Lmcg Investments LLC Decreases Stock Holdings in Walmart Inc. (NYSE:WMT)

Lmcg Investments LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,415 shares of the retailer’s stock after selling 5,633 shares during the period. Walmart comprises approximately 1.0% of Lmcg Investments LLC’s investment portfolio, making the stock its 23rd largest holding. Lmcg Investments LLC’s holdings in Walmart were worth $15,861,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WMT. Vanguard Group Inc. raised its stake in Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares during the last quarter. Swiss National Bank raised its stake in Walmart by 187.4% in the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after purchasing an additional 8,674,100 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Walmart by 284.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock worth $669,227,000 after acquiring an additional 8,225,552 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Walmart by 184.1% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock worth $756,188,000 after acquiring an additional 8,144,393 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Up 0.3 %

Shares of NYSE WMT traded up $0.24 during midday trading on Friday, hitting $82.19. 12,181,833 shares of the company’s stock were exchanged, compared to its average volume of 11,532,335. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $83.34. The company has a market cap of $660.66 billion, a PE ratio of 42.73, a P/E/G ratio of 4.10 and a beta of 0.51. The firm’s fifty day simple moving average is $79.80 and its 200-day simple moving average is $71.09.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. Research analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the transaction, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,334,337 shares of company stock valued at $958,577,287 over the last quarter. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of recent research reports. KeyCorp raised their target price on Walmart from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Truist Financial raised Walmart from a “hold” rating to a “buy” rating and raised their target price for the stock from $76.00 to $89.00 in a research note on Tuesday, September 24th. DA Davidson increased their price target on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Telsey Advisory Group increased their price target on Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Finally, Piper Sandler reiterated an “overweight” rating and set a $83.00 price target (up from $81.00) on shares of Walmart in a report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $83.89.

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.