Cypress Wealth Services LLC boosted its stake in shares of Walmart Inc (NYSE:WMT) by 2.9% during the second quarter, Holdings Channel.com reports. The firm owned 29,824 shares of the retailer’s stock after purchasing an additional 835 shares during the quarter. Cypress Wealth Services LLC’s holdings in Walmart were worth $3,295,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of WMT. Daiwa Securities Group Inc. boosted its holdings in Walmart by 4.7% in the second quarter. Daiwa Securities Group Inc. now owns 128,427 shares of the retailer’s stock worth $14,190,000 after acquiring an additional 5,823 shares in the last quarter. Lipe & Dalton acquired a new stake in Walmart in the second quarter worth about $41,000. Quadrant Capital Group LLC boosted its holdings in Walmart by 12.4% in the second quarter. Quadrant Capital Group LLC now owns 8,643 shares of the retailer’s stock worth $933,000 after acquiring an additional 954 shares in the last quarter. Clarus Wealth Advisors boosted its holdings in Walmart by 20.0% in the second quarter. Clarus Wealth Advisors now owns 3,958 shares of the retailer’s stock worth $437,000 after acquiring an additional 659 shares in the last quarter. Finally, FNY Investment Advisers LLC boosted its holdings in Walmart by 65.4% in the second quarter. FNY Investment Advisers LLC now owns 900 shares of the retailer’s stock worth $99,000 after acquiring an additional 356 shares in the last quarter. 30.04% of the stock is currently owned by institutional investors.
Walmart stock opened at $109.40 on Friday. The stock has a market capitalization of $315.10 billion, a PE ratio of 22.48, a PEG ratio of 4.82 and a beta of 0.41. Walmart Inc has a 12 month low of $85.78 and a 12 month high of $115.49. The firm has a 50 day simple moving average of $111.91. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.77 and a quick ratio of 0.21.
Several equities research analysts have weighed in on the company. Wolfe Research downgraded Walmart from a “peer perform” rating to an “underperform” rating in a report on Wednesday, May 8th. Deutsche Bank raised their price target on Walmart from $118.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Morgan Stanley raised their price target on Walmart from $113.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Zacks Investment Research raised Walmart from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a report on Wednesday, May 22nd. Finally, Goldman Sachs Group assumed coverage on Walmart in a report on Thursday, July 11th. They issued a “buy” rating and a $123.00 price target for the company. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $109.56.
In other news, insider Daniel J. Bartlett sold 3,000 shares of Walmart stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $109.14, for a total value of $327,420.00. Following the sale, the insider now directly owns 122,673 shares of the company’s stock, valued at $13,388,531.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Jim C. Walton sold 1,626,851 shares of Walmart stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $101.08, for a total value of $164,442,099.08. Following the completion of the sale, the insider now directly owns 17,502,080 shares in the company, valued at $1,769,110,246.40. The disclosure for this sale can be found here. Insiders sold 5,559,285 shares of company stock valued at $571,021,654 over the last 90 days. Company insiders own 51.11% of the company’s stock.
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.
Further Reading: What is Green Investing?
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).
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.