Lantz Financial LLC Acquires 6,345 Shares of Walmart Inc. (NYSE:WMT)

Lantz Financial LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 213.9% in the first quarter, Holdings Channel reports. The firm owned 9,312 shares of the retailer’s stock after purchasing an additional 6,345 shares during the period. Lantz Financial LLC’s holdings in Walmart were worth $560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Partnership Wealth Management LLC bought a new position in Walmart during the fourth quarter valued at about $30,000. Able Wealth Management LLC purchased a new position in Walmart in the fourth quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Walmart during the 4th quarter valued at approximately $32,000. Signature Resources Capital Management LLC purchased a new stake in shares of Walmart during the 4th quarter worth approximately $35,000. Finally, Tidemark LLC bought a new stake in shares of Walmart in the 4th quarter worth approximately $37,000. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of several research reports. Tigress Financial increased their price objective on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Truist Financial boosted their price objective on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research note on Friday, May 17th. The Goldman Sachs Group lifted their target price on shares of Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. UBS Group upped their price target on shares of Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Finally, TD Cowen lifted their price objective on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.97.

Walmart Price Performance

WMT opened at $67.91 on Friday. 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 stock has a market capitalization of $546.24 billion, a P/E ratio of 29.06, a PEG ratio of 3.92 and a beta of 0.52. The stock has a 50-day moving average price of $63.23 and a 200-day moving average price of $58.70. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $68.55.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. Walmart’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. Equities analysts predict that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the transaction, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the transaction, the executive vice president now owns 521,613 shares in the company, valued at approximately $30,816,896.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $66.85, for a total value of $877,406.25. Following the transaction, the executive vice president now directly owns 658,665 shares of the company’s stock, valued at approximately $44,031,755.25. The disclosure for this sale can be found here. Insiders have sold a total of 14,493,971 shares of company stock worth $950,549,592 in the last 90 days. 45.58% of the stock is owned by company insiders.

About Walmart

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.