Walmart Inc. (NYSE:WMT) Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC cut its stake in Walmart Inc. (NYSE:WMT) by 31.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 133,927 shares of the retailer’s stock after selling 62,488 shares during the quarter. Lmcg Investments LLC’s holdings in Walmart were worth $12,100,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Evergreen Capital Management LLC increased its stake in Walmart by 5.6% during the second quarter. Evergreen Capital Management LLC now owns 44,556 shares of the retailer’s stock worth $3,017,000 after purchasing an additional 2,370 shares during the period. Marshall Wace LLP grew its holdings in shares of Walmart by 102.9% in the second quarter. Marshall Wace LLP now owns 2,483,590 shares of the retailer’s stock valued at $168,164,000 after purchasing an additional 1,259,313 shares in the last quarter. Semmax Financial Advisors Inc. increased its stake in Walmart by 3.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 10,175 shares of the retailer’s stock worth $693,000 after buying an additional 333 shares during the period. Strata Wealth Advisors LLC acquired a new stake in Walmart during the 2nd quarter worth approximately $234,000. Finally, Gateway Advisory LLC boosted its position in Walmart by 4.6% in the 2nd quarter. Gateway Advisory LLC now owns 4,659 shares of the retailer’s stock valued at $332,000 after buying an additional 204 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the sale, the chief executive officer now directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. This trade represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 140,177 shares of company stock worth $12,478,149. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $93.05 on Wednesday. The business has a 50 day simple moving average of $91.31 and a 200-day simple moving average of $81.63. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a market capitalization of $747.51 billion, a PE ratio of 38.19, a price-to-earnings-growth ratio of 4.36 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Equities analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WMT. Truist Financial increased their price objective on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Evercore ISI raised their target price on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Wells Fargo & Company boosted their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Finally, Oppenheimer raised their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $94.69.

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.