Signet Financial Management LLC increased its position in Walmart Inc. (NYSE:WMT – Free Report) by 8.2% in the second quarter, Holdings Channel.com reports. The fund owned 2,583 shares of the retailer’s stock after acquiring an additional 196 shares during the quarter. Signet Financial Management LLC’s holdings in Walmart were worth $253,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of WMT. Operose Advisors LLC grew its position in Walmart by 319.7% during the first quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock worth $28,000 after buying an additional 243 shares in the last quarter. Bear Mountain Capital Inc. boosted its position in shares of Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock valued at $32,000 after acquiring an additional 167 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Walmart by 432.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer’s stock valued at $32,000 after acquiring an additional 294 shares during the last quarter. Ridgewood Investments LLC grew its holdings in shares of Walmart by 55.3% during the second quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock worth $32,000 after purchasing an additional 115 shares in the last quarter. Finally, EQ Wealth Advisors LLC bought a new position in shares of Walmart in the first quarter worth approximately $35,000. Institutional investors own 26.76% of the company’s stock.
Walmart Trading Up 0.3%
NYSE WMT opened at $103.03 on Friday. The firm has a market cap of $821.41 billion, a PE ratio of 38.73, a price-to-earnings-growth ratio of 4.84 and a beta of 0.65. Walmart Inc. has a 1-year low of $78.98 and a 1-year high of $106.11. The stock has a 50-day moving average of $99.99 and a 200-day moving average of $95.92. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Wolfe Research started coverage on shares of Walmart in a research report on Thursday, September 18th. They set an “outperform” rating and a $129.00 target price for the company. Erste Group Bank raised shares of Walmart from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. The Goldman Sachs Group upped their target price on shares of Walmart from $101.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Sanford C. Bernstein set a $117.00 target price on Walmart and gave the company an “outperform” rating in a research note on Friday, August 22nd. Finally, Oppenheimer lifted their price target on Walmart from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 13th. Twenty-nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $112.38.
View Our Latest Research Report on WMT
Insider Buying and Selling
In related news, CEO C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $95.97, for a total transaction of $1,863,353.52. Following the completion of the sale, the chief executive officer directly owned 4,392,985 shares in the company, valued at $421,594,770.45. This represents a 0.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $100.96, for a total transaction of $403,840.00. Following the sale, the executive vice president directly owned 1,052,455 shares of the company’s stock, valued at $106,255,856.80. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,816 shares of company stock valued at $13,073,594 over the last quarter. Company insiders own 0.10% of the company’s stock.
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.
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