WESPAC Advisors SoCal LLC Purchases 133,639 Shares of Walmart Inc. (NYSE:WMT)

WESPAC Advisors SoCal LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 316.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 175,887 shares of the retailer’s stock after purchasing an additional 133,639 shares during the period. Walmart makes up about 2.8% of WESPAC Advisors SoCal LLC’s portfolio, making the stock its 11th biggest holding. WESPAC Advisors SoCal LLC’s holdings in Walmart were worth $10,583,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AHL Investment Management Inc. boosted its stake 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 buying an additional 15,785 shares during the period. Valley Brook Capital Group Inc. grew its holdings in shares of Walmart by 4.2% during the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after purchasing an additional 315 shares in the last quarter. Core Wealth Advisors Inc. increased its position in shares of Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after purchasing an additional 420 shares during the period. Motco raised its stake in Walmart by 1.3% in the fourth quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after purchasing an additional 726 shares in the last quarter. Finally, Sovereign Financial Group Inc. lifted its position in Walmart by 204.3% during the first quarter. Sovereign Financial Group Inc. now owns 6,515 shares of the retailer’s stock worth $392,000 after purchasing an additional 4,374 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $66.80, for a total value of $242,737,840.00. Following the transaction, the insider now owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Walmart news, major shareholder Alice L. Walton sold 3,633,800 shares of Walmart stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $66.80, for a total value of $242,737,840.00. Following the completion of the sale, the insider now directly owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the transaction, the executive vice president now 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 worth $953,023,399 over the last three months. 45.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on WMT. Barclays raised their target price on shares of Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Tigress Financial lifted their price objective on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Robert W. Baird upped their target price on Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Bank of America lifted their price target on Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Stifel Nicolaus boosted their price target on Walmart from $69.00 to $71.00 and gave the stock a “hold” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $70.47.

Walmart Trading Up 0.2 %

NYSE WMT opened at $68.24 on Thursday. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $69.04. 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 firm has a market capitalization of $548.89 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 3.92 and a beta of 0.50. The business’s 50-day moving average price is $64.40 and its two-hundred day moving average price is $59.65.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $159.57 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. On average, analysts expect that Walmart Inc. will post 2.43 EPS for the current year.

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.