Walmart Inc. (NYSE:WMT) Shares Acquired by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC increased its position in Walmart Inc. (NYSE:WMTFree Report) by 216.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,155 shares of the retailer’s stock after acquiring an additional 18,581 shares during the period. Lake Street Private Wealth LLC’s holdings in Walmart were worth $1,634,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of WMT. Northwest Capital Management Inc boosted its holdings in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the period. Partnership Wealth Management LLC bought a new position in shares of Walmart in the fourth quarter valued at approximately $30,000. Able Wealth Management LLC acquired a new stake in shares of Walmart in the 4th quarter valued at $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Walmart in the 4th quarter valued at $32,000. Finally, Signature Resources Capital Management LLC acquired a new position in Walmart during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 2.6 %

WMT stock opened at $70.04 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The stock has a market capitalization of $563.37 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 3.93 and a beta of 0.50. The business’s fifty day moving average price is $64.93 and its two-hundred day moving average price is $59.90. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $70.15.

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

Insiders Place Their Bets

In related news, SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the transaction, the senior vice president now owns 94,415 shares in the company, valued at $6,420,220. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 value of $1,748,313.72. Following the transaction, the chief executive officer now owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220. The disclosure for this sale can be found here. Insiders have sold 14,525,340 shares of company stock worth $953,023,399 in the last 90 days. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on WMT. Raymond James upped their price target on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Oppenheimer boosted their price objective on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Tigress Financial boosted their price objective on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Royal Bank of Canada boosted their price objective on Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Finally, Jefferies Financial Group boosted their price objective on Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus price target of $70.47.

Get Our Latest Analysis on Walmart

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

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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