Lwmg LLC Increases Stake in Walmart Inc. (NYSE:WMT)

Lwmg LLC raised its holdings in shares of Walmart Inc. (NYSE:WMTFree Report) by 244.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,065 shares of the retailer’s stock after acquiring an additional 5,014 shares during the quarter. Lwmg LLC’s holdings in Walmart were worth $425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of WMT. Partnership Wealth Management LLC bought a new position in shares of Walmart in the fourth quarter worth approximately $30,000. Able Wealth Management LLC purchased a new position in shares of Walmart during the 4th quarter valued at $30,000. Vermillion & White Wealth Management Group LLC bought a new position in Walmart in the 4th quarter worth $32,000. Signature Resources Capital Management LLC bought a new position in Walmart in the 4th quarter worth $35,000. Finally, Tidemark LLC purchased a new stake in Walmart in the 4th quarter worth $37,000. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the sale, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the transaction, the chief executive officer now directly owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the sale, the executive vice president now owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The disclosure for this sale can be found here. Insiders have sold a total of 14,525,340 shares of company stock valued at $953,023,399 over the last quarter. 45.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WMT. Morgan Stanley upped their price objective on Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Telsey Advisory Group increased their price objective on shares of Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, June 10th. Evercore ISI lifted their price objective on shares of Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a research report on Thursday, June 20th. Stifel Nicolaus upped their target price on shares of Walmart from $69.00 to $71.00 and gave the stock a “hold” rating in a research report on Tuesday, July 2nd. Finally, Tigress Financial boosted their price target on shares of Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.47.

Read Our Latest Analysis on WMT

Walmart Stock Up 0.3 %

Shares of WMT opened at $69.90 on Wednesday. The firm has a fifty day moving average price of $65.33 and a 200-day moving average price of $60.26. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $562.24 billion, a P/E ratio of 29.91, a P/E/G ratio of 4.02 and a beta of 0.50. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $70.25.

Walmart (NYSE:WMTGet Free Report) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. Equities research analysts expect that Walmart Inc. will post 2.43 earnings per share for the current year.

Walmart Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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