Lockheed Martin Investment Management Co. Has $4.51 Million Stake in Walmart Inc. (NYSE:WMT)

Lockheed Martin Investment Management Co. lowered its stake in Walmart Inc. (NYSE:WMT) by 69.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,860 shares of the retailer’s stock after selling 112,770 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Walmart were worth $4,505,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WMT. Peterson Financial Group Inc. acquired a new position in Walmart during the 3rd quarter worth $26,000. Fiduciary Advisors Inc. bought a new position in shares of Walmart in the fourth quarter worth about $27,000. Voisard Asset Management Group Inc. lifted its position in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of Walmart during the 4th quarter worth about $32,000. Finally, Hoese & Co LLP bought a new stake in Walmart during the 3rd quarter valued at approximately $33,000. 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 the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares in the company, valued at approximately $7,993,095.80. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 175,177 shares of company stock worth $16,403,728 in the last quarter. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WMT. Sanford C. Bernstein upped their price target on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. KeyCorp upped their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Oppenheimer raised their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday. Piper Sandler boosted their price objective on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Truist Financial increased their target price on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.01.

Walmart Stock Performance

Shares of NYSE:WMT opened at $102.86 on Friday. The business has a fifty day moving average of $93.67 and a 200-day moving average of $83.82. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a twelve month low of $55.85 and a twelve month high of $103.02. The firm has a market cap of $826.30 billion, a PE ratio of 42.21, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55.

Walmart (NYSE:WMT) last posted its quarterly earnings data 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter last year, the company posted $0.51 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Walmart 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.