SPC Financial Inc. Has $4.33 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

SPC Financial Inc. grew its stake in Walmart Inc. (NYSE:WMT) by 0.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 63,895 shares of the retailer’s stock after purchasing an additional 504 shares during the quarter. SPC Financial Inc.’s holdings in Walmart were worth $4,326,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WMT. EntryPoint Capital LLC bought a new position in shares of Walmart in the first quarter valued at $25,000. Northwest Capital Management Inc raised its holdings in shares of Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the period. TruNorth Capital Management LLC lifted its stake in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. bought a new position in Walmart during the second quarter worth about $29,000. Finally, Able Wealth Management LLC acquired a new position in Walmart during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Shares of WMT opened at $80.75 on Tuesday. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.60. The stock has a market cap of $649.09 billion, a P/E ratio of 34.56, a P/E/G ratio of 4.00 and a beta of 0.51. The business’s fifty day moving average is $74.64 and its 200 day moving average is $67.71. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS. Sell-side analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

WMT has been the subject of several research analyst reports. Oppenheimer lifted their target price on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Telsey Advisory Group lifted their price objective on shares of Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Evercore ISI increased their price objective on shares of Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. DA Davidson lifted their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. One analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $81.62.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the completion of the sale, the executive vice president now directly owns 606,165 shares of the company’s stock, valued at approximately $49,123,611.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total value of $1,063,650.00. Following the completion of the transaction, the executive vice president now directly owns 606,165 shares of the company’s stock, valued at $49,123,611.60. The disclosure for this sale can be found here. Insiders have sold 12,334,670 shares of company stock worth $958,025,027 over the last 90 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.