Steele Capital Management Inc. Acquires 5,656 Shares of Walmart Inc. (NYSE:WMT)

Steele Capital Management Inc. increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 211.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,336 shares of the retailer’s stock after purchasing an additional 5,656 shares during the period. Steele Capital Management Inc.’s holdings in Walmart were worth $503,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Partnership Wealth Management LLC acquired a new stake in Walmart in the 4th quarter valued at $30,000. Able Wealth Management LLC acquired a new position in shares of Walmart during the fourth quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Walmart during the fourth quarter worth about $32,000. Signature Resources Capital Management LLC bought a new stake in shares of Walmart during the fourth quarter worth about $35,000. Finally, Tidemark LLC acquired a new stake in shares of Walmart in the 4th quarter worth about $37,000. 26.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Morgan Stanley boosted their price objective on Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Robert W. Baird increased their price target on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. DA Davidson lifted their price objective on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Jefferies Financial Group increased their target price on shares of Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 20th. 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.47.

Walmart Trading Up 0.2 %

NYSE:WMT opened at $68.24 on Thursday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $69.04. The stock’s fifty day moving average price is $64.40 and its two-hundred day moving average price is $59.65. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The company has a market cap of $548.89 billion, a P/E ratio of 29.20, a P/E/G ratio of 3.92 and a beta of 0.50.

Walmart (NYSE:WMT) last posted its earnings results 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. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, analysts expect that Walmart Inc. will post 2.43 EPS for the current year.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the transaction, the chief executive officer now directly owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 521,613 shares in the company, valued at $30,816,896.04. The disclosure for this sale can be found here. Insiders sold a total of 14,525,340 shares of company stock valued at $953,023,399 in the last three months. Company insiders own 45.58% of the company’s stock.

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.