Lansing Street Advisors Sells 176 Shares of Walmart Inc. (NYSE:WMT)

by · The Markets Daily

Lansing Street Advisors lessened its holdings in shares of Walmart Inc. (NYSE:WMT – Free Report) by 4.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,928 shares of the retailer’s stock after selling 176 shares during the period. Lansing Street Advisors’ holdings in Walmart were worth $345,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMT. Horizon Financial Services LLC boosted its position in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after buying an additional 262 shares during the last quarter. EQ Wealth Advisors LLC bought a new position in Walmart in the first quarter valued at about $35,000. Mizuho Bank Ltd. acquired a new stake in Walmart in the fourth quarter worth about $41,000. Nexus Investment Management ULC acquired a new stake in Walmart in the first quarter worth about $49,000. Finally, WealthTrak Capital Management LLC bought a new stake in Walmart during the 4th quarter worth about $53,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Up 0.5%

Shares of NYSE:WMT opened at $98.25 on Wednesday. The firm has a market cap of $784.08 billion, a price-to-earnings ratio of 41.99, a PEG ratio of 4.77 and a beta of 0.68. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The company’s fifty day simple moving average is $96.97 and its 200 day simple moving average is $94.29. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. As a group, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were given a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s dividend payout ratio (DPR) is currently 40.17%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on WMT shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $103.00 price target (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a research note on Monday, May 5th. Mizuho upped their target price on shares of Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, June 9th. Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 price target on shares of Walmart in a research note on Monday, June 9th. Finally, KeyCorp lifted their price objective on Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, June 9th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $106.50.

View Our Latest Research Report on WMT

Insider Transactions at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 28,000 shares of Walmart stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total value of $2,716,000.00. Following the sale, the executive vice president directly owned 1,064,455 shares in the company, valued at approximately $103,252,135. The trade was a 2.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,148 shares of the business’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the sale, the chief executive officer directly owned 4,451,199 shares in the company, valued at $429,896,799.42. This trade represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,511 shares of company stock worth $13,493,751. Insiders own 45.58% of the company’s stock.

About Walmart

(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.

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