Lincoln Capital LLC Buys 13,732 Shares of Walmart Inc. (NYSE:WMT)

Lincoln Capital LLC increased its stake in shares of Walmart Inc. (NYSE:WMT) by 200.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 20,598 shares of the retailer’s stock after purchasing an additional 13,732 shares during the period. Lincoln Capital LLC’s holdings in Walmart were worth $1,239,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Flynn Zito Capital Management LLC grew its position in shares of Walmart by 3.9% during the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after purchasing an additional 61 shares in the last quarter. ICW Investment Advisors LLC raised its position in shares of Walmart by 0.4% during the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after buying an additional 62 shares during the last quarter. Bill Few Associates Inc. boosted its position in shares of Walmart by 1.1% during the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after acquiring an additional 64 shares during the last quarter. Gateway Advisory LLC lifted its stake in Walmart by 4.1% in the 3rd quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock worth $263,000 after purchasing an additional 65 shares in the last quarter. Finally, Rossmore Private Capital grew its stake in shares of Walmart by 0.3% in the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, major shareholder S Robson Walton sold 1,244,347 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $66.63, for a total value of $82,910,840.61. Following the transaction, the insider now owns 633,518,311 shares of the company’s stock, valued at $42,211,325,061.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Walmart news, major shareholder S Robson Walton sold 1,244,347 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the transaction, the insider now directly owns 633,518,311 shares in the company, valued at $42,211,325,061.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $60.26, for a total transaction of $180,780.00. Following the sale, the executive vice president now directly owns 524,613 shares in the company, valued at $31,613,179.38. The disclosure for this sale can be found here. Insiders sold a total of 14,451,722 shares of company stock worth $947,990,915 in the last 90 days. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

WMT traded down $0.31 during trading on Friday, hitting $67.57. The company’s stock had a trading volume of 2,634,688 shares, compared to its average volume of 17,953,543. The firm has a market capitalization of $543.50 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 3.94 and a beta of 0.52. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $69.04. The business’s fifty day simple moving average is $63.74 and its 200 day simple moving average is $59.11. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $161.50 billion for 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%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. On average, equities research analysts forecast that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on WMT. UBS Group boosted their target price on Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. BMO Capital Markets increased their target price on shares of Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Oppenheimer lifted their price target on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. DA Davidson boosted their target price on Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, Royal Bank of Canada lifted 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. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.97.

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.