Leelyn Smith LLC Has $693,000 Stake in Walmart Inc. (NYSE:WMT)

Leelyn Smith LLC decreased its stake in Walmart Inc. (NYSE:WMT) by 88.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,586 shares of the retailer’s stock after selling 68,711 shares during the period. Leelyn Smith LLC’s holdings in Walmart were worth $693,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. WFA Asset Management Corp lifted its stake in Walmart by 201.0% in the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after acquiring an additional 1,397 shares during the last quarter. Dupont Capital Management Corp increased its position in Walmart by 165.4% during the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock worth $16,255,000 after buying an additional 168,346 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Walmart in the first quarter valued at approximately $25,000. Westwood Holdings Group Inc. lifted its position in shares of Walmart by 168.9% in the first quarter. Westwood Holdings Group Inc. now owns 1,531,461 shares of the retailer’s stock valued at $92,148,000 after buying an additional 961,936 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Walmart by 193.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 74,195 shares of the retailer’s stock worth $4,464,000 after acquiring an additional 48,895 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 2.3 %

Shares of NYSE:WMT opened at $90.44 on Friday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $90.91. The company has a market capitalization of $726.94 billion, a PE ratio of 37.11, a price-to-earnings-growth ratio of 4.20 and a beta of 0.51. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.22 and a current ratio of 0.85. The company has a fifty day moving average of $82.12 and a 200-day moving average of $73.75.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the company earned $0.51 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the transaction, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. The trade was a 0.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The trade was a 0.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Bank of America increased their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday. Oppenheimer increased their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. DA Davidson lifted their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. TD Cowen increased their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Morgan Stanley boosted their price objective on Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $91.88.

Walmart Company 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.