Ballew Advisors Inc Has $312,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

Ballew Advisors Inc boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 200.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,146 shares of the retailer’s stock after purchasing an additional 3,432 shares during the quarter. Ballew Advisors Inc’s holdings in Walmart were worth $312,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Valley Brook Capital Group Inc. lifted its position in Walmart by 4.2% during the fourth 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 last quarter. Core Wealth Advisors Inc. grew its holdings in Walmart by 38.9% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after buying an additional 420 shares in the last quarter. Motco increased its position in Walmart by 1.3% during the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock worth $9,191,000 after buying an additional 726 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Walmart by 24.6% during the fourth 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 in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of Walmart in the fourth quarter valued at about $2,340,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Down 0.1 %

Shares of NYSE:WMT opened at $67.91 on Friday. The business has a fifty day simple moving average of $63.23 and a 200 day simple moving average of $58.75. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $68.55. The firm has a market cap of $546.24 billion, a P/E ratio of 29.06, a P/E/G ratio of 3.92 and a beta of 0.52. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. During the same quarter in the previous year, the company earned $0.49 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts predict that Walmart Inc. will post 2.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WMT. Bank of America lifted their price objective 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. BMO Capital Markets increased their price target on Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a report on Monday, May 20th. HSBC upped their target price on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Finally, Telsey Advisory Group boosted their price target on Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, June 10th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.97.

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of Walmart stock in a transaction on 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 transaction, the insider now directly owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $60.81, for a total value of $798,131.25. Following the completion of the sale, the executive vice president now directly owns 645,517 shares of the company’s stock, valued at approximately $39,253,888.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 1,132,123 shares of Walmart stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the transaction, the insider now directly owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,493,971 shares of company stock worth $950,549,592. 45.58% of the stock is owned by corporate 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.