Walmart Inc. (NYSE:WMT) Stock Holdings Lessened by Lincoln Capital Corp

Lincoln Capital Corp cut its stake in shares of Walmart Inc. (NYSE:WMT) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,215 shares of the retailer’s stock after selling 838 shares during the quarter. Walmart accounts for 1.1% of Lincoln Capital Corp’s portfolio, making the stock its 26th largest holding. Lincoln Capital Corp’s holdings in Walmart were worth $2,640,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of WMT. Beaird Harris Wealth Management LLC increased its stake in Walmart by 44.8% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 2,726 shares of the retailer’s stock valued at $185,000 after buying an additional 843 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of Walmart during the 2nd quarter valued at $45,264,000. Arkos Global Advisors increased its stake in shares of Walmart by 7.8% in the second quarter. Arkos Global Advisors now owns 22,184 shares of the retailer’s stock worth $1,502,000 after acquiring an additional 1,605 shares during the last quarter. Kathmere Capital Management LLC raised its holdings in shares of Walmart by 14.8% during the second quarter. Kathmere Capital Management LLC now owns 44,866 shares of the retailer’s stock worth $3,038,000 after acquiring an additional 5,769 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Walmart during the second quarter worth $270,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other Walmart news, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the sale, the senior vice president now directly owns 87,404 shares in the company, valued at $7,993,095.80. This represents a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the transaction, the chief executive officer now directly owns 3,766,491 shares of the company’s stock, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,177 shares of company stock valued at $12,895,688 over the last quarter. 45.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WMT. Jefferies Financial Group upped their target price on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Bank of America boosted their target price on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Barclays raised their price target on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Finally, Evercore ISI upped their price objective on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $94.69.

Walmart Price Performance

Shares of NYSE:WMT opened at $94.84 on Friday. The firm has a market capitalization of $761.90 billion, a PE ratio of 38.92, a PEG ratio of 4.42 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 1-year low of $53.47 and a 1-year high of $96.18. The business’s 50 day moving average is $92.02 and its 200-day moving average is $82.13.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the previous year, the company earned $0.51 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts predict that Walmart Inc. will post 2.48 earnings per share for the current year.

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.