AMI Investment Management Inc. Grows Position in Walmart Inc. (NYSE:WMT)

AMI Investment Management Inc. increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 182.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,511 shares of the retailer’s stock after acquiring an additional 9,374 shares during the quarter. AMI Investment Management Inc.’s holdings in Walmart were worth $874,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. AHL Investment Management Inc. grew its position in shares of Walmart by 192.1% in the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after purchasing an additional 15,785 shares in the last quarter. Valley Brook Capital Group Inc. grew its holdings in Walmart by 4.2% in the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after buying an additional 315 shares in 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 raised its holdings in shares of Walmart by 1.3% during the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock worth $9,191,000 after acquiring an additional 726 shares during the period. Finally, Sovereign Financial Group Inc. boosted its position in shares of Walmart by 204.3% during the 1st quarter. Sovereign Financial Group Inc. now owns 6,515 shares of the retailer’s stock valued at $392,000 after acquiring an additional 4,374 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 0.3 %

Shares of NYSE:WMT opened at $67.48 on Tuesday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $69.04. The firm’s 50 day moving average price is $64.07 and its 200 day moving average price is $59.41. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The stock has a market cap of $542.78 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 3.91 and a beta of 0.50.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $161.50 billion for 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 was up 6.0% on a year-over-year basis. During the same period last year, the business earned $0.49 EPS. As a group, equities research analysts predict that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other news, SVP David Chojnowski sold 8,791 shares of the firm’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 owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Alice L. Walton sold 1,132,123 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value 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 at this link. Also, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the sale, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,499,762 shares of company stock valued at $951,294,838. 45.58% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on WMT. Roth Mkm lifted their target price on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Morgan Stanley upped their price objective on Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, May 17th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 20th. DA Davidson upped their price target on Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Robert W. Baird boosted their price objective on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.41.

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.