Lwmg LLC Boosts Stock Position in Walmart Inc. (NYSE:WMT)

Lwmg LLC boosted its position in shares of Walmart Inc. (NYSE:WMT) by 3.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,754 shares of the retailer’s stock after acquiring an additional 278 shares during the quarter. Lwmg LLC’s holdings in Walmart were worth $626,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Able Wealth Management LLC purchased a new position in Walmart in the fourth quarter valued at $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Walmart in the 4th quarter valued at about $32,000. EntryPoint Capital LLC purchased a new position in shares of Walmart in the 1st quarter valued at about $25,000. TruNorth Capital Management LLC grew its position in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares in the last quarter. Finally, Cultivar Capital Inc. purchased a new stake in shares of Walmart during the second quarter worth approximately $29,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Price Performance

WMT traded up $0.51 during midday trading on Friday, reaching $80.94. 11,591,388 shares of the company’s stock were exchanged, compared to its average volume of 17,396,678. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.60. The stock has a market capitalization of $650.62 billion, a PE ratio of 34.64, a P/E/G ratio of 4.03 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The business’s 50-day moving average price is $75.48 and its 200 day moving average price is $68.16.

Walmart (NYSE:WMT) last issued its quarterly earnings data 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. The firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. As a group, equities analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on WMT shares. Jefferies Financial Group increased their price objective on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. BMO Capital Markets restated an “outperform” rating and issued a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. DA Davidson upped their target price on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. The Goldman Sachs Group raised their price target on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, KeyCorp raised their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $81.62.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,670 shares of company stock worth $958,267,937 over the last three months. 45.58% of the stock is currently owned by corporate insiders.

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.