Lineweaver Wealth Advisors LLC Increases Position in Walmart Inc. (NYSE:WMT)

Lineweaver Wealth Advisors LLC lifted its holdings in Walmart Inc. (NYSE:WMTFree Report) by 192.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,723 shares of the retailer’s stock after purchasing an additional 11,665 shares during the period. Lineweaver Wealth Advisors LLC’s holdings in Walmart were worth $1,067,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwest Capital Management Inc increased its stake in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares in the last quarter. Partnership Wealth Management LLC purchased a new stake in Walmart during the 4th quarter worth approximately $30,000. Able Wealth Management LLC purchased a new stake in Walmart during the 4th quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Walmart during the 4th quarter worth approximately $32,000. Finally, Signature Resources Capital Management LLC purchased a new stake in Walmart during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 2.6 %

Walmart stock opened at $70.04 on Friday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $70.15. The stock’s fifty day simple moving average is $64.93 and its 200-day simple moving average is $59.95. 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 $563.37 billion, a P/E ratio of 29.97, a P/E/G ratio of 4.04 and a beta of 0.50.

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 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 business had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same quarter in the prior year, the company earned $0.49 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. As a group, equities analysts expect that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 3,633,800 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $66.80, for a total value of $242,737,840.00. Following the sale, the insider now directly owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Walmart news, major shareholder Alice L. Walton sold 3,633,800 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $66.80, for a total value of $242,737,840.00. Following the sale, the insider now directly owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director S Robson Walton sold 3,540,250 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $64.55, for a total value of $228,523,137.50. Following the completion of the sale, the director now owns 648,504,011 shares in the company, valued at $41,860,933,910.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,525,340 shares of company stock valued at $953,023,399. 45.58% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on WMT shares. The Goldman Sachs Group boosted their price objective on Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Evercore ISI boosted their target price on Walmart from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Barclays boosted their target price on Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. KeyCorp boosted their target price on Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Finally, Truist Financial boosted their target price on Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $70.47.

Read Our Latest Analysis on WMT

About Walmart

(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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