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

Lwmg LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 3.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,754 shares of the retailer’s stock after buying 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.

A number of other institutional investors and hedge funds have also made changes to their positions in WMT. Able Wealth Management LLC acquired a new stake in Walmart during the fourth quarter worth about $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Walmart during the 4th quarter worth about $32,000. EntryPoint Capital LLC purchased a new stake in shares of Walmart during the 1st quarter worth about $25,000. TruNorth Capital Management LLC increased its position in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares in the last quarter. Finally, Cultivar Capital Inc. purchased a new position in Walmart in the second quarter valued at approximately $29,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the sale, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at approximately $37,113,904.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,670 shares of company stock worth $958,267,937 in the last ninety days. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

WMT has been the subject of several recent research reports. Guggenheim increased their price target on Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Roth Mkm raised their target price on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. HSBC upped their price target on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. UBS Group lifted their price objective on shares of Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, 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 research note on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Buy” and an average price target of $81.62.

Walmart Stock Performance

NYSE WMT traded up $0.51 during trading hours on Friday, reaching $80.94. The company’s stock had a trading volume of 11,591,388 shares, compared to its average volume of 17,396,678. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $75.48 and a 200 day simple moving average of $68.16. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $81.60. The stock has a market cap of $650.62 billion, a PE ratio of 34.64, a PEG ratio of 4.03 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter last year, the business posted $0.61 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Equities research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Walmart Company 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.