S&A Financial Services Inc. bought a new stake in Walmart Inc. (NASDAQ:WMT – Free Report) during the 1st quarter, Holdings Channel reports. The firm bought 5,496 shares of the retailer’s stock, valued at approximately $683,000.
Several other large investors have also modified their holdings of WMT. MFA Wealth Services raised its position in Walmart by 0.7% in the first quarter. MFA Wealth Services now owns 10,909 shares of the retailer’s stock valued at $1,356,000 after purchasing an additional 80 shares during the period. Realta Investment Advisors raised its holdings in Walmart by 2.0% in the first quarter. Realta Investment Advisors now owns 4,089 shares of the retailer’s stock valued at $508,000 after acquiring an additional 81 shares in the last quarter. Compton Financial Group LLC raised its holdings in shares of Walmart by 4.1% in the 1st quarter. Compton Financial Group LLC now owns 2,081 shares of the retailer’s stock valued at $259,000 after purchasing an additional 82 shares in the last quarter. Renaissance Group LLC lifted its holdings in Walmart by 0.9% during the 4th quarter. Renaissance Group LLC now owns 9,636 shares of the retailer’s stock worth $1,074,000 after buying an additional 83 shares during the last quarter. Finally, Calton & Associates Inc. raised its position in shares of Walmart by 0.3% during the 4th quarter. Calton & Associates Inc. now owns 27,220 shares of the retailer’s stock worth $3,033,000 after acquiring an additional 84 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.
Walmart Stock Performance
NASDAQ WMT opened at $111.20 on Monday. The company has a market capitalization of $884.94 billion, a PE ratio of 39.02, a price-to-earnings-growth ratio of 4.15 and a beta of 0.60. Walmart Inc. has a twelve month low of $95.42 and a twelve month high of $135.15. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The business’s 50-day moving average price is $115.17 and its 200 day moving average price is $121.96.
Insiders Place Their Bets
In other news, EVP Daniel J. Bartlett sold 3,775 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $109.64, for a total transaction of $413,891.00. Following the completion of the sale, the executive vice president owned 630,009 shares in the company, valued at approximately $69,074,186.76. The trade was a 0.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $118.63, for a total transaction of $2,303,320.08. Following the completion of the transaction, the director directly owned 4,174,579 shares in the company, valued at approximately $495,230,306.77. This represents a 0.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 67,729 shares of company stock worth $8,124,931. 0.09% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Weiss Ratings cut shares of Walmart from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Sanford C. Bernstein set a $142.00 price objective on Walmart and gave the company an “outperform” rating in a research note on Friday. Morgan Stanley increased their price objective on Walmart from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Mizuho set a $130.00 target price on shares of Walmart in a research note on Monday, July 27th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $137.00 price target on shares of Walmart in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $138.56.
Check Out Our Latest Analysis on Walmart
Walmart Company Profile
Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.
The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.
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