Beacon Financial Group Upped Its Wal (WMT) Stake by $3.42 Million; Stock Declined

August 10, 2018 - By Mark Babin

Walmart Inc. (NYSE:WMT) LogoInvestors sentiment decreased to 0.88 in Q1 2018. Its down 0.11, from 0.99 in 2017Q4. It is negative, as 100 investors sold WMT shares while 555 reduced holdings. 128 funds opened positions while 451 raised stakes. 856.22 million shares or 1.10% less from 865.70 million shares in 2017Q4 were reported. The Maine-based Headinvest has invested 1.33% in Walmart Inc. (NYSE:WMT). British Columbia – Canada-based Connor Clark & Lunn Inv Ltd has invested 0.04% in Walmart Inc. (NYSE:WMT). Tnb Financial stated it has 0.73% in Walmart Inc. (NYSE:WMT). New York-based Hudson Valley Inv Advsr Incorporated Adv has invested 0.48% in Walmart Inc. (NYSE:WMT). Keating Inv Counselors Inc holds 5,493 shares. Mitchell Mcleod Pugh Williams Inc invested in 0.61% or 9,563 shares. Holt Cap Advsr Limited Liability Com Dba Holt Cap Limited Partnership owns 19,485 shares. Sawgrass Asset Mgmt Llc holds 0.02% or 4,400 shares in its portfolio. Zeke Advsr Limited Liability Company holds 41,808 shares. Strategic Limited Liability reported 0.09% in Walmart Inc. (NYSE:WMT). Capital World Investors invested in 0.07% or 3.28 million shares. Mirae Asset Global Ltd, a Korea-based fund reported 46,717 shares. 3,390 were accumulated by Bailard Inc. Raab And Moskowitz Asset Mngmt Ltd Liability Co, New Jersey-based fund reported 7,728 shares. Cap Investment Counsel holds 105,278 shares.

Since June 5, 2018, it had 0 insider buys, and 20 insider sales for $1.50 billion activity. WALTON JIM C sold 1.50 million shares worth $127.23M. 1.19 million Walmart Inc. (NYSE:WMT) shares with value of $100.75M were sold by WALTON S ROBSON. 5,442 shares were sold by Chojnowski David, worth $464,176 on Thursday, June 7. Canney Jacqueline P had sold 8,005 shares worth $676,503 on Wednesday, June 6. Another trade for 18,500 shares valued at $1.57M was made by Furner John R. on Wednesday, June 6.

Beacon Financial Group increased its stake in Wal (WMT) by 209.61% based on its latest 2018Q1 regulatory filing with the SEC. Beacon Financial Group bought 38,897 shares as the company’s stock declined 11.45% with the market. The institutional investor held 57,454 shares of the consumer services company at the end of 2018Q1, valued at $5.11 million, up from 18,557 at the end of the previous reported quarter. Beacon Financial Group who had been investing in Wal for a number of months, seems to be bullish on the $265.43 billion market cap company. The stock increased 1.06% or $0.94 during the last trading session, reaching $89.95. About 1.58 million shares traded. Walmart Inc. (NYSE:WMT) has risen 5.30% since August 10, 2017 and is uptrending. It has underperformed by 7.27% the S&P500.

Beacon Financial Group, which manages about $586.45M US Long portfolio, decreased its stake in Cullen Frost Bankers (NYSE:CFR) by 44,118 shares to 2,194 shares, valued at $233,000 in 2018Q1, according to the filing. It also reduced its holding in Compass Minerals Int (NYSE:CMP) by 52,121 shares in the quarter, leaving it with 59,562 shares, and cut its stake in Chevron Corp (NYSE:CVX).

More recent Walmart Inc. (NYSE:WMT) news were published by: Seekingalpha.com which released: “Walmart Investors’ Patience Is About To Be Rewarded” on July 22, 2018. Also Seekingalpha.com published the news titled: “Walmart: Streaming Is A Smart Move” on August 07, 2018. Nasdaq.com‘s news article titled: “Why Target Corporation Stock Deserves to Trade Above $80” with publication date: August 09, 2018 was also an interesting one.

Walmart Inc. (NYSE:WMT) Ratings Coverage

Among 16 analysts covering Wal-Mart Stores Inc (NYSE:WMT), 8 have Buy rating, 0 Sell and 8 Hold. Therefore 50% are positive. Wal-Mart Stores Inc had 18 analyst reports since February 12, 2018 according to SRatingsIntel. As per Friday, February 16, the company rating was maintained by Susquehanna. UBS maintained Walmart Inc. (NYSE:WMT) on Wednesday, February 21 with “Neutral” rating. The stock of Walmart Inc. (NYSE:WMT) earned “Market Perform” rating by BMO Capital Markets on Friday, February 23. The company was maintained on Thursday, May 17 by Bank of America. The firm earned “Accumulate” rating on Thursday, May 17 by Gordon Haskett. The firm has “Hold” rating given on Monday, February 12 by RBC Capital Markets. On Wednesday, February 21 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of Walmart Inc. (NYSE:WMT) earned “Perform” rating by Oppenheimer on Friday, March 2. Jefferies maintained the shares of WMT in report on Friday, February 16 with “Buy” rating. Morgan Stanley maintained it with “Equal-Weight” rating and $99 target in Monday, February 26 report.

Walmart Inc. (NYSE:WMT) Institutional Positions Chart

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