LRI Investments LLC Acquires Shares of 26,528 Walmart Inc. (NYSE:WMT)

LRI Investments LLC bought a new position in Walmart Inc. (NYSE:WMT) during the first quarter, HoldingsChannel.com reports. The fund bought 26,528 shares of the retailer’s stock, valued at approximately $1,603,000.

A number of other large investors have also recently made changes to their positions in the business. Blackston Financial Advisory Group LLC bought a new stake in shares of Walmart in the 4th quarter worth about $923,000. Columbia Trust Co 01012016 grew its stake in shares of Walmart by 7.5% during the fourth quarter. Columbia Trust Co 01012016 now owns 1,939 shares of the retailer’s stock valued at $306,000 after buying an additional 135 shares during the last quarter. Procyon Advisors LLC raised its holdings in shares of Walmart by 10.1% in the fourth quarter. Procyon Advisors LLC now owns 10,630 shares of the retailer’s stock worth $1,676,000 after buying an additional 973 shares during the period. LaFleur & Godfrey LLC raised its holdings in shares of Walmart by 1.9% in the fourth quarter. LaFleur & Godfrey LLC now owns 25,826 shares of the retailer’s stock worth $4,071,000 after buying an additional 482 shares during the period. Finally, 25 LLC bought a new stake in shares of Walmart during the 4th quarter worth approximately $367,000. 26.76% of the stock is currently owned by institutional investors.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the company’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 transaction, 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 through this hyperlink. In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction that occurred 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 owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,540,863 shares of company stock worth $954,424,817. Company insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.3 %

Walmart stock traded down $0.24 during midday trading on Friday, reaching $69.78. The company’s stock had a trading volume of 16,789,306 shares, compared to its average volume of 12,217,879. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The stock has a market capitalization of $561.28 billion, a P/E ratio of 29.86, a PEG ratio of 4.04 and a beta of 0.50. The stock’s 50-day simple moving average is $67.81 and its 200-day simple moving average is $61.81. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $71.33.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. The firm had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. Walmart’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.49 EPS. On average, sell-side analysts expect that Walmart Inc. will post 2.43 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Piper Sandler started coverage on Walmart in a research report on Wednesday, July 10th. They issued an “overweight” rating and a $81.00 price objective on the stock. KeyCorp upped their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. upgraded shares of Walmart from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $66.00 to $81.00 in a report on Monday, June 10th. HSBC upped their target price on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Finally, Tigress Financial lifted their price target on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $71.60.

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.