Lbmc Investment Advisors LLC Purchases 5,541 Shares of Walmart Inc. (NYSE:WMT)

Lbmc Investment Advisors LLC grew its position in Walmart Inc. (NYSE:WMT) by 200.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,311 shares of the retailer’s stock after acquiring an additional 5,541 shares during the period. Lbmc Investment Advisors LLC’s holdings in Walmart were worth $500,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Walmart during the 4th quarter worth about $3,674,652,000. BlueSpruce Investments LP bought a new stake in Walmart in the 4th quarter valued at about $568,419,000. International Assets Investment Management LLC boosted its holdings in Walmart by 15,371.4% in the 4th quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock valued at $553,545,000 after purchasing an additional 3,488,530 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Walmart by 11.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock valued at $3,190,194,000 after purchasing an additional 2,150,351 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its holdings in Walmart by 14,035.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,274,428 shares of the retailer’s stock valued at $200,914,000 after purchasing an additional 1,265,412 shares during the period. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on WMT shares. Citigroup boosted their price objective on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Royal Bank of Canada boosted their price objective on shares of Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Oppenheimer boosted their price objective on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Jefferies Financial Group boosted their price objective on shares of Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, Morgan Stanley boosted their target price on shares of Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.97.

Insider Activity

In other news, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction on Monday, June 10th. The shares were 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 of the company’s stock, valued at approximately $42,544,840,574.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the transaction, the insider now directly owns 636,898,811 shares of the company’s stock, valued at $42,544,840,574.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $66.85, for a total transaction of $877,406.25. Following the transaction, the executive vice president now directly owns 658,665 shares in the company, valued at $44,031,755.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,493,971 shares of company stock valued at $950,549,592. 45.58% of the stock is currently owned by insiders.

Walmart Trading Up 1.5 %

NYSE:WMT opened at $68.90 on Tuesday. The firm’s fifty day moving average is $63.41 and its 200-day moving average is $58.92. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $69.04. The firm has a market cap of $554.20 billion, a P/E ratio of 29.49, a P/E/G ratio of 3.92 and a beta of 0.51.

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

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.