Ameliora Wealth Management Ltd. Has $4.76 Million Stock Position in Walmart Inc. (NYSE:WMT)

Ameliora Wealth Management Ltd. raised its stake in shares of Walmart Inc. (NYSE:WMT) by 201.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,021 shares of the retailer’s stock after purchasing an additional 52,784 shares during the quarter. Walmart accounts for 2.2% of Ameliora Wealth Management Ltd.’s portfolio, making the stock its 14th largest holding. Ameliora Wealth Management Ltd.’s holdings in Walmart were worth $4,755,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in WMT. Norges Bank bought a new position in shares of Walmart in the fourth quarter valued at approximately $3,674,652,000. BlueSpruce Investments LP bought a new position in Walmart in the 4th quarter worth approximately $568,419,000. International Assets Investment Management LLC raised its position in Walmart by 15,371.4% in the 4th quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock worth $553,545,000 after purchasing an additional 3,488,530 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Walmart by 11.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock worth $3,190,194,000 after purchasing an additional 2,150,351 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Walmart by 207.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,279,715 shares of the retailer’s stock worth $137,170,000 after purchasing an additional 1,537,828 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Price Performance

Shares of NYSE WMT opened at $67.74 on Friday. The firm has a market cap of $544.87 billion, a PE ratio of 28.99, a PEG ratio of 3.92 and a beta of 0.52. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $69.04. The company has a fifty day moving average price of $64.07 and a 200 day moving average price of $59.29.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 EPS. Research analysts predict that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total value of $177,240.00. Following the completion of the transaction, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’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 sale, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the sale, the senior vice president now directly owns 94,415 shares in the company, valued at $6,420,220. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,502,762 shares of company stock valued at $951,475,618. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research analyst reports. Citigroup boosted their price objective on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Raymond James boosted their price objective on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Bank of America boosted their price objective on shares of Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. HSBC boosted their price objective on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Finally, JPMorgan Chase & Co. raised shares of Walmart from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $66.00 to $81.00 in a report on Monday, June 10th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $69.97.

Walmart Company 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.