New England Investment & Retirement Group Inc. Grows Stake in Walmart Inc (NYSE:WMT)

New England Investment & Retirement Group Inc. boosted its position in shares of Walmart Inc (NYSE:WMT) by 34.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,805 shares of the retailer’s stock after purchasing an additional 2,266 shares during the quarter. New England Investment & Retirement Group Inc.’s holdings in Walmart were worth $1,055,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AXA increased its holdings in Walmart by 32.0% during the 1st quarter. AXA now owns 341,251 shares of the retailer’s stock worth $38,773,000 after purchasing an additional 82,775 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in Walmart by 88.3% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,740 shares of the retailer’s stock valued at $567,000 after acquiring an additional 2,223 shares in the last quarter. Colony Group LLC boosted its position in Walmart by 36.3% during the 1st quarter. Colony Group LLC now owns 17,946 shares of the retailer’s stock valued at $2,039,000 after acquiring an additional 4,778 shares in the last quarter. Gofen & Glossberg LLC IL boosted its position in Walmart by 24.3% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 33,629 shares of the retailer’s stock valued at $4,028,000 after acquiring an additional 6,574 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its position in Walmart by 340.1% during the 1st quarter. Loomis Sayles & Co. L P now owns 10,166 shares of the retailer’s stock valued at $1,155,000 after acquiring an additional 7,856 shares in the last quarter. Institutional investors own 29.95% of the company’s stock.

Shares of NYSE WMT traded down $0.49 during trading on Thursday, reaching $129.32. 217,783 shares of the company traded hands, compared to its average volume of 7,882,970. The firm’s fifty day simple moving average is $125.90 and its 200 day simple moving average is $121.13. The stock has a market cap of $366.06 billion, a P/E ratio of 24.55, a PEG ratio of 4.74 and a beta of 0.31. Walmart Inc has a 12-month low of $102.00 and a 12-month high of $134.13. The company has a current ratio of 0.77, a quick ratio of 0.27 and a debt-to-equity ratio of 0.85.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, May 19th. The retailer reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.06. Walmart had a return on equity of 18.33% and a net margin of 2.81%. The firm had revenue of $134.62 billion during the quarter, compared to analyst estimates of $130.91 billion. During the same quarter in the previous year, the business earned $1.13 EPS. Walmart’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, research analysts expect that Walmart Inc will post 4.93 EPS for the current year.

In related news, EVP Kathryn J. Mclay sold 7,324 shares of Walmart stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $126.00, for a total value of $922,824.00. Following the completion of the transaction, the executive vice president now owns 51,526 shares in the company, valued at approximately $6,492,276. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Marc E. Lore sold 85,000 shares of Walmart stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $123.34, for a total value of $10,483,900.00. Following the completion of the transaction, the executive vice president now owns 2,019,141 shares of the company’s stock, valued at approximately $249,040,850.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 262,324 shares of company stock valued at $32,666,074. 50.43% of the stock is owned by company insiders.

Several brokerages have issued reports on WMT. Guggenheim increased their target price on Walmart from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Citigroup reaffirmed a “buy” rating and set a $140.00 target price (up previously from $137.00) on shares of Walmart in a research report on Thursday, April 23rd. Nomura Instinet increased their target price on Walmart from $131.00 to $139.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Odeon Capital Group cut Walmart from a “buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $141.00 price objective on shares of Walmart in a research report on Tuesday, June 16th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $134.18.

About Walmart

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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