OMC Financial Services LTD Has $2.94 Million Position in Walmart Inc. (NYSE:WMT)

OMC Financial Services LTD boosted its position in Walmart Inc. (NYSE:WMT) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,546 shares of the retailer’s stock after buying an additional 1,122 shares during the quarter. Walmart makes up about 1.3% of OMC Financial Services LTD’s portfolio, making the stock its 19th biggest position. OMC Financial Services LTD’s holdings in Walmart were worth $2,941,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Brophy Wealth Management LLC bought a new stake in Walmart during the third quarter worth about $2,072,000. Bank of New Hampshire increased its position in shares of Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after purchasing an additional 5,786 shares during the last quarter. Iowa State Bank raised its stake in shares of Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after purchasing an additional 18,263 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after buying an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Walmart in the third quarter valued at $541,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of several analyst reports. Tigress Financial upped their price target on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $105.00 target price on shares of Walmart in a research note on Wednesday, January 15th. Bank of America boosted their price target on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Telsey Advisory Group increased their price target on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $96.95.

Walmart Price Performance

WMT stock opened at $102.77 on Tuesday. The company’s 50-day moving average price is $94.07 and its two-hundred day moving average price is $84.36. The firm has a market cap of $825.62 billion, a P/E ratio of 42.18, a P/E/G ratio of 4.25 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12 month low of $55.85 and a 12 month high of $103.11.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period last year, the firm posted $0.51 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the sale, the chief executive officer now directly owns 3,766,491 shares of the company’s stock, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the transaction, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,177 shares of company stock valued at $16,403,728. Corporate insiders own 45.58% of the company’s stock.

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.