Sovereign Financial Group Inc. Has $392,000 Holdings in Walmart Inc. (NYSE:WMT)

Sovereign Financial Group Inc. lifted its position in Walmart Inc. (NYSE:WMT) by 204.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,515 shares of the retailer’s stock after acquiring an additional 4,374 shares during the quarter. Sovereign Financial Group Inc.’s holdings in Walmart were worth $392,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwest Capital Management Inc increased its holdings in shares of Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the period. Partnership Wealth Management LLC acquired a new stake in shares of Walmart during the fourth quarter worth approximately $30,000. Able Wealth Management LLC purchased a new position in Walmart during the fourth quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC acquired a new position in Walmart in the 4th quarter valued at approximately $32,000. Finally, Signature Resources Capital Management LLC purchased a new stake in Walmart in the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, major shareholder S Robson Walton sold 1,244,347 shares of Walmart stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the sale, the insider now owns 633,518,311 shares of the company’s stock, valued at approximately $42,211,325,061.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the transaction, the executive vice president now owns 521,613 shares in the company, valued at $30,816,896.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder S Robson Walton sold 1,244,347 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $66.63, for a total value of $82,910,840.61. Following the completion of the sale, the insider now owns 633,518,311 shares in the company, valued at $42,211,325,061.93. The disclosure for this sale can be found here. Insiders sold a total of 14,451,722 shares of company stock valued at $947,990,915 in the last quarter. Corporate insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Telsey Advisory Group boosted their price target on shares of Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, June 10th. Citigroup boosted their target price on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Evercore ISI raised their price target on Walmart from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 20th. Finally, Jefferies Financial Group raised their price objective on shares of Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.97.

Walmart Price Performance

NYSE:WMT opened at $68.30 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04. The company has a fifty day moving average price of $63.56 and a 200 day moving average price of $59.05. The stock has a market cap of $549.37 billion, a P/E ratio of 29.23, a PEG ratio of 3.89 and a beta of 0.52.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $159.57 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. Analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current year.

Walmart Profile

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.