Signal Advisors Wealth LLC Raises Stock Holdings in Walmart Inc. (NYSE:WMT)

Signal Advisors Wealth LLC grew its stake in Walmart Inc. (NYSE:WMT) by 478.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,079 shares of the retailer’s stock after acquiring an additional 21,567 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Walmart were worth $1,569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Seven Mile Advisory lifted its position in Walmart by 1.6% during the third quarter. Seven Mile Advisory now owns 3,953 shares of the retailer’s stock worth $632,000 after buying an additional 61 shares during the period. Flynn Zito Capital Management LLC lifted its position in Walmart by 3.9% during the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after buying an additional 61 shares during the period. ICW Investment Advisors LLC lifted its position in Walmart by 0.4% during the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after buying an additional 62 shares during the period. Bill Few Associates Inc. lifted its position in Walmart by 1.1% during the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after buying an additional 64 shares during the period. Finally, Gateway Advisory LLC lifted its position in Walmart by 4.1% during the third quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock worth $263,000 after buying an additional 65 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Alice L. Walton sold 1,132,123 shares of the firm’s stock in a transaction that occurred 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 approximately $42,092,120,157.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Alice L. Walton sold 1,132,123 shares of the firm’s stock in a transaction that occurred 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 approximately $42,092,120,157.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 1,250,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $66.11, for a total value of $82,637,500.00. Following the completion of the sale, the insider now owns 640,532,611 shares in the company, valued at $42,345,610,913.21. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,493,971 shares of company stock valued at $950,549,592. Insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.6 %

Shares of NYSE WMT opened at $68.03 on Friday. The company has a market cap of $547.20 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 3.90 and a beta of 0.52. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $68.13. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The stock’s 50 day simple moving average is $63.08 and its 200 day simple moving average is $58.58.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. Equities research analysts expect that Walmart Inc. will post 2.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WMT. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 20th. Stifel Nicolaus increased their target price on Walmart from $65.00 to $69.00 and gave the stock a “hold” rating in a research report on Friday, May 17th. TD Cowen upped their price target on Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. BMO Capital Markets upped their price target on Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Finally, UBS Group upped their price target on Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.97.

About Walmart

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.