Main Street Financial Solutions LLC Grows Stock Holdings in Walmart Inc. (NYSE:WMT)

Main Street Financial Solutions LLC boosted its stake in Walmart Inc. (NYSE:WMT) by 18.4% during the second quarter, HoldingsChannel reports. The firm owned 10,549 shares of the retailer’s stock after buying an additional 1,639 shares during the period. Main Street Financial Solutions LLC’s holdings in Walmart were worth $1,488,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Kornitzer Capital Management Inc. KS increased its position in Walmart by 0.5% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 185,562 shares of the retailer’s stock valued at $26,168,000 after purchasing an additional 935 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Walmart by 10.0% during the 1st quarter. Schroder Investment Management Group now owns 353,553 shares of the retailer’s stock valued at $48,023,000 after buying an additional 32,229 shares in the last quarter. Bank of Nova Scotia grew its position in shares of Walmart by 7.7% in the 1st quarter. Bank of Nova Scotia now owns 1,206,574 shares of the retailer’s stock worth $163,889,000 after buying an additional 86,702 shares during the period. Eqis Capital Management Inc. increased its stake in shares of Walmart by 14.2% in the 1st quarter. Eqis Capital Management Inc. now owns 11,470 shares of the retailer’s stock worth $1,558,000 after acquiring an additional 1,430 shares in the last quarter. Finally, Tudor Investment Corp Et Al lifted its position in Walmart by 396.0% during the 1st quarter. Tudor Investment Corp Et Al now owns 113,202 shares of the retailer’s stock valued at $15,376,000 after acquiring an additional 90,378 shares during the period. 30.22% of the stock is owned by hedge funds and other institutional investors.

NYSE WMT traded up $0.19 on Wednesday, reaching $144.49. 202,050 shares of the stock traded hands, compared to its average volume of 8,242,497. Walmart Inc. has a 12 month low of $126.28 and a 12 month high of $153.66. The company has a quick ratio of 0.38, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. The company has a market cap of $402.91 billion, a price-to-earnings ratio of 40.66, a P/E/G ratio of 4.21 and a beta of 0.47. The firm’s fifty day simple moving average is $145.38 and its 200 day simple moving average is $140.40.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Monday, August 16th. The retailer reported $1.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.21. The firm had revenue of $141 billion for the quarter, compared to the consensus estimate of $136.07 billion. Walmart had a return on equity of 20.22% and a net margin of 1.78%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.56 EPS. As a group, equities research analysts forecast that Walmart Inc. will post 6.3 EPS for the current fiscal year.

In other Walmart news, major shareholder Alice L. Walton sold 1,005,832 shares of the business’s stock in a transaction dated Tuesday, June 22nd. The stock was sold at an average price of $137.17, for a total transaction of $137,969,975.44. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $925,702,718.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 6,906,863 shares of the stock in a transaction on Tuesday, June 29th. The shares were sold at an average price of $137.40, for a total value of $949,002,976.20. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $927,254,892. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,035,211 shares of company stock valued at $2,963,644,200. 48.44% of the stock is owned by company insiders.

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on Walmart from $165.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 18th. Morgan Stanley reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Walmart in a report on Monday, August 30th. The Goldman Sachs Group restated a “buy” rating and set a $170.00 price target on shares of Walmart in a research note on Tuesday, May 18th. Zacks Investment Research cut shares of Walmart from a “buy” rating to a “hold” rating and set a $158.00 price objective on the stock. in a research note on Wednesday, August 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Walmart from $181.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, August 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, Walmart currently has an average rating of “Buy” and a consensus price target of $167.59.

Walmart Company Profile

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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