Avalon Advisors LLC Has Raised Its Wal (WMT) Holding by $10.71 Million as Stock Rose

February 15, 2018 - By Clifton Ray

Investors sentiment is 1.02 in 2017 Q3. Its the same as in 2017Q2. It is flat, 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. Diversified Tru Comm, a Tennessee-based fund reported 20,008 shares. Bailard has invested 0.03% in Walmart Inc. (NYSE:WMT). Becker Cap accumulated 2.44% or 909,251 shares. United Service Automobile Association holds 0.45% or 1.96 million shares in its portfolio. James Rech Inc invested 0.87% of its portfolio in Walmart Inc. (NYSE:WMT). Private Capital Advisors holds 0.12% or 4,355 shares in its portfolio. Mechanics Comml Bank Department reported 0.52% in Walmart Inc. (NYSE:WMT). Altfest L J & holds 16,774 shares. Suntrust Banks invested in 0.19% or 440,618 shares. Callahan Advisors Llc stated it has 1.3% in Walmart Inc. (NYSE:WMT). 5,200 are owned by Barr E S And Co. Lucus Advsr Ltd Liability Corp accumulated 4,405 shares or 0.49% of the stock. Congress Asset Com Ma reported 3,700 shares. Insight 2811 reported 0.58% stake. Employees Retirement Of Texas, a Texas-based fund reported 154,700 shares.

Since August 21, 2017, it had 0 insider buys, and 18 selling transactions for $1.67 billion activity. 775,958 Walmart Inc. (NYSE:WMT) shares with value of $62.26M were sold by WALTON ALICE L. 2.12 million shares valued at $166.15M were sold by WALTON S ROBSON on Wednesday, August 30. $200,291 worth of Walmart Inc. (NYSE:WMT) was sold by Canney Jacqueline P on Monday, December 11. Gearhart Jeffrey J sold $727,698 worth of Walmart Inc. (NYSE:WMT) on Tuesday, August 29.

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 $37.57 million, 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 $4.06B and $3.14 billion US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 188,274 shares to 868,777 shares, valued at $64.72M in 2017Q3, according to the filing. It also reduced its holding in General Dynamics Corp (NYSE:GD) by 37,293 shares in the quarter, leaving it with 3,740 shares, and cut its stake in Lockheed Martin Corp (NYSE:LMT).

More notable recent Walmart Inc. (NYSE:WMT) news were published by: Bloomberg.com which released: “Walmart Adds Square Executive to Board in Sign of Tech Ambitions” on February 08, 2018, also Dallasnews.com with their article: “Walmart job cuts to total nearly 1000 at Bentonville HQ” published on January 25, 2018, Reuters.com published: “Walmart makes push to sell online goods at $10 and up to capture elusive e …” on February 08, 2018. More interesting news about Walmart Inc. (NYSE:WMT) were released by: Seekingalpha.com and their article: “On-The-Ground Evidence Walmart Facing Fierce Grocery Price Competition” published on February 15, 2018 as well as Nasdaq.com‘s news article titled: “Factors Setting the Stage for Walmart’s (WMT) Q4 Earnings” with publication date: February 15, 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. The stock has “Buy” rating by Stephens on Tuesday, January 16. As per Tuesday, October 10, the company rating was initiated by Oppenheimer. UBS maintained Walmart Inc. (NYSE:WMT) on Friday, November 10 with “Neutral” rating. The stock has “Market Perform” rating by Wells Fargo on Wednesday, January 25. RBC Capital Markets maintained the shares of WMT in report on Friday, August 19 with “Underperform” rating. The firm earned “Underperform” rating on Friday, October 7 by RBC Capital Markets. KeyBanc Capital Markets maintained the stock with “Buy” rating in Tuesday, September 19 report. Telsey Advisory Group maintained it with “Market Perform” rating and $78 target in Friday, August 19 report. As per Thursday, October 15, the company rating was downgraded by Credit Suisse. The rating was maintained by BMO Capital Markets with “Underperform” on Monday, August 22.

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