TCG Advisors LP Raises Position in Walmart Inc (NYSE:WMT)
TCG Advisors LP grew its holdings in shares of Walmart Inc (NYSE:WMT) by 64.8% during the first quarter, HoldingsChannel reports. The firm owned 15,606 shares of the retailer’s stock after purchasing an additional 6,139 shares during the quarter. Walmart accounts for approximately 1.5% of TCG Advisors LP’s investment portfolio, making the stock its 18th largest holding. TCG Advisors LP’s holdings in Walmart were worth $1,773,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Orser Capital Management LLC raised its position in shares of Walmart by 13.2% in the 4th quarter. Orser Capital Management LLC now owns 2,400 shares of the retailer’s stock worth $287,000 after buying an additional 280 shares during the period. TLW Wealth Management LLC raised its position in Walmart by 32.8% in the fourth quarter. TLW Wealth Management LLC now owns 29,209 shares of the retailer’s stock valued at $3,471,000 after purchasing an additional 7,222 shares during the period. CFM Wealth Partners LLC purchased a new position in Walmart in the fourth quarter valued at about $1,540,000. Oldfather Financial Services LLC purchased a new position in Walmart in the fourth quarter valued at about $549,000. Finally, Glenview State Bank Trust DEPT. raised its position in Walmart by 5.2% in the fourth quarter. Glenview State Bank Trust DEPT. now owns 9,360 shares of the retailer’s stock valued at $1,113,000 after purchasing an additional 460 shares during the period. 29.97% of the stock is currently owned by institutional investors.
In other Walmart news, EVP Marc E. Lore sold 85,000 shares of Walmart stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $128.52, for a total transaction of $10,924,200.00. Following the transaction, the executive vice president now directly owns 2,387,965 shares in the company, valued at approximately $306,901,261.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 7,324 shares of Walmart stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $126.00, for a total transaction of $922,824.00. Following the transaction, the executive vice president now owns 51,526 shares in the company, valued at $6,492,276. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 262,324 shares of company stock worth $32,286,124. Corporate insiders own 50.22% of the company’s stock.
Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, May 19th. The retailer reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.06. The firm had revenue of $134.62 billion for the quarter, compared to analyst estimates of $130.91 billion. Walmart had a net margin of 2.81% and a return on equity of 18.33%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.13 earnings per share. Equities analysts expect that Walmart Inc will post 4.93 earnings per share for the current year.
Several analysts have recently weighed in on WMT shares. Barclays raised their target price on Walmart from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Bank of America raised their target price on Walmart from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Cfra lowered their target price on Walmart from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Citigroup restated a “buy” rating and set a $140.00 target price (up from $137.00) on shares of Walmart in a research note on Thursday, April 23rd. Finally, BNP Paribas started coverage on Walmart in a research note on Thursday, March 26th. They set an “underperform” rating and a $98.00 target price for the company. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $132.03.
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.
Recommended Story: G-20
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc (NYSE:WMT).
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.