Wal (WMT) Holder Avalon Advisors LLC Increased Its Stake by $10.71 Million as Share Price Rose

February 15, 2018 - By Michael Collier

Investors sentiment is 1.02 in Q3 2017. Its the same as in 2017Q2. It is without change, as 62 investors sold WMT shares while 508 reduced holdings. only 113 funds opened positions while 468 raised stakes. 881.34 million shares or 0.46% more from 877.29 million shares in 2017Q2 were reported. Laurel Grove Cap Ltd Com has invested 0.38% in Walmart Inc. (NYSE:WMT). Twin has 156,590 shares for 0.64% of their portfolio. Regentatlantic Lc holds 0.73% or 107,637 shares. Moreover, Quantum Management has 0.32% invested in Walmart Inc. (NYSE:WMT) for 17,470 shares. Bartlett And Ltd, a Ohio-based fund reported 4,720 shares. Bancorpsouth Inc reported 0.21% of its portfolio in Walmart Inc. (NYSE:WMT). Osborne Prtn Capital Ltd Llc has 85,730 shares for 0.92% of their portfolio. Mckinley Carter Wealth Inc holds 6,115 shares. Washington Tru Fincl Bank holds 0.07% of its portfolio in Walmart Inc. (NYSE:WMT) for 5,834 shares. Quantres Asset Mngmt reported 0.5% stake. 24,189 were reported by Davidson Garrard. Tru Of Toledo Na Oh has 0.28% invested in Walmart Inc. (NYSE:WMT) for 14,284 shares. Wealthtrust accumulated 0.08% or 2,133 shares. Moreover, Interocean Cap Lc has 2.87% invested in Walmart Inc. (NYSE:WMT). Haverford has invested 0.04% in Walmart Inc. (NYSE:WMT).

Since August 21, 2017, it had 0 insider purchases, and 18 selling transactions for $1.67 billion activity. $166.15 million worth of stock was sold by WALTON S ROBSON on Wednesday, August 30. WALTON ALICE L sold $166.15M worth of stock or 2.12 million shares. $727,698 worth of Walmart Inc. (NYSE:WMT) shares were sold by Gearhart Jeffrey J. Canney Jacqueline P had sold 1,586 shares worth $125,299 on Tuesday, September 26.

Avalon Advisors Llc increased its stake in Wal (WMT) by 40% based on its latest 2017Q3 regulatory filing with the SEC. Avalon Advisors Llc bought 137,370 shares as the company’s stock rose 13.55% with the market. The hedge fund held 480,786 shares of the consumer services company at the end of 2017Q3, valued at $37.57M, up from 343,416 at the end of the previous reported quarter. Avalon Advisors Llc who had been investing in Wal for a number of months, seems to be bullish on the $305.69 billion market cap company. The stock increased 1.47% or $1.49 during the last trading session, reaching $103.19. About 4.49 million shares traded. Walmart Inc. (NYSE:WMT) has risen 13.83% since February 15, 2017 and is uptrending. It has underperformed by 2.87% the S&P500.

Avalon Advisors Llc, which manages about $4.06 billion and $3.14B US Long portfolio, decreased its stake in General Dynamics Corp (NYSE:GD) by 37,293 shares to 3,740 shares, valued at $769,000 in 2017Q3, according to the filing. It also reduced its holding in Newell Brands Inc (NYSE:NWL) by 180,065 shares in the quarter, leaving it with 7,636 shares, and cut its stake in Wells Fargo Co (NYSE:WFC).

More notable recent Walmart Inc. (NYSE:WMT) news were published by: Businessinsider.com which released: “Walmart’s cloud strategy is helping it close in on Amazon” on February 14, 2018, also Seekingalpha.com with their article: “On-The-Ground Evidence Walmart Facing Fierce Grocery Price Competition” published on February 15, 2018, Seekingalpha.com published: “Could Walmart Be Cheap At $100?” on February 13, 2018. More interesting news about Walmart Inc. (NYSE:WMT) were released by: Marketwatch.com and their article: “Wal-Mart Stores Inc. name change to Walmart Inc. goes into effect Thursday” published on February 01, 2018 as well as Bloomberg.com‘s news article titled: “Walmart Adds Square Executive to Board in Sign of Tech Ambitions” with publication date: February 08, 2018.

Walmart Inc. (NYSE:WMT) Ratings Coverage

Among 37 analysts covering Wal-Mart Stores Inc (NYSE:WMT), 18 have Buy rating, 0 Sell and 19 Hold. Therefore 49% are positive. Wal-Mart Stores Inc had 142 analyst reports since August 14, 2015 according to SRatingsIntel. S&P Research downgraded Walmart Inc. (NYSE:WMT) on Thursday, October 15 to “Hold” rating. The rating was upgraded by Telsey Advisory Group on Friday, April 7 to “Outperform”. On Tuesday, September 19 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. Wells Fargo maintained the stock with “Hold” rating in Thursday, August 17 report. Telsey Advisory Group maintained the shares of WMT in report on Wednesday, August 19 with “Market Perform” rating. On Monday, August 22 the stock rating was maintained by BMO Capital Markets with “Underperform”. The company was maintained on Saturday, August 22 by Wolfe Research. The firm has “Buy” rating by Cowen & Co given on Tuesday, November 21. The stock of Walmart Inc. (NYSE:WMT) has “Buy” rating given on Wednesday, June 14 by Jefferies. Oppenheimer initiated Walmart Inc. (NYSE:WMT) rating on Tuesday, August 1. Oppenheimer has “Buy” rating and $9000 target.

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