Investment House LLC Boosts Holdings in Walmart Inc (NYSE:WMT)
Investment House LLC grew its position in Walmart Inc (NYSE:WMT) by 7.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,540 shares of the retailer’s stock after buying an additional 690 shares during the period. Investment House LLC’s holdings in Walmart were worth $1,262,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of WMT. Sofos Investments Inc. boosted its position in shares of Walmart by 581.4% during the 1st quarter. Sofos Investments Inc. now owns 1,206 shares of the retailer’s stock worth $25,000 after purchasing an additional 1,029 shares during the period. Joseph P. Lucia & Associates LLC boosted its position in shares of Walmart by 75.6% during the 1st quarter. Joseph P. Lucia & Associates LLC now owns 230 shares of the retailer’s stock worth $26,000 after purchasing an additional 99 shares during the period. Bainco International Investors purchased a new position in shares of Walmart during the 1st quarter worth approximately $35,000. RMR Wealth Builders purchased a new position in shares of Walmart during the 4th quarter worth approximately $42,000. Finally, Contravisory Investment Management Inc. purchased a new position in shares of Walmart during the 1st quarter worth approximately $42,000. 29.95% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on WMT shares. Cleveland Research upgraded shares of Walmart from a “neutral” rating to a “buy” rating in a report on Tuesday, March 24th. Cowen increased their target price on shares of Walmart from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. Nomura increased their target price on shares of Walmart from $131.00 to $139.00 in a report on Wednesday, May 20th. Stifel Nicolaus increased their target price on shares of Walmart from $117.00 to $125.00 and gave the stock a “hold” rating in a report on Wednesday, May 20th. Finally, Telsey Advisory Group increased their target price on shares of Walmart from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $132.45.
Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, May 19th. The retailer reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.06. Walmart had a net margin of 2.81% and a return on equity of 18.33%. The company had revenue of $134.62 billion for the quarter, compared to the consensus estimate of $130.91 billion. During the same period last year, the firm posted $1.13 EPS. Walmart’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, sell-side analysts anticipate that Walmart Inc will post 4.93 EPS for the current year.
In other Walmart news, EVP Marc E. Lore sold 85,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $123.05, for a total transaction of $10,459,250.00. Following the transaction, the executive vice president now directly owns 2,272,996 shares of the company’s stock, valued at approximately $279,692,157.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 7,324 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $126.00, for a total transaction of $922,824.00. Following the transaction, the executive vice president now directly owns 51,526 shares in the company, valued at $6,492,276. The disclosure for this sale can be found here. Insiders have sold a total of 347,324 shares of company stock worth $43,065,824 over the last three months. 50.43% of the stock is currently owned by insiders.
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
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