Seaside Wealth Management Inc. Has $347,000 Holdings in Walmart Inc. (NYSE:WMT)

Seaside Wealth Management Inc. lifted its holdings in Walmart Inc. (NYSE:WMT) by 200.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,763 shares of the retailer’s stock after acquiring an additional 3,842 shares during the period. Seaside Wealth Management Inc.’s holdings in Walmart were worth $347,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of WMT. Lazard Asset Management LLC grew its stake in shares of Walmart by 13.5% in the third quarter. Lazard Asset Management LLC now owns 73,360 shares of the retailer’s stock valued at $11,731,000 after acquiring an additional 8,747 shares in the last quarter. Evergreen Capital Management LLC lifted its position in Walmart by 1.0% during the third quarter. Evergreen Capital Management LLC now owns 12,778 shares of the retailer’s stock worth $2,044,000 after purchasing an additional 128 shares during the period. Legacy Advisors LLC lifted its holdings in shares of Walmart by 30.7% in the third quarter. Legacy Advisors LLC now owns 2,155 shares of the retailer’s stock worth $345,000 after acquiring an additional 506 shares during the last quarter. JT Stratford LLC raised its holdings in Walmart by 7.2% in the 3rd quarter. JT Stratford LLC now owns 12,859 shares of the retailer’s stock valued at $2,057,000 after buying an additional 867 shares during the last quarter. Finally, Scotia Capital Inc. raised its holdings in Walmart by 4.0% in the 3rd quarter. Scotia Capital Inc. now owns 339,828 shares of the retailer’s stock valued at $54,341,000 after buying an additional 13,209 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the sale, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the sale, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $68.20, for a total value of $895,125.00. Following the sale, the executive vice president now directly owns 645,540 shares of the company’s stock, valued at approximately $44,025,828. The disclosure for this sale can be found here. Insiders have sold 14,525,340 shares of company stock worth $953,023,399 over the last ninety days. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. HSBC increased their target price on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. KeyCorp lifted their price objective on shares of Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. DA Davidson boosted their price target on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Telsey Advisory Group boosted their price target on shares of Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. Finally, The Goldman Sachs Group upped their price objective on shares of Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.47.

Walmart Stock Up 0.9 %

WMT stock opened at $68.07 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average is $64.22 and its 200 day moving average is $59.53. The stock has a market cap of $547.52 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 3.91 and a beta of 0.50. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $69.04.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating 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 business had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. During the same period last year, the business earned $0.49 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts predict that Walmart Inc. will post 2.42 EPS for the current fiscal 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.