Snider Financial Group Has $2.67 Million Holdings in Walmart Inc. (NYSE:WMT)

Snider Financial Group reduced its stake in Walmart Inc. (NYSE:WMT – Get Rating) by 5.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,830 shares of the retailer’s stock after selling 1,148 shares during the quarter. Walmart makes up 1.5% of Snider Financial Group’s investment portfolio, making the stock its 23rd largest holding. Snider Financial Group’s holdings in Walmart were worth $2,670,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Walmart by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 130,176,496 shares of the retailer’s stock valued at $16,883,890,000 after purchasing an additional 1,832,388 shares during the last quarter. BlackRock Inc. increased its holdings in Walmart by 2.9% in the 3rd quarter. BlackRock Inc. now owns 96,570,711 shares of the retailer’s stock valued at $12,525,224,000 after buying an additional 2,712,886 shares during the period. State Street Corp increased its holdings in Walmart by 1.2% in the 3rd quarter. State Street Corp now owns 60,659,193 shares of the retailer’s stock valued at $7,867,497,000 after buying an additional 701,415 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Walmart by 0.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,685,848 shares of the retailer’s stock valued at $1,515,655,000 after purchasing an additional 33,452 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Walmart by 2.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,904,858 shares of the retailer’s stock valued at $1,623,951,000 after purchasing an additional 303,726 shares during the period. 31.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In other Walmart news, Director S Robson Walton sold 32,870 shares of Walmart stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $140.36, for a total transaction of $4,613,633.20. Following the transaction, the director now directly owns 264,840,774 shares of the company’s stock, valued at $37,173,051,038.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 563,717 shares of the company’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $142.26, for a total value of $80,194,380.42. Following the completion of the transaction, the insider now directly owns 264,873,644 shares in the company, valued at approximately $37,680,924,595.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director S Robson Walton sold 32,870 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $140.36, for a total transaction of $4,613,633.20. Following the completion of the transaction, the director now owns 264,840,774 shares of the company’s stock, valued at $37,173,051,038.64. The disclosure for this sale can be found here. Insiders have sold 19,763,036 shares of company stock worth $2,801,006,374 over the last 90 days. Corporate insiders own 47.06% of the company’s stock.

Walmart Stock Performance

Shares of NYSE:WMT traded down $0.11 during trading on Friday, hitting $146.05. 1,659,610 shares of the company were exchanged, compared to its average volume of 6,167,527. The company has a market cap of $393.95 billion, a PE ratio of 35.06, a P/E/G ratio of 4.32 and a beta of 0.48. The stock has a 50 day moving average of $148.72 and a 200 day moving average of $145.87. Walmart Inc. has a 52-week low of $117.90 and a 52-week high of $154.64. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.82 and a quick ratio of 0.23.

Walmart (NYSE:WMT – Get Rating) last announced its quarterly earnings results on Thursday, May 18th. The retailer reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.15. Walmart had a net margin of 1.82% and a return on equity of 21.30%. The firm had revenue of $152.30 billion for the quarter, compared to the consensus estimate of $147.91 billion. During the same period in the prior year, the firm posted $1.30 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities research analysts predict that Walmart Inc. will post 6.21 EPS for the current year.

Analysts Set New Price Targets

WMT has been the topic of a number of research analyst reports. Stephens restated an “overweight” rating and set a $170.00 price target on shares of Walmart in a research report on Wednesday, April 5th. 92 Resources reiterated a “maintains” rating on shares of Walmart in a report on Monday. Roth Capital reaffirmed a “buy” rating on shares of Walmart in a research report on Tuesday, February 14th. Bank of America increased their target price on Walmart from $165.00 to $175.00 in a report on Friday, May 19th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Walmart from $164.00 to $169.00 in a research report on Wednesday, February 22nd. Five analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $166.13.

About Walmart

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Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.