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

SOA Wealth Advisors LLC. lifted its holdings in Walmart Inc. (NYSE:WMT) by 200.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,657 shares of the retailer’s stock after buying an additional 5,777 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Walmart were worth $521,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Valley Brook Capital Group Inc. grew its holdings in shares of Walmart by 4.2% in the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after acquiring an additional 315 shares during the period. Core Wealth Advisors Inc. grew its holdings in Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after purchasing an additional 420 shares during the last quarter. Motco increased its position in shares of Walmart by 1.3% in the fourth quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after buying an additional 726 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Walmart by 24.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock worth $12,351,000 after buying an additional 15,448 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Walmart in the 4th quarter worth about $2,340,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder S Robson Walton sold 1,244,347 shares of Walmart stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the sale, the insider now owns 633,518,311 shares in the company, valued at $42,211,325,061.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder S Robson Walton sold 1,244,347 shares of Walmart stock in a transaction on Friday, June 14th. The shares were sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the sale, the insider now owns 633,518,311 shares of the company’s stock, valued at approximately $42,211,325,061.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the completion of the transaction, the insider now directly owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The disclosure for this sale can be found here. Insiders sold a total of 14,493,971 shares of company stock worth $950,549,592 in the last 90 days. 45.58% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Roth Mkm lifted their target price on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. HSBC upped their target price on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. KeyCorp upped their price objective on Walmart from $63.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Raymond James lifted their price objective on Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Finally, Bank of America upped their target price on shares of Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $69.97.

Walmart Stock Performance

Shares of WMT stock opened at $67.91 on Friday. The company’s fifty day simple moving average is $63.23 and its 200-day simple moving average is $58.70. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $68.55. The company has a market cap of $546.24 billion, a PE ratio of 29.06, a P/E/G ratio of 3.92 and a beta of 0.52.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that Walmart Inc. will post 2.42 EPS for the current year.

Walmart Profile

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.