LMG Wealth Partners LLC Has $15.98 Million Holdings in Walmart Inc. (NYSE:WMT)

LMG Wealth Partners LLC increased its position in shares of Walmart Inc. (NYSE:WMTFree Report) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 176,887 shares of the retailer’s stock after acquiring an additional 1,446 shares during the period. Walmart makes up about 3.5% of LMG Wealth Partners LLC’s holdings, making the stock its 3rd biggest position. LMG Wealth Partners LLC’s holdings in Walmart were worth $15,982,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB grew its position in Walmart by 0.4% during the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after buying an additional 18,644 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in shares of Walmart by 18.9% during the 3rd quarter. Foundations Investment Advisors LLC now owns 68,449 shares of the retailer’s stock valued at $5,527,000 after acquiring an additional 10,869 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Walmart by 3.8% during the third quarter. Sequoia Financial Advisors LLC now owns 691,596 shares of the retailer’s stock worth $55,846,000 after purchasing an additional 25,386 shares in the last quarter. Eastern Bank increased its position in shares of Walmart by 128.0% in the third quarter. Eastern Bank now owns 1,346,897 shares of the retailer’s stock worth $108,762,000 after purchasing an additional 756,064 shares during the last quarter. Finally, Maripau Wealth Management LLC raised its stake in Walmart by 6.1% in the third quarter. Maripau Wealth Management LLC now owns 11,741 shares of the retailer’s stock valued at $948,000 after purchasing an additional 674 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Walmart news, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the transaction, the senior vice president now owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the sale, the executive vice president now directly owns 257,281 shares in the company, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Telsey Advisory Group increased their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Oppenheimer lifted their price target on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Citigroup increased their price objective on Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Tigress Financial raised their price objective on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Two analysts have rated the stock with a hold rating, twenty-nine have given 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 a consensus price target of $101.87.

View Our Latest Analysis on WMT

Walmart Trading Up 0.1 %

Shares of WMT opened at $103.90 on Thursday. Walmart Inc. has a 1-year low of $57.60 and a 1-year high of $105.30. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average price is $95.56 and its 200-day moving average price is $86.17. The firm has a market capitalization of $834.69 billion, a price-to-earnings ratio of 42.64, a PEG ratio of 4.39 and a beta of 0.55.

Walmart (NYSE:WMTGet Free Report) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the business earned $0.51 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts anticipate that Walmart Inc. will post 2.48 EPS for the current year.

Walmart Company 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.

Read More

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.