Hollencrest Capital Management Has $841,000 Stock Position in Walmart Inc (NYSE:WMT)

Hollencrest Capital Management increased its position in Walmart Inc (NYSE:WMT) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,604 shares of the retailer’s stock after purchasing an additional 145 shares during the quarter. Hollencrest Capital Management’s holdings in Walmart were worth $841,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in WMT. Lincoln Capital LLC grew its holdings in Walmart by 1.5% in the 2nd quarter. Lincoln Capital LLC now owns 6,546 shares of the retailer’s stock valued at $723,000 after buying an additional 94 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA grew its holdings in Walmart by 2.1% in the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 4,814 shares of the retailer’s stock valued at $470,000 after buying an additional 97 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in Walmart by 1.1% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 9,623 shares of the retailer’s stock valued at $939,000 after buying an additional 100 shares in the last quarter. Woodstock Corp grew its holdings in Walmart by 0.3% in the 2nd quarter. Woodstock Corp now owns 36,361 shares of the retailer’s stock valued at $4,018,000 after buying an additional 100 shares in the last quarter. Finally, Integrated Investment Consultants LLC grew its holdings in Walmart by 4.8% in the 2nd quarter. Integrated Investment Consultants LLC now owns 2,168 shares of the retailer’s stock valued at $240,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 30.04% of the company’s stock.

In related news, major shareholder Jim C. Walton sold 1,626,851 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $101.08, for a total transaction of $164,442,099.08. Following the transaction, the insider now owns 17,502,080 shares in the company, valued at approximately $1,769,110,246.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel J. Bartlett sold 3,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $109.14, for a total value of $327,420.00. Following the transaction, the insider now owns 122,673 shares in the company, valued at approximately $13,388,531.22. The disclosure for this sale can be found here. In the last three months, insiders sold 5,559,285 shares of company stock valued at $571,021,654. 50.22% of the stock is currently owned by corporate insiders.

A number of research analysts have commented on WMT shares. KeyCorp reaffirmed a “hold” rating on shares of Westrock in a report on Monday, June 24th. Deutsche Bank upped their price objective on Walmart from $118.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 17th. UBS Group set a $25.00 target price on Macy’s and gave the company a “hold” rating in a research report on Friday, May 17th. Gordon Haskett upgraded W W Grainger from an “underperform” rating to a “hold” rating and set a $264.58 target price for the company in a research report on Friday, May 17th. Finally, Daiwa Capital Markets upgraded Walmart from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 21st. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $109.56.

WMT stock traded down $0.39 during mid-day trading on Monday, hitting $112.63. 6,077 shares of the stock were exchanged, compared to its average volume of 3,914,974. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.77 and a quick ratio of 0.21. The firm’s fifty day simple moving average is $111.31. Walmart Inc has a 12 month low of $85.78 and a 12 month high of $115.49. The company has a market cap of $320.70 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 4.94 and a beta of 0.41.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.11. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The firm had revenue of $122.95 billion during the quarter, compared to analyst estimates of $124.51 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s revenue was up 1.1% compared to the same quarter last year. As a group, research analysts predict that Walmart Inc will post 4.84 earnings per share for the current fiscal year.

Walmart Company Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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