Walmart Inc (NYSE:WMT) Stock Holdings Lifted by Fortem Financial Group LLC

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Fortem Financial Group LLC boosted its stake in shares of Walmart Inc (NYSE:WMT) by 11.0% during the second quarter, HoldingsChannel.com reports. The firm owned 10,221 shares of the retailer’s stock after acquiring an additional 1,014 shares during the period. Fortem Financial Group LLC’s holdings in Walmart were worth $1,224,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Capstone Financial Group Inc. grew its position in Walmart by 8.4% during the second quarter. Capstone Financial Group Inc. now owns 15,095 shares of the retailer’s stock valued at $1,916,000 after purchasing an additional 1,172 shares in the last quarter. Hilton Capital Management LLC purchased a new position in Walmart during the second quarter valued at approximately $21,486,000. Stock Yards Bank & Trust Co. grew its position in Walmart by 2.5% during the second quarter. Stock Yards Bank & Trust Co. now owns 9,499 shares of the retailer’s stock valued at $1,138,000 after purchasing an additional 229 shares in the last quarter. MADDEN SECURITIES Corp purchased a new position in Walmart during the second quarter valued at approximately $460,000. Finally, Steigerwald Gordon & Koch Inc. grew its position in Walmart by 443.7% during the second quarter. Steigerwald Gordon & Koch Inc. now owns 42,853 shares of the retailer’s stock valued at $5,133,000 after purchasing an additional 34,971 shares in the last quarter. 29.95% of the stock is currently owned by hedge funds and other institutional investors.

In other Walmart news, EVP Kathryn J. Mclay sold 7,324 shares of Walmart stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $126.00, for a total transaction of $922,824.00. Following the completion of the transaction, the executive vice president now directly owns 51,526 shares of the company’s stock, valued at $6,492,276. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Marc E. Lore sold 85,000 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $128.52, for a total transaction of $10,924,200.00. Following the completion of the sale, the executive vice president now owns 2,387,965 shares in the company, valued at approximately $306,901,261.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 347,324 shares of company stock valued at $43,065,824. Corporate insiders own 50.43% of the company’s stock.

WMT has been the topic of a number of research analyst reports. Credit Suisse Group boosted their price objective on shares of Walmart from $127.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. Barclays lifted their target price on shares of Walmart from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Nomura Securities reiterated a “buy” rating and issued a $131.00 target price on shares of Walmart in a research note on Monday, March 23rd. Cowen lifted their target price on shares of Walmart from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. Finally, Stifel Nicolaus lifted their target price on shares of Walmart from $117.00 to $125.00 and gave the company a “hold” rating in a research note on Wednesday, May 20th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $132.45.

Walmart stock traded up $2.49 on Tuesday, hitting $132.01. The company’s stock had a trading volume of 8,797,251 shares, compared to its average volume of 9,547,869. Walmart Inc has a one year low of $102.00 and a one year high of $133.63. The firm has a market cap of $367.02 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 5.00 and a beta of 0.28. The company has a quick ratio of 0.27, a current ratio of 0.77 and a debt-to-equity ratio of 0.85. The company has a fifty day moving average price of $121.77 and a 200-day moving average price of $119.66.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, May 19th. The retailer reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. The business had revenue of $134.62 billion for the quarter, compared to analyst estimates of $130.91 billion. Walmart had a net margin of 2.81% and a return on equity of 18.33%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 EPS. Analysts anticipate that Walmart Inc will post 4.93 EPS for the current year.

About Walmart

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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