Linscomb Wealth Inc. Increases Stake in Walmart Inc. (NYSE:WMT)

Linscomb Wealth Inc. grew its stake in Walmart Inc. (NYSE:WMT) by 189.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,994 shares of the retailer’s stock after purchasing an additional 13,089 shares during the period. Linscomb Wealth Inc.’s holdings in Walmart were worth $1,203,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. AHL Investment Management Inc. increased its holdings in Walmart by 192.1% in the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after buying an additional 15,785 shares in the last quarter. Valley Brook Capital Group Inc. raised its holdings in Walmart by 4.2% in the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after purchasing an additional 315 shares during the period. Core Wealth Advisors Inc. boosted its position in 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 purchasing an additional 420 shares in the last quarter. Liberty Wealth Management LLC acquired a new stake in Walmart in the first quarter valued at approximately $270,000. Finally, Commerce Bank grew its holdings in Walmart by 189.4% in the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after purchasing an additional 600,521 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other news, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the transaction, the director now directly owns 144,807 shares in the company, valued at approximately $9,386,389.74. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total value of $1,944,600.00. Following the completion of the sale, the director now directly owns 144,807 shares of the company’s stock, valued at $9,386,389.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director S Robson Walton sold 3,540,250 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $64.55, for a total value of $228,523,137.50. Following the transaction, the director now directly owns 648,504,011 shares in the company, valued at approximately $41,860,933,910.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,540,863 shares of company stock valued at $954,424,817. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Barclays increased their target price on Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Roth Mkm increased their price objective on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a report on Friday, May 17th. KeyCorp boosted their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. HSBC raised their price target on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Finally, The Goldman Sachs Group lifted their price objective on Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $71.60.

Walmart Trading Down 0.3 %

NYSE:WMT traded down $0.24 on Friday, reaching $69.78. The company’s stock had a trading volume of 16,789,306 shares, compared to its average volume of 12,217,879. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $71.33. The stock has a 50 day moving average price of $67.81 and a 200 day moving average price of $61.81. The firm has a market cap of $561.28 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 4.04 and a beta of 0.50. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same period last year, the company earned $0.49 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts anticipate that Walmart Inc. will post 2.43 EPS 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.