Lavaca Capital LLC Has $1.41 Million Stake in Walmart Inc. (NYSE:WMT)

Lavaca Capital LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,745 shares of the retailer’s stock after acquiring an additional 324 shares during the quarter. Walmart comprises 0.7% of Lavaca Capital LLC’s portfolio, making the stock its 18th biggest holding. Lavaca Capital LLC’s holdings in Walmart were worth $1,405,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. AHL Investment Management Inc. lifted its stake in shares of Walmart by 192.1% during the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after buying an additional 15,785 shares during the last quarter. Core Wealth Advisors Inc. boosted its holdings in shares of Walmart by 38.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after acquiring an additional 420 shares during the period. Liberty Wealth Management LLC acquired a new position in shares of Walmart in the first quarter valued at approximately $270,000. Commerce Bank increased its stake in shares of Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after purchasing an additional 600,521 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Walmart by 290.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after purchasing an additional 200,947 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. HSBC increased their price objective on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Bank of America boosted their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Evercore ISI raised their target price on shares of Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. BMO Capital Markets reiterated an “outperform” rating and issued a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. Finally, Oppenheimer raised their price objective on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $78.99.

Walmart Price Performance

WMT stock opened at $79.06 on Friday. The company has a market capitalization of $635.92 billion, a P/E ratio of 33.79, a PEG ratio of 4.03 and a beta of 0.51. The company has a fifty day moving average price of $73.44 and a 200-day moving average price of $66.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.02.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same period last year, the company earned $0.61 EPS. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the transaction, the chief executive officer now owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the sale, the chief executive officer now directly owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the transaction, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The disclosure for this sale can be found here. Insiders have sold 12,369,039 shares of company stock worth $959,826,083 over the last ninety 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.