Hillsdale Investment Management Inc. Has $281,000 Holdings in Walmart Inc. (NYSE:WMT)

Hillsdale Investment Management Inc. lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 164.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,666 shares of the retailer’s stock after purchasing an additional 2,904 shares during the period. Hillsdale Investment Management Inc.’s holdings in Walmart were worth $281,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of WMT. Northwest Capital Management Inc boosted its position in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares during the last quarter. Partnership Wealth Management LLC bought a new stake in Walmart during the fourth quarter valued at $30,000. Able Wealth Management LLC bought a new stake in Walmart during the fourth quarter valued at $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in Walmart during the fourth quarter valued at $32,000. Finally, Signature Resources Capital Management LLC bought a new stake in Walmart during the fourth quarter valued at $35,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Down 0.5 %

Shares of WMT traded down $0.37 during trading hours on Monday, reaching $70.38. 12,657,814 shares of the company traded hands, compared to its average volume of 17,393,406. The company’s fifty day moving average price is $67.16 and its two-hundred day moving average price is $61.38. The company has a market capitalization of $566.10 billion, a price-to-earnings ratio of 30.12, a price-to-earnings-growth ratio of 4.08 and a beta of 0.50. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $71.33.

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

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the transaction, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the sale, the executive vice president now directly owns 463,871 shares in the company, valued at $32,239,034.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the transaction, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The disclosure for this sale can be found here. Insiders sold a total of 14,527,738 shares of company stock valued at $953,190,060 in the last three months. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WMT shares. Oppenheimer upped their price objective on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Stifel Nicolaus upped their price objective on shares of Walmart from $69.00 to $71.00 and gave the company a “hold” rating in a report on Tuesday, July 2nd. Bank of America upped their price objective on shares of Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Telsey Advisory Group upped their price objective on shares of Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, June 10th. Finally, KeyCorp upped their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $71.09.

Walmart 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.