Walmart Inc (NYSE:WMT) Shares Bought by Shulman DeMeo Asset Management LLC
Shulman DeMeo Asset Management LLC grew its holdings in shares of Walmart Inc (NYSE:WMT) by 62.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,274 shares of the retailer’s stock after purchasing an additional 2,411 shares during the period. Shulman DeMeo Asset Management LLC’s holdings in Walmart were worth $693,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WMT. Clarfeld Financial Advisors LLC purchased a new stake in shares of Walmart during the 4th quarter worth approximately $25,000. C J Advisory Inc purchased a new stake in shares of Walmart during the 1st quarter worth approximately $29,000. Financial Gravity Wealth Inc. purchased a new stake in shares of Walmart during the 1st quarter worth approximately $35,000. WP Advisors LLC purchased a new stake in shares of Walmart during the 1st quarter worth approximately $37,000. Finally, Stone House Investment Management LLC purchased a new stake in shares of Walmart during the 1st quarter worth approximately $38,000. Institutional investors own 30.04% of the company’s stock.
Several equities research analysts have recently commented on WMT shares. Wolfe Research lowered Walmart from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, May 8th. Citigroup decreased their price target on GrafTech International from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, April 1st. Sanford C. Bernstein raised Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price target on the stock in a research note on Thursday, May 2nd. Daiwa Capital Markets raised Walmart from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 21st. Finally, UBS Group set a $25.00 target price on Macy’s and gave the company a “hold” rating in a research note on Friday, May 17th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $109.56.
Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.11. The company had revenue of $122.95 billion during the quarter, compared to the consensus estimate of $124.51 billion. Walmart had a return on equity of 18.66% and a net margin of 1.62%. Walmart’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 EPS. As a group, research analysts expect that Walmart Inc will post 4.84 EPS for the current year.
In other news, Director S Robson Walton sold 1,322,329 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $102.04, for a total transaction of $134,930,451.16. Following the completion of the sale, the director now directly owns 3,347,511 shares in the company, valued at approximately $341,580,022.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Judith J. Mckenna sold 4,243 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $100.19, for a total value of $425,106.17. Following the sale, the executive vice president now owns 225,373 shares of the company’s stock, valued at $22,580,120.87. The disclosure for this sale can be found here. Insiders sold a total of 5,559,285 shares of company stock valued at $571,021,654 over the last quarter. 50.22% of the stock is currently owned by insiders.
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.
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