Selective Wealth Management Inc. Boosts Stock Holdings in Walmart Inc. (NYSE:WMT)

Selective Wealth Management Inc. grew its position in shares of Walmart Inc. (NYSE:WMT) by 206.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 10,021 shares of the retailer’s stock after buying an additional 6,749 shares during the period. Selective Wealth Management Inc.’s holdings in Walmart were worth $607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Northwest Capital Management Inc increased its holdings in Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares in the last quarter. Partnership Wealth Management LLC purchased a new stake in Walmart in the 4th quarter worth $30,000. Able Wealth Management LLC purchased a new stake in Walmart in the 4th quarter worth $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Walmart in the 4th quarter worth $32,000. Finally, Signature Resources Capital Management LLC purchased a new stake in Walmart in the 4th quarter worth $35,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Down 0.1 %

NYSE WMT opened at $67.91 on Monday. The firm’s 50-day moving average is $63.23 and its two-hundred day moving average is $58.80. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $68.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The stock has a market capitalization of $546.24 billion, a P/E ratio of 29.06, a PEG ratio of 3.92 and a beta of 0.52.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. 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 prior year, the company posted $0.49 earnings per share. Walmart’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current year.

Analyst Ratings Changes

WMT has been the subject of several recent analyst reports. Roth Mkm boosted their price target on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Raymond James lifted their target price on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 20th. Telsey Advisory Group lifted their target price on shares of Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, June 10th. Finally, Bank of America lifted their target price on shares of Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.97.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $66.85, for a total value of $877,406.25. Following the transaction, the executive vice president now owns 658,665 shares of the company’s stock, valued at $44,031,755.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Walmart news, major shareholder Alice L. Walton sold 3,633,800 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the sale, the insider now directly owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $66.85, for a total transaction of $877,406.25. Following the sale, the executive vice president now owns 658,665 shares in the company, valued at $44,031,755.25. The disclosure for this sale can be found here. Insiders have sold 14,493,971 shares of company stock valued at $950,549,592 over the last 90 days. 45.58% of the stock is owned by insiders.

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.