Walmart Inc. (NYSE:WMT) Shares Acquired by SPC Financial Inc.

SPC Financial Inc. grew its stake in shares of Walmart Inc. (NYSE:WMT) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,895 shares of the retailer’s stock after purchasing an additional 504 shares during the period. SPC Financial Inc.’s holdings in Walmart were worth $4,326,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WMT. Advisory Alpha LLC increased its position in shares of Walmart by 2.0% in the second quarter. Advisory Alpha LLC now owns 27,345 shares of the retailer’s stock worth $1,852,000 after acquiring an additional 539 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in Walmart by 11.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 164,143 shares of the retailer’s stock worth $11,114,000 after acquiring an additional 16,545 shares in the last quarter. Kimelman & Baird LLC acquired a new stake in Walmart during the 2nd quarter worth about $283,000. B. Riley Wealth Advisors Inc. increased its holdings in shares of Walmart by 149.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 258,248 shares of the retailer’s stock valued at $17,486,000 after purchasing an additional 154,641 shares during the period. Finally, Traction Financial Partners LLC acquired a new stake in shares of Walmart during the second quarter worth approximately $208,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,398 shares of Walmart stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the transaction, the executive vice president now directly owns 463,871 shares in the company, valued at $32,239,034.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 2,398 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $69.50, for a total value of $166,661.00. Following the transaction, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The disclosure for this sale can be found here. Insiders have sold a total of 12,334,670 shares of company stock valued at $958,025,027 over the last three months. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

WMT stock opened at $80.75 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.60. The business’s fifty day moving average is $74.64 and its 200-day moving average is $67.71. The company has a market cap of $649.09 billion, a P/E ratio of 34.56, a price-to-earnings-growth ratio of 4.00 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 earnings per share. Equities research analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Analyst Ratings Changes

WMT has been the topic of several research reports. KeyCorp upped their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Tigress Financial increased their price objective on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. UBS Group boosted their target price on Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Morgan Stanley raised their price target on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, Roth Mkm boosted their price target on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $81.62.

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.