Douglas Lane & Associates LLC Acquires 17,810 Shares of Walmart Inc. (NYSE:WMT)

Douglas Lane & Associates LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 199.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,755 shares of the retailer’s stock after buying an additional 17,810 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Walmart were worth $1,610,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Partnership Wealth Management LLC bought a new position in shares of Walmart in the fourth quarter worth approximately $30,000. Able Wealth Management LLC bought a new position in shares of Walmart in the fourth quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Walmart in the fourth quarter worth approximately $32,000. Signature Resources Capital Management LLC bought a new position in shares of Walmart in the fourth quarter worth approximately $35,000. Finally, Tidemark LLC bought a new position in shares of Walmart in the fourth quarter worth approximately $37,000. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WMT. Evercore ISI upped their price target on shares of Walmart from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday. DA Davidson upped their target price on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Roth Mkm upped their target price on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Bank of America upped their target price on shares of Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Royal Bank of Canada increased their price objective on shares of Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.97.

Walmart Trading Down 0.1 %

NYSE WMT opened at $67.91 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The company has a market capitalization of $546.24 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52. The company’s 50-day simple moving average is $63.23 and its two-hundred day simple moving average is $58.80. Walmart Inc. has a one year low of $49.85 and a one year high of $68.55.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. Equities analysts forecast that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $60.45, for a total value of $1,760,545.80. Following the transaction, the chief executive officer now owns 4,047,767 shares of the company’s stock, valued at approximately $244,687,515.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $60.45, for a total value of $1,760,545.80. Following the transaction, the chief executive officer now owns 4,047,767 shares of the company’s stock, valued at approximately $244,687,515.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the completion of the sale, the director now owns 144,807 shares of the company’s stock, valued at $9,386,389.74. The disclosure for this sale can be found here. Insiders have sold a total of 14,493,971 shares of company stock valued at $950,549,592 in the last 90 days. Insiders own 45.58% of the company’s stock.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.