Sunpointe LLC Takes $665,000 Position in Walmart Inc. (NYSE:WMT)

Sunpointe LLC acquired a new stake in Walmart Inc. (NYSE:WMT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,201 shares of the retailer’s stock, valued at approximately $665,000. Walmart accounts for 0.8% of Sunpointe LLC’s portfolio, making the stock its 28th biggest holding.

Other large investors also recently modified their holdings of the company. Valley Brook Capital Group Inc. boosted its position in shares of Walmart by 4.2% during the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after acquiring an additional 315 shares during the last quarter. Core Wealth Advisors Inc. lifted its position in Walmart by 38.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after purchasing an additional 420 shares during the last quarter. Motco grew its stake in Walmart by 1.3% in the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock worth $9,191,000 after buying an additional 726 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Walmart by 24.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock worth $12,351,000 after buying an additional 15,448 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Walmart during the 4th quarter valued at $2,340,000. 26.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WMT. BMO Capital Markets increased their target price on Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Robert W. Baird boosted their target price on Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. HSBC increased their price target on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday. Roth Mkm increased their target price on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, JPMorgan Chase & Co. raised shares of Walmart from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $66.00 to $81.00 in a research note on Monday. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average target price of $69.94.

Walmart Stock Up 0.5 %

Walmart stock traded up $0.34 on Friday, hitting $67.04. 12,587,972 shares of the stock traded hands, compared to its average volume of 18,256,240. The business’s fifty day simple moving average is $62.47 and its 200 day simple moving average is $58.15. The firm has a market cap of $539.24 billion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 3.83 and a beta of 0.52. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $67.57.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. Walmart’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the company posted $0.49 EPS. As a group, sell-side analysts forecast that Walmart Inc. will post 2.42 earnings per share for the current year.

Insider Transactions at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total transaction 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 approximately $42,092,120,157.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $66.85, for a total transaction of $877,406.25. Following the completion of the sale, the executive vice president now directly owns 658,665 shares of the company’s stock, valued at $44,031,755.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 1,132,123 shares of Walmart stock in a transaction on 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 transaction, the insider now owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The disclosure for this sale can be found here. Insiders have sold a total of 14,493,971 shares of company stock valued at $950,549,592 in the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

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.