Strategic Investment Advisors MI Has $407,000 Stake in Walmart Inc. (NYSE:WMT)
Strategic Investment Advisors MI boosted its position in shares of Walmart Inc. (NYSE:WMT) by 13.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,909 shares of the retailer’s stock after acquiring an additional 346 shares during the quarter. Strategic Investment Advisors MI’s holdings in Walmart were worth $407,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. AXA raised its holdings in shares of Walmart by 32.0% in the 1st quarter. AXA now owns 341,251 shares of the retailer’s stock valued at $38,773,000 after purchasing an additional 82,775 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Walmart by 88.3% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,740 shares of the retailer’s stock worth $567,000 after buying an additional 2,223 shares during the last quarter. Colony Group LLC raised its stake in Walmart by 36.3% in the first quarter. Colony Group LLC now owns 17,946 shares of the retailer’s stock valued at $2,039,000 after buying an additional 4,778 shares during the period. Gofen & Glossberg LLC IL lifted its position in shares of Walmart by 24.3% in the second quarter. Gofen & Glossberg LLC IL now owns 33,629 shares of the retailer’s stock valued at $4,028,000 after buying an additional 6,574 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Walmart by 340.1% during the 1st quarter. Loomis Sayles & Co. L P now owns 10,166 shares of the retailer’s stock worth $1,155,000 after acquiring an additional 7,856 shares during the period. Hedge funds and other institutional investors own 29.34% of the company’s stock.
WMT has been the subject of several research reports. MKM Partners assumed coverage on Walmart in a report on Wednesday, July 29th. They set a “neutral” rating and a $147.00 price target for the company. KeyCorp raised their target price on shares of Walmart from $138.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Zacks Investment Research upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Tuesday, September 15th. Citigroup increased their price target on shares of Walmart from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Finally, Tigress Financial restated a “hold” rating on shares of Walmart in a report on Tuesday, July 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $141.46.
Walmart (NYSE:WMT) last released its earnings results on Tuesday, August 18th. The retailer reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.31. The firm had revenue of $137.70 billion during the quarter, compared to analysts’ expectations of $133.77 billion. Walmart had a return on equity of 19.13% and a net margin of 3.30%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.27 earnings per share. On average, equities research analysts forecast that Walmart Inc. will post 5.28 earnings per share for the current year.
In related news, major shareholder Alice L. Walton sold 752,085 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $137.20, for a total transaction of $103,186,062.00. Following the completion of the transaction, the insider now directly owns 11,323,580 shares in the company, valued at approximately $1,553,595,176. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Marc E. Lore sold 85,000 shares of the stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $144.55, for a total transaction of $12,286,750.00. Following the completion of the transaction, the executive vice president now directly owns 1,610,399 shares of the company’s stock, valued at approximately $232,783,175.45. The disclosure for this sale can be found here. Insiders have sold a total of 1,011,690 shares of company stock valued at $138,850,587 in the last three months. 50.43% of the stock is owned by insiders.
Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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