Sicart Associates LLC Invests $223,000 in Walmart Inc (WMT) Stock
Sicart Associates LLC acquired a new stake in shares of Walmart Inc (NYSE:WMT) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 2,600 shares of the retailer’s stock, valued at approximately $223,000.
A number of other hedge funds also recently bought and sold shares of the stock. Ballentine Partners LLC boosted its stake in Walmart by 13.8% during the 2nd quarter. Ballentine Partners LLC now owns 15,612 shares of the retailer’s stock valued at $1,336,000 after purchasing an additional 1,897 shares during the last quarter. Pioneer Trust Bank N A OR boosted its stake in Walmart by 9.9% during the 2nd quarter. Pioneer Trust Bank N A OR now owns 8,150 shares of the retailer’s stock valued at $699,000 after purchasing an additional 733 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in Walmart during the 2nd quarter valued at $45,012,000. Amalgamated Bank boosted its stake in Walmart by 2.8% during the 2nd quarter. Amalgamated Bank now owns 184,288 shares of the retailer’s stock valued at $15,784,000 after purchasing an additional 5,104 shares during the last quarter. Finally, Nippon Life Global Investors Americas Inc. boosted its stake in Walmart by 10.1% during the 2nd quarter. Nippon Life Global Investors Americas Inc. now owns 180,125 shares of the retailer’s stock valued at $15,428,000 after purchasing an additional 16,510 shares during the last quarter. 29.68% of the stock is owned by institutional investors.
WMT has been the topic of several recent analyst reports. Gordon Haskett downgraded Walmart from a “buy” rating to an “accumulate” rating and set a $90.00 target price on the stock. in a research note on Thursday, May 17th. Zacks Investment Research upgraded Walmart from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research note on Friday, May 4th. Guggenheim reiterated a “buy” rating on shares of Walmart in a research note on Monday, April 30th. Argus upgraded Walmart from a “hold” rating to a “buy” rating and raised their price target for the stock from $87.57 to $100.00 in a research note on Thursday, April 19th. Finally, Goldman Sachs Group restated a “buy” rating and issued a $99.00 price target on shares of Walmart in a research note on Monday, April 16th. Twenty research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $96.53.
Walmart (NYSE:WMT) last released its earnings results on Thursday, May 17th. The retailer reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The company had revenue of $122.69 billion for the quarter, compared to the consensus estimate of $119.29 billion. Walmart had a return on equity of 17.16% and a net margin of 1.77%. Walmart’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 earnings per share. equities research analysts anticipate that Walmart Inc will post 4.83 EPS for the current year.
In related news, Director S Robson Walton sold 1,190,271 shares of Walmart stock in a transaction on Wednesday, June 6th. The stock was sold at an average price of $84.65, for a total transaction of $100,756,440.15. Following the transaction, the director now directly owns 3,347,254 shares in the company, valued at $283,345,051.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Chojnowski sold 5,442 shares of Walmart stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $85.30, for a total value of $464,202.60. The disclosure for this sale can be found here. Insiders have sold 8,792,256 shares of company stock worth $740,486,626 over the last quarter. 51.11% of the stock is owned by company insiders.
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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