Hollencrest Capital Management Has $1.97 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Hollencrest Capital Management decreased its stake in shares of Walmart Inc. (NYSE:WMT) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,345 shares of the retailer’s stock after selling 858 shares during the period. Hollencrest Capital Management’s holdings in Walmart were worth $1,966,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. WFA Asset Management Corp boosted its position in shares of Walmart by 201.0% in the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after purchasing an additional 1,397 shares during the last quarter. Dupont Capital Management Corp grew its position in shares of Walmart by 165.4% during the 1st quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock worth $16,255,000 after buying an additional 168,346 shares during the period. Shoker Investment Counsel Inc. increased its stake in shares of Walmart by 200.2% in the 1st quarter. Shoker Investment Counsel Inc. now owns 4,617 shares of the retailer’s stock valued at $277,000 after acquiring an additional 3,079 shares during the last quarter. AlphaQ Advisors LLC raised its position in shares of Walmart by 192.3% in the 1st quarter. AlphaQ Advisors LLC now owns 51,999 shares of the retailer’s stock valued at $3,129,000 after acquiring an additional 34,212 shares during the period. Finally, Peregrine Asset Advisers Inc. boosted its stake in Walmart by 200.0% during the 1st quarter. Peregrine Asset Advisers Inc. now owns 5,970 shares of the retailer’s stock worth $359,000 after acquiring an additional 3,980 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,823,647 in the last three months. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

Shares of NYSE WMT traded up $1.21 during trading hours on Friday, hitting $85.06. 3,319,673 shares of the stock were exchanged, compared to its average volume of 16,726,771. The company’s fifty day simple moving average is $80.22 and its two-hundred day simple moving average is $71.67. The company has a market cap of $683.73 billion, a PE ratio of 44.20, a price-to-earnings-growth ratio of 4.18 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $85.54.

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

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent analyst reports. Tigress Financial lifted their price target on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. The Goldman Sachs Group increased their price target on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Bank of America lifted their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. increased their target price on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, TD Cowen lifted their price target on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Walmart currently has an average rating of “Buy” and an average target price of $83.92.

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.