SignalPoint Asset Management LLC Grows Stock Holdings in Walmart Inc. (NYSE:WMT)

SignalPoint Asset Management LLC lifted its position in shares of Walmart Inc. (NYSE:WMTFree Report) by 213.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,594 shares of the retailer’s stock after acquiring an additional 66,449 shares during the period. Walmart makes up about 1.6% of SignalPoint Asset Management LLC’s portfolio, making the stock its 8th largest holding. SignalPoint Asset Management LLC’s holdings in Walmart were worth $5,872,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Valley Brook Capital Group Inc. lifted its holdings in shares of 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 last quarter. Core Wealth Advisors Inc. grew its holdings in Walmart by 38.9% during the 4th 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 last quarter. Motco increased its position in Walmart by 1.3% in the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after acquiring an additional 726 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in shares of Walmart by 24.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock valued at $12,351,000 after acquiring an additional 15,448 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in shares of Walmart during the fourth quarter worth $2,340,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on WMT shares. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 20th. HSBC boosted their target price on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Royal Bank of Canada raised their price target on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Telsey Advisory Group increased their price objective on shares of Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, June 10th. Finally, Morgan Stanley raised their target price on Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.97.

View Our Latest Stock Analysis on WMT

Insider Activity at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the sale, the insider now directly owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred 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 in the company, valued at approximately $30,816,896.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the sale, the insider now directly owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,493,971 shares of company stock worth $950,549,592. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of NYSE WMT traded down $0.10 during mid-day trading on Friday, reaching $67.91. 25,891,526 shares of the company’s stock were exchanged, compared to its average volume of 13,038,200. The firm has a 50-day moving average price of $63.23 and a two-hundred day moving average price of $58.70. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The firm has a market capitalization of $546.24 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $68.55.

Walmart (NYSE:WMTGet Free Report) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts predict that Walmart Inc. will post 2.42 EPS for the current year.

About Walmart

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.