Flagship Harbor Advisors LLC Grows Stock Holdings in Walmart Inc. (NYSE:WMT)

Flagship Harbor Advisors LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,250 shares of the retailer’s stock after buying an additional 383 shares during the period. Flagship Harbor Advisors LLC’s holdings in Walmart were worth $2,869,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of WMT. Sageworth Trust Co boosted its stake in shares of Walmart by 2,414.3% in the first quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock valued at $26,000 after purchasing an additional 169 shares during the period. Dark Forest Capital Management LP purchased a new position in Walmart in the fourth quarter valued at $27,000. NewSquare Capital LLC boosted its holdings in Walmart by 58.3% in the first quarter. NewSquare Capital LLC now owns 190 shares of the retailer’s stock valued at $28,000 after purchasing an additional 70 shares during the period. First Command Advisory Services Inc. boosted its holdings in Walmart by 387.8% in the first quarter. First Command Advisory Services Inc. now owns 200 shares of the retailer’s stock valued at $29,000 after purchasing an additional 159 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new position in Walmart in the first quarter valued at $29,000. 33.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein lifted their price target on shares of Walmart from $159.00 to $165.00 and gave the stock a “market perform” rating in a research note on Friday, August 18th. Royal Bank of Canada lifted their price target on shares of Walmart from $165.00 to $168.00 and gave the stock an “outperform” rating in a research note on Friday, August 18th. The Goldman Sachs Group lifted their price target on Walmart from $176.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Morgan Stanley lifted their price target on Walmart from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, August 18th. Finally, Bank of America lifted their price target on Walmart from $175.00 to $190.00 in a report on Wednesday, August 9th. Four research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $176.51.

Walmart Price Performance

Walmart stock opened at $164.64 on Friday. The firm has a market cap of $443.14 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 3.90 and a beta of 0.49. Walmart Inc. has a one year low of $128.07 and a one year high of $165.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.26. The stock’s fifty day moving average price is $159.34 and its two-hundred day moving average price is $152.61.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 17th. The retailer reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. The firm had revenue of $161.63 billion during the quarter, compared to analysts’ expectations of $160.22 billion. Walmart had a net margin of 2.23% and a return on equity of 21.47%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.77 earnings per share. As a group, research analysts expect that Walmart Inc. will post 6.44 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Jim C. Walton sold 2,149,275 shares of the firm’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $153.97, for a total transaction of $330,923,871.75. Following the completion of the transaction, the insider now directly owns 235,440,961 shares of the company’s stock, valued at approximately $36,250,844,765.17. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Jim C. Walton sold 2,149,275 shares of Walmart stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $153.97, for a total value of $330,923,871.75. Following the completion of the transaction, the insider now directly owns 235,440,961 shares of the company’s stock, valued at approximately $36,250,844,765.17. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $155.04, for a total value of $1,505,128.32. Following the completion of the transaction, the chief executive officer now directly owns 1,490,621 shares of the company’s stock, valued at $231,105,879.84. The disclosure for this sale can be found here. Insiders sold a total of 6,493,773 shares of company stock valued at $1,005,802,298 in the last three months. Insiders own 46.51% of the company’s stock.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.