Syverson Strege & Co Boosts Holdings in Walmart Inc. (NYSE:WMT)

Syverson Strege & Co lifted its stake in Walmart Inc. (NYSE:WMTGet Rating) by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,809 shares of the retailer’s stock after buying an additional 92 shares during the period. Syverson Strege & Co’s holdings in Walmart were worth $567,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Industrial Alliance Investment Management Inc. purchased a new position in Walmart during the 4th quarter worth $28,000. Gibson Wealth Advisors LLC purchased a new position in Walmart during the 4th quarter worth $29,000. Level Financial Advisors Inc. purchased a new position in Walmart during the 4th quarter worth $35,000. James Reed Financial Services Inc. purchased a new position in Walmart during the 4th quarter worth $35,000. Finally, Concorde Financial Corp purchased a new position in Walmart during the 4th quarter worth $37,000. 30.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WMT opened at $120.69 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. The stock has a market cap of $330.83 billion, a P/E ratio of 25.95, a PEG ratio of 3.36 and a beta of 0.50. The company has a 50-day moving average of $137.13 and a two-hundred day moving average of $140.46. Walmart Inc. has a 12-month low of $117.27 and a 12-month high of $160.77.

Walmart (NYSE:WMTGet Rating) last posted its quarterly earnings data on Tuesday, May 17th. The retailer reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.18). The firm had revenue of $141.60 billion during the quarter, compared to analyst estimates of $138.05 billion. Walmart had a net margin of 2.26% and a return on equity of 19.05%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.69 EPS. As a group, analysts forecast that Walmart Inc. will post 6.4 EPS for the current fiscal year.

Several research analysts have issued reports on the stock. Stephens lowered their price objective on shares of Walmart to $160.00 and set an “underweight” rating on the stock in a research report on Thursday, May 19th. Telsey Advisory Group lowered their target price on shares of Walmart from $175.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, May 18th. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Monday, May 23rd. UBS Group lowered their target price on shares of Walmart from $180.00 to $165.00 and set a “buy” rating on the stock in a report on Wednesday, May 18th. Finally, MKM Partners lowered their target price on shares of Walmart to $159.00 and set a “na” rating on the stock in a report on Wednesday, May 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.56.

In other news, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $125.61, for a total value of $1,219,421.88. Following the completion of the transaction, the chief executive officer now owns 1,526,864 shares of the company’s stock, valued at $191,789,387.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 48.44% of the company’s stock.

Walmart Company Profile (Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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