Walmart Inc. (NYSE:WMT) Shares Bought by Lavaca Capital LLC

Lavaca Capital LLC increased its stake in Walmart Inc. (NYSE:WMT) by 305.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,421 shares of the retailer’s stock after purchasing an additional 15,390 shares during the quarter. Walmart accounts for 0.7% of Lavaca Capital LLC’s investment portfolio, making the stock its 22nd largest position. Lavaca Capital LLC’s holdings in Walmart were worth $1,229,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. AHL Investment Management Inc. increased its holdings in Walmart by 192.1% during the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after acquiring an additional 15,785 shares in the last quarter. Valley Brook Capital Group Inc. increased its holdings in Walmart by 4.2% during the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after acquiring an additional 315 shares in the last quarter. Core Wealth Advisors Inc. increased its holdings in Walmart by 38.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after acquiring an additional 420 shares in the last quarter. Liberty Wealth Management LLC purchased a new position in Walmart during the 1st quarter valued at about $270,000. Finally, Commerce Bank increased its holdings in Walmart by 189.4% during the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after acquiring an additional 600,521 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total value of $177,240.00. Following the sale, the executive vice president now owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total value of $177,240.00. Following the sale, the executive vice president now owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the completion of the transaction, the insider now owns 636,898,811 shares of the company’s stock, valued at approximately $42,544,840,574.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,540,863 shares of company stock valued at $954,424,817. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of NYSE:WMT traded down $0.16 on Monday, reaching $69.62. 10,040,268 shares of the company’s stock were exchanged, compared to its average volume of 17,328,914. The firm has a market capitalization of $559.99 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 4.02 and a beta of 0.50. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $71.33. The business’s 50-day moving average is $67.92 and its two-hundred day moving average is $61.98. 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 (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 earnings per share. As a group, equities research analysts forecast that Walmart Inc. will post 2.43 EPS for the current year.

Analysts Set New Price Targets

WMT has been the subject of a number of recent research reports. Telsey Advisory Group lifted their price target on shares of Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. Roth Mkm boosted their price objective on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, May 17th. HSBC boosted their price objective on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Truist Financial boosted their price objective on shares of Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Finally, Citigroup boosted 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. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $71.60.

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.