SeaCrest Wealth Management LLC lessened its holdings in Walmart Inc (NYSE:WMT) by 27.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,221 shares of the retailer’s stock after selling 3,131 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Walmart were worth $704,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Focused Wealth Management Inc increased its position in shares of Walmart by 90.0% during the fourth quarter. Focused Wealth Management Inc now owns 3,915 shares of the retailer’s stock worth $387,000 after acquiring an additional 1,855 shares during the period. MYDA Advisors LLC purchased a new stake in shares of Walmart during the fourth quarter worth $988,000. Nippon Life Global Investors Americas Inc. increased its position in shares of Walmart by 106.5% during the fourth quarter. Nippon Life Global Investors Americas Inc. now owns 192,835 shares of the retailer’s stock worth $19,042,000 after acquiring an additional 99,460 shares during the period. Huber Capital Management LLC increased its position in shares of Walmart by 3.5% during the fourth quarter. Huber Capital Management LLC now owns 266,600 shares of the retailer’s stock worth $26,327,000 after acquiring an additional 8,900 shares during the period. Finally, MANA Advisors LLC purchased a new stake in shares of Walmart during the fourth quarter worth $2,578,000. 29.43% of the stock is currently owned by institutional investors.
In related news, major shareholder Alice L. Walton sold 594,396 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $98.28, for a total value of $58,417,238.88. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at $663,250,442.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jacqueline P. Canney sold 1,575 shares of the firm’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $95.48, for a total transaction of $150,381.00. Following the completion of the sale, the insider now owns 57,276 shares of the company’s stock, valued at approximately $5,468,712.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,168,424 shares of company stock valued at $732,544,971. 51.11% of the stock is owned by insiders.
Shares of WMT traded up $1.07 during mid-day trading on Monday, hitting $96.90. 8,262,400 shares of the company’s stock were exchanged, compared to its average volume of 9,734,565. Walmart Inc has a fifty-two week low of $77.50 and a fifty-two week high of $109.98. The company has a market capitalization of $283.89 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 3.37 and a beta of 0.51. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 0.93.
Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.07. Walmart had a net margin of 1.02% and a return on equity of 18.16%. The business had revenue of $127.06 billion during the quarter, compared to the consensus estimate of $124.67 billion. During the same quarter in the prior year, the firm earned $1.08 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. equities research analysts forecast that Walmart Inc will post 4.8 EPS for the current year.
Several equities analysts recently commented on the company. Royal Bank of Canada set a $88.00 target price on Walmart and gave the company a “neutral” rating in a report on Thursday, May 17th. Stifel Nicolaus reissued a “neutral” rating and issued a $95.00 target price on shares of Walmart in a report on Friday, August 17th. Raymond James lowered Walmart from a “strong-buy” rating to an “outperform” rating and increased their target price for the company from $100.00 to $107.00 in a report on Friday, August 17th. Jefferies Financial Group reissued a “buy” rating and issued a $112.00 target price on shares of Walmart in a report on Monday, August 20th. Finally, Zacks Investment Research lowered Walmart from a “hold” rating to a “sell” rating in a report on Monday, August 6th. Nineteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $100.89.
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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