Signaturefd LLC Grows Stock Position in Walmart Inc. (NYSE:WMT)

Signaturefd LLC boosted its holdings in Walmart Inc. (NYSE:WMT) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 148,689 shares of the retailer’s stock after acquiring an additional 6,550 shares during the quarter. Signaturefd LLC’s holdings in Walmart were worth $10,068,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of WMT. GUNN & Co INVESTMENT MANAGEMENT INC. raised its position in Walmart by 1,159.6% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 361,920 shares of the retailer’s stock worth $57,057,000 after acquiring an additional 333,187 shares in the last quarter. Choreo LLC raised its position in Walmart by 22.4% in the fourth quarter. Choreo LLC now owns 20,244 shares of the retailer’s stock worth $3,203,000 after acquiring an additional 3,702 shares in the last quarter. Steele Capital Management Inc. purchased a new position in Walmart in the fourth quarter worth $422,000. Duff & Phelps Investment Management Co. increased its position in shares of Walmart by 0.9% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 15,916 shares of the retailer’s stock valued at $2,509,000 after buying an additional 140 shares in the last quarter. Finally, Cozad Asset Management Inc. increased its position in shares of Walmart by 0.4% in the fourth quarter. Cozad Asset Management Inc. now owns 21,709 shares of the retailer’s stock valued at $3,422,000 after buying an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the transaction, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP John D. Rainey sold 25,578 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $65.48, for a total transaction of $1,674,847.44. Following the transaction, the executive vice president now directly owns 415,743 shares of the company’s stock, valued at approximately $27,222,851.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total value of $207,570.00. Following the transaction, the executive vice president now directly owns 387,165 shares in the company, valued at $26,787,946.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,332,089 shares of company stock valued at $422,145,654. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group raised their price target on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Tigress Financial raised their price target on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft raised their price target on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Barclays raised their price target on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Telsey Advisory Group raised their price target on Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $78.64.

Walmart Trading Up 1.1 %

Shares of NYSE WMT traded up $0.81 during midday trading on Friday, hitting $77.23. The stock had a trading volume of 23,093,840 shares, compared to its average volume of 17,417,189. The company has a market capitalization of $621.20 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 3.81 and a beta of 0.50. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $77.47. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average price of $70.36 and a 200 day moving average price of $64.53.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $0.61 EPS. On average, analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

About Walmart

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.