Douglas Lane & Associates LLC Has $2.13 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Douglas Lane & Associates LLC increased its stake in Walmart Inc. (NYSE:WMT) by 3.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 23,611 shares of the retailer’s stock after buying an additional 856 shares during the period. Douglas Lane & Associates LLC’s holdings in Walmart were worth $2,133,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in WMT. Peterson Financial Group Inc. bought a new stake in shares of Walmart in the 3rd quarter valued at $26,000. Voisard Asset Management Group Inc. lifted its holdings in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the period. Hoese & Co LLP bought a new stake in Walmart during the third quarter valued at $33,000. Livelsberger Financial Advisory acquired a new stake in Walmart during the 3rd quarter worth about $36,000. Finally, Hara Capital LLC bought a new position in shares of Walmart in the 3rd quarter worth about $37,000. 26.76% of the stock is currently owned by institutional investors.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the sale, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at $36,915,110.17. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,412 shares of company stock valued at $12,478,116 in the last 90 days. Insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.9 %

WMT opened at $91.65 on Thursday. Walmart Inc. has a twelve month low of $52.58 and a twelve month high of $96.18. The company’s 50-day moving average price is $89.97 and its two-hundred day moving average price is $80.21. The stock has a market cap of $736.26 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 4.47 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. Walmart’s revenue was up 5.5% on a year-over-year basis. As a group, equities analysts expect that Walmart Inc. will post 2.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on WMT shares. Tigress Financial upped their target price on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. TD Cowen raised their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Piper Sandler boosted their target price on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Barclays raised their price target on shares of Walmart from $78.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Stifel Nicolaus upped their price objective on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $93.69.

About Walmart

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.