Family Management Corp Increases Stake in Walmart Inc (NYSE:WMT)

Share on StockTwits

Family Management Corp boosted its stake in Walmart Inc (NYSE:WMT) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,259 shares of the retailer’s stock after purchasing an additional 1,181 shares during the period. Walmart comprises 1.3% of Family Management Corp’s investment portfolio, making the stock its 25th largest position. Family Management Corp’s holdings in Walmart were worth $3,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. BerganKDV Wealth Management LLC increased its stake in Walmart by 6.1% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 18,298 shares of the retailer’s stock worth $2,022,000 after purchasing an additional 1,059 shares during the period. Centric Wealth Management increased its stake in shares of Walmart by 6.6% during the second quarter. Centric Wealth Management now owns 5,224 shares of the retailer’s stock valued at $577,000 after buying an additional 322 shares during the period. Carroll Financial Associates Inc. increased its stake in shares of Walmart by 35.0% during the second quarter. Carroll Financial Associates Inc. now owns 14,406 shares of the retailer’s stock valued at $1,591,000 after buying an additional 3,733 shares during the period. CWM LLC increased its stake in shares of Walmart by 100.9% during the first quarter. CWM LLC now owns 99,577 shares of the retailer’s stock valued at $9,712,000 after buying an additional 50,003 shares during the period. Finally, Eads & Heald Wealth Management increased its stake in shares of Walmart by 22.2% during the first quarter. Eads & Heald Wealth Management now owns 19,378 shares of the retailer’s stock valued at $1,890,000 after buying an additional 3,520 shares during the period. 30.11% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP David Chojnowski sold 3,680 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $115.38, for a total value of $424,598.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel J. Bartlett sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $109.14, for a total value of $327,420.00. Following the completion of the transaction, the insider now owns 122,673 shares in the company, valued at $13,388,531.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,580 shares of company stock worth $1,658,306. Insiders own 51.11% of the company’s stock.

Several equities analysts have recently issued reports on WMT shares. Gordon Haskett raised Walmart from an “accumulate” rating to a “buy” rating and boosted their target price for the company from $115.00 to $125.00 in a research note on Thursday, August 15th. Credit Suisse Group set a $105.00 target price on Walmart and gave the company a “hold” rating in a research note on Thursday, August 15th. Zacks Investment Research lowered Walmart from a “buy” rating to a “hold” rating and set a $121.00 price target on the stock. in a research report on Tuesday. Robert W. Baird restated a “positive” rating and set a $120.00 price target (up from $115.00) on shares of Walmart in a research report on Thursday, August 15th. They noted that the move was a valuation call. Finally, Buckingham Research set a $109.00 target price on Walmart and gave the stock a “hold” rating in a report on Friday, August 16th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Walmart currently has an average rating of “Buy” and an average price target of $115.76.

Shares of Walmart stock opened at $116.95 on Friday. Walmart Inc has a twelve month low of $85.78 and a twelve month high of $118.19. The business has a 50-day moving average price of $112.42 and a 200 day moving average price of $106.38. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83. The firm has a market cap of $331.39 billion, a PE ratio of 23.82, a P/E/G ratio of 5.01 and a beta of 0.39.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.05. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The company had revenue of $130.40 billion during the quarter, compared to analyst estimates of $129.32 billion. During the same period in the previous year, the business earned $1.29 EPS. Walmart’s quarterly revenue was up 2.6% on a year-over-year basis. On average, sell-side analysts expect that Walmart Inc will post 4.91 EPS for the current year.

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.

See Also: Why are trading ranges significant?

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).

Institutional Ownership by Quarter for Walmart (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.



Latest News

SOTHERLY HOTELS/SH SH  Upgraded by Zacks Investment Research to Hold
SOTHERLY HOTELS/SH SH Upgraded by Zacks Investment Research to Hold
Solaredge Technologies  Lowered to Hold at Zacks Investment Research
Solaredge Technologies Lowered to Hold at Zacks Investment Research
Resonant  Upgraded to “Hold” at Zacks Investment Research
Resonant Upgraded to “Hold” at Zacks Investment Research
Portola Pharmaceuticals  PT Lowered to $44.00
Portola Pharmaceuticals PT Lowered to $44.00
UltraNote Coin Reaches Market Cap of $13,486.00
UltraNote Coin Reaches Market Cap of $13,486.00
FS KKR Capital Corp  Receives $7.63 Consensus PT from Analysts
FS KKR Capital Corp Receives $7.63 Consensus PT from Analysts


© 2006-2019 Ticker Report