-and-carry stores such as Walmart Neighborhood Market among others. Additionally, shoppers can access its online marketplace through numerous websites like walmart.com.mx or flipkart.com among others.
In summary, by consistently delivering strong financial results as exemplified in their recent Q1 earnings report which surpassed expectations significantly; Walmart continues to prove its worth as a viable investment option that can yield high returns for long-term investors.
Updated on: 15/09/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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Loop Capital Markets
Institutional Investors Make Significant Changes to Walmart Shareholdings: Insider Trading and Positive Ratings follow
Walmart Inc., the American multinational retailer, has recently seen significant changes in its shareholdings as reported by various institutional investors. Wiley BROS. Aintree Capital LLC increased its position in Walmart by 0.8% during the first quarter, now owning 11,803 shares worth $1,740,000. Additionally, other companies such as BOS Asset Management LLC and Fiduciary Alliance LLC have bought new positions in Walmart with Spotlight Asset Group Inc. having added shares of the retailer during the third quarter of 2020.
However, Merit Financial Group LLC showed substantial growth in their stake holdings of Walmart by 77.9%, now owning 20,181 shares worth $2,862,000 after purchasing an additional 8,840 shares during the period.
Institutional investors own a total of 31.95% of Walmart’s outstanding stock which may contribute to its overall market capitalization at $417.47 billion.
Walmart continues to operate on a global scale through its three segments: Walmart U.S., Walmart International and Sam’s Club. The company operates various store types including supercenters, supermarkets, hypermarkets and discount stores under several brands including but not limited to Walmart and Sam’s Club.
However recent developments also include insider trading activities such as Director S Robson Walton who sold over a million shares worth approximately $184 million in June this year.
Equity analysts have reported positive ratings on Walmart stocks with Wells Fargo & Company increasing its target price on stocks from $155.00 to $170.00 rating it “overweight”. BMO Capital Markets too had upped its price objective noting a range between $165 to $170.
The consensus among several equity analysts is that WMT is rated as ‘Moderate buy’ from Bloomberg data with a consensus target price estimated at around $166.91 suggesting that the share prices are expected to increase shortly whilst providing lucrative opportunities for long-term investments.