Linscomb Wealth Inc. Buys 13,089 Shares of Walmart Inc. (NYSE:WMT)

Linscomb Wealth Inc. lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 189.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 19,994 shares of the retailer’s stock after buying an additional 13,089 shares during the quarter. Linscomb Wealth Inc.’s holdings in Walmart were worth $1,203,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of WMT. Flynn Zito Capital Management LLC lifted its stake in shares of Walmart by 3.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after buying an additional 61 shares in the last quarter. ICW Investment Advisors LLC lifted 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 worth $2,436,000 after acquiring an additional 62 shares in the last quarter. Rossmore Private Capital lifted its position in shares of Walmart by 0.3% during the fourth quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after acquiring an additional 65 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its holdings in shares of Walmart by 0.3% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after acquiring an additional 65 shares during the period. Finally, Avion Wealth grew its position in shares of Walmart by 7.2% in the fourth quarter. Avion Wealth now owns 1,014 shares of the retailer’s stock valued at $160,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 0.3 %

Shares of Walmart stock traded down $0.24 on Friday, hitting $69.78. The stock had a trading volume of 16,789,306 shares, compared to its average volume of 12,217,879. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. Walmart Inc. has a one year low of $49.85 and a one year high of $71.33. The stock’s 50-day simple moving average is $67.81 and its two-hundred day simple moving average is $61.81. The stock has a market cap of $561.28 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 4.04 and a beta of 0.50.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $161.50 billion for 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%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. As a group, sell-side analysts predict that Walmart Inc. will post 2.43 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on WMT. Roth Mkm raised their target price on Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Citigroup raised their price objective on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Truist Financial upped their target price on shares of Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a report on Friday, May 17th. UBS Group raised their price target on shares of Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Finally, Tigress Financial upped their price target on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $71.60.

Insiders Place Their Bets

In related news, major shareholder Alice L. Walton sold 3,633,800 shares of Walmart 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 owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 3,633,800 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $65.23, for a total value of $1,899,758.52. Following the sale, the chief executive officer now directly owns 3,989,526 shares in the company, valued at $260,236,780.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,540,863 shares of company stock worth $954,424,817. 45.58% of the stock is currently owned by company insiders.

About Walmart

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.