OMC Financial Services LTD Invests $1.92 Million in Walmart Inc. (NYSE:WMT)

OMC Financial Services LTD acquired a new stake in Walmart Inc. (NYSE:WMT) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 31,961 shares of the retailer’s stock, valued at approximately $1,923,000. Walmart makes up approximately 1.0% of OMC Financial Services LTD’s investment portfolio, making the stock its 23rd largest holding.

A number of other institutional investors have also modified their holdings of the company. Partnership Wealth Management LLC acquired a new stake in Walmart in the 4th quarter valued at $30,000. Able Wealth Management LLC acquired a new stake in shares of Walmart in the fourth quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Walmart during the 4th quarter valued at about $32,000. Signature Resources Capital Management LLC acquired a new position in Walmart during the 4th quarter worth approximately $35,000. Finally, Tidemark LLC purchased a new position in Walmart in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

NYSE:WMT traded down $1.33 during midday trading on Friday, hitting $68.46. 23,578,664 shares of the stock were exchanged, compared to its average volume of 14,048,109. The business has a 50-day moving average price of $68.23 and a two-hundred day moving average price of $62.29. 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 company has a market capitalization of $550.66 billion, a price-to-earnings ratio of 29.30, a P/E/G ratio of 4.02 and a beta of 0.50. Walmart Inc. has a one year low of $49.85 and a one year high of $71.33.

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

Insider Buying and Selling

In other Walmart news, Director S Robson Walton sold 3,540,250 shares of Walmart stock in a transaction on Friday, May 17th. The shares were sold at an average price of $64.55, for a total transaction of $228,523,137.50. Following the completion of the sale, the director now owns 648,504,011 shares of the company’s stock, valued at approximately $41,860,933,910.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the transaction, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director S Robson Walton sold 3,540,250 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $64.55, for a total transaction of $228,523,137.50. Following the completion of the sale, the director now directly owns 648,504,011 shares of the company’s stock, valued at $41,860,933,910.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,537,863 shares of company stock worth $954,247,577. Corporate insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on WMT shares. Bank of America boosted their target price on shares of Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Tigress Financial boosted their price objective on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Oppenheimer boosted their price target on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Deutsche Bank Aktiengesellschaft increased their price target on Walmart from $71.00 to $77.00 and gave the company a “buy” rating in a report on Monday, July 1st. Finally, BMO Capital Markets lifted their price objective on Walmart from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $71.60.

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.