Signature Estate & Investment Advisors LLC Boosts Stock Holdings in Walmart Inc. (NYSE:WMT)

Signature Estate & Investment Advisors LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 292.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 882,795 shares of the retailer’s stock after acquiring an additional 658,070 shares during the quarter. Walmart accounts for about 1.5% of Signature Estate & Investment Advisors LLC’s portfolio, making the stock its 20th largest position. Signature Estate & Investment Advisors LLC’s holdings in Walmart were worth $53,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of WMT. Northwest Capital Management Inc increased its holdings in Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after buying an additional 293 shares during the last quarter. Partnership Wealth Management LLC purchased a new position in Walmart in the fourth quarter valued at $30,000. Able Wealth Management LLC purchased a new position in Walmart in the fourth quarter valued at $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in Walmart in the fourth quarter valued at $32,000. Finally, Signature Resources Capital Management LLC purchased a new position in Walmart in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the sale, the chief executive officer now owns 4,018,650 shares in the company, valued at $241,239,559.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the sale, the insider now owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the sale, the chief executive officer now owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The disclosure for this sale can be found here. Insiders sold a total of 14,527,738 shares of company stock valued at $953,190,060 in the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Royal Bank of Canada increased their target price on Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 19th. Oppenheimer upped their price objective on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. DA Davidson upped their price objective on shares of Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Roth Mkm increased their target price on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Three investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.44.

Walmart Price Performance

Walmart stock traded up $0.09 during mid-day trading on Wednesday, reaching $70.74. The company had a trading volume of 12,177,778 shares, compared to its average volume of 17,287,146. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $71.33. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The company has a market capitalization of $569.00 billion, a P/E ratio of 30.30, a P/E/G ratio of 4.06 and a beta of 0.50. The stock’s 50-day simple moving average is $67.37 and its 200-day simple moving average is $61.51.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same period last year, the company posted $0.49 EPS. The company’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts predict that Walmart Inc. will post 2.43 EPS for the current year.

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.