Financial Gravity Wealth Inc. purchased a new stake in Walmart Inc (NYSE:WMT) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 362 shares of the retailer’s stock, valued at approximately $35,000.
Other institutional investors have also made changes to their positions in the company. Cypress Wealth Services LLC lifted its stake in Walmart by 3.0% during the 1st quarter. Cypress Wealth Services LLC now owns 28,989 shares of the retailer’s stock worth $2,827,000 after acquiring an additional 844 shares in the last quarter. Asset Dedication LLC lifted its stake in Walmart by 9.4% during the 1st quarter. Asset Dedication LLC now owns 14,606 shares of the retailer’s stock worth $1,422,000 after acquiring an additional 1,256 shares in the last quarter. Saratoga Research & Investment Management lifted its stake in Walmart by 2.2% during the 1st quarter. Saratoga Research & Investment Management now owns 650,359 shares of the retailer’s stock worth $63,430,000 after acquiring an additional 13,855 shares in the last quarter. Dakota Wealth Management lifted its stake in Walmart by 54.2% during the 1st quarter. Dakota Wealth Management now owns 45,405 shares of the retailer’s stock worth $536,000 after acquiring an additional 15,967 shares in the last quarter. Finally, Providence Wealth Advisors LLC raised its position in Walmart by 2.1% in the 1st quarter. Providence Wealth Advisors LLC now owns 16,010 shares of the retailer’s stock valued at $1,567,000 after purchasing an additional 326 shares in the last quarter. 28.63% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have issued reports on WMT. Credit Suisse Group reaffirmed a “neutral” rating and issued a $103.00 price target on shares of Walmart in a research report on Wednesday, February 20th. Morgan Stanley set a $113.00 price target on Walmart and gave the company an “overweight” rating in a research report on Wednesday, February 20th. BMO Capital Markets reaffirmed a “buy” rating and issued a $115.00 price target on shares of Walmart in a research report on Thursday, February 21st. Bank of America set a $120.00 price target on Walmart and gave the company a “buy” rating in a research report on Wednesday, February 20th. Finally, Sanford C. Bernstein raised Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price target on the stock in a research report on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty have issued a buy rating to the company’s stock. Walmart has an average rating of “Hold” and an average price target of $107.19.
Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The business had revenue of $122.95 billion for the quarter, compared to the consensus estimate of $124.51 billion. During the same quarter in the prior year, the business posted $1.14 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, research analysts expect that Walmart Inc will post 4.81 earnings per share for the current year.
In related news, Director S Robson Walton sold 1,322,329 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $102.04, for a total transaction of $134,930,451.16. Following the transaction, the director now owns 3,347,511 shares in the company, valued at approximately $341,580,022.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Jim C. Walton sold 820,736 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $101.45, for a total value of $83,263,667.20. Following the transaction, the insider now owns 17,502,080 shares in the company, valued at approximately $1,775,586,016. The disclosure for this sale can be found here. Insiders have sold a total of 13,580,676 shares of company stock worth $1,347,413,460 in the last 90 days. 51.11% of the stock is currently owned by company insiders.
COPYRIGHT VIOLATION NOTICE: “Financial Gravity Wealth Inc. Purchases Shares of 362 Walmart Inc (WMT)” was first posted by Ticker Report and is the property of of Ticker Report. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/4353870/financial-gravity-wealth-inc-purchases-shares-of-362-walmart-inc-wmt.html.
Walmart Company Profile
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc (NYSE:WMT).
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.