Keel Point LLC Raises Stock Holdings in Walmart Inc (NYSE:WMT)

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Keel Point LLC lifted its holdings in Walmart Inc (NYSE:WMT) by 14.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,877 shares of the retailer’s stock after buying an additional 1,260 shares during the quarter. Keel Point LLC’s holdings in Walmart were worth $1,091,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of WMT. Centric Wealth Management boosted its position in Walmart by 6.6% during the 2nd quarter. Centric Wealth Management now owns 5,224 shares of the retailer’s stock valued at $577,000 after acquiring an additional 322 shares in the last quarter. Carroll Financial Associates Inc. boosted its position in Walmart by 35.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 14,406 shares of the retailer’s stock valued at $1,591,000 after acquiring an additional 3,733 shares in the last quarter. CWM LLC boosted its position in Walmart by 100.9% during the 1st quarter. CWM LLC now owns 99,577 shares of the retailer’s stock valued at $9,712,000 after acquiring an additional 50,003 shares in the last quarter. Eads & Heald Wealth Management boosted its position in Walmart by 22.2% during the 1st quarter. Eads & Heald Wealth Management now owns 19,378 shares of the retailer’s stock valued at $1,890,000 after acquiring an additional 3,520 shares in the last quarter. Finally, Charter Trust Co. boosted its position in Walmart by 0.7% during the 2nd quarter. Charter Trust Co. now owns 44,957 shares of the retailer’s stock valued at $4,967,000 after acquiring an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 29.99% of the company’s stock.

Several brokerages have issued reports on WMT. Jefferies Financial Group increased their target price on Walmart from $117.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Buckingham Research set a $109.00 target price on Walmart and gave the company a “hold” rating in a research report on Friday, August 16th. Raymond James increased their target price on Walmart from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Royal Bank of Canada set a $112.00 target price on Walmart and gave the company a “neutral” rating in a research report on Thursday, August 15th. Finally, Goldman Sachs Group set a $123.00 target price on Walmart and gave the company a “buy” rating in a research report on Thursday, August 15th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $114.99.

In other Walmart news, insider Daniel J. Bartlett sold 3,000 shares of Walmart stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $109.14, for a total transaction of $327,420.00. Following the completion of the transaction, the insider now owns 122,673 shares in the company, valued at approximately $13,388,531.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John R. Furner sold 7,900 shares of Walmart stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $114.72, for a total value of $906,288.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,783,026 shares of company stock valued at $187,848,418. 50.22% of the stock is currently owned by insiders.

WMT traded up $0.43 on Tuesday, reaching $112.42. 5,602,580 shares of the stock were exchanged, compared to its average volume of 7,141,619. The company’s 50-day moving average price is $111.49 and its 200 day moving average price is $104.44. Walmart Inc has a fifty-two week low of $85.78 and a fifty-two week high of $115.49. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.76 and a quick ratio of 0.21. The firm has a market capitalization of $316.39 billion, a PE ratio of 22.90, a PEG ratio of 4.78 and a beta of 0.41.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, topping the Zacks’ 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 analysts’ expectations of $129.32 billion. During the same quarter in the previous year, the firm posted $1.29 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts forecast that Walmart Inc will post 4.91 earnings per share for the current fiscal year.

Walmart 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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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