Walmart Inc. (NYSE:WMT) is Hamel Associates Inc.’s 2nd Largest Position

Hamel Associates Inc. lessened its position in Walmart Inc. (NYSE:WMT) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 237,323 shares of the retailer’s stock after selling 1,735 shares during the period. Walmart comprises 5.1% of Hamel Associates Inc.’s portfolio, making the stock its 2nd largest holding. Hamel Associates Inc.’s holdings in Walmart were worth $16,069,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Partnership Wealth Management LLC purchased a new position in shares of Walmart in the 4th quarter worth about $30,000. Able Wealth Management LLC purchased a new position in shares of Walmart in the 4th quarter valued at $30,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Walmart during the 4th quarter valued at $32,000. Tidemark LLC purchased a new stake in Walmart during the 4th quarter worth $37,000. Finally, Frank Rimerman Advisors LLC acquired a new stake in Walmart in the 4th quarter valued at $48,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 0.6 %

Walmart stock traded down $0.50 during midday trading on Thursday, reaching $76.74. The stock had a trading volume of 4,922,153 shares, compared to its average volume of 17,380,859. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $77.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The firm has a market cap of $617.26 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 3.87 and a beta of 0.51. The firm’s fifty day simple moving average is $71.09 and its two-hundred day simple moving average is $65.16.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the prior year, the business posted $0.61 earnings per share. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WMT shares. Telsey Advisory Group raised their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Raymond James upped their target price on shares of Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Morgan Stanley increased their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Tigress Financial boosted their price objective on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Wells Fargo & Company increased their target price on Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $78.99.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the transaction, the chief executive officer now owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Alice L. Walton sold 1,250,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $66.11, for a total value of $82,637,500.00. Following the sale, the insider now directly owns 640,532,611 shares in the company, valued at approximately $42,345,610,913.21. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the sale, the chief executive officer now owns 3,931,301 shares in the company, valued at $277,589,163.61. The disclosure for this sale can be found here. Insiders have sold 6,306,511 shares of company stock valued at $420,470,807 over the last three months. 45.58% of the stock is currently owned by insiders.

Walmart Company Profile

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.