OMC Financial Services LTD Purchases New Holdings in Walmart Inc. (NYSE:WMT)

OMC Financial Services LTD bought a new stake in shares of Walmart Inc. (NYSE:WMT) in the 1st quarter, Holdings Channel reports. The firm bought 31,961 shares of the retailer’s stock, valued at approximately $1,923,000. Walmart makes up 1.0% of OMC Financial Services LTD’s investment portfolio, making the stock its 23rd biggest holding.

A number of other hedge funds have also recently modified their holdings of WMT. EntryPoint Capital LLC bought a new position in shares of Walmart in the first quarter worth about $25,000. Northwest Capital Management Inc increased its position in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares during the period. Partnership Wealth Management LLC bought a new stake in shares of Walmart during the fourth quarter valued at approximately $30,000. Able Wealth Management LLC purchased a new stake in shares of Walmart in the fourth quarter valued at approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC bought a new position in Walmart in the fourth quarter worth approximately $32,000. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 1,132,123 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the transaction, the insider now directly owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Alice L. Walton sold 1,132,123 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the sale, the insider now directly owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the sale, the director now directly owns 144,807 shares of the company’s stock, valued at approximately $9,386,389.74. The disclosure for this sale can be found here. Insiders have sold 14,537,863 shares of company stock valued at $954,247,577 over the last ninety days. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on Walmart from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, July 1st. HSBC raised their target price on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. KeyCorp increased their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 27th. Finally, Jefferies Financial Group lifted their price target on Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a report on Monday, June 10th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $71.60.

Walmart Price Performance

NYSE:WMT traded down $1.33 during trading hours on Friday, reaching $68.46. 23,578,664 shares of the company were exchanged, compared to its average volume of 14,048,109. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The firm has a market cap of $550.66 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 4.02 and a beta of 0.50. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $71.33. The stock’s 50-day moving average is $68.23 and its 200-day moving average is $62.29.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, sell-side analysts anticipate that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Walmart 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.