Lakeridge Wealth Management LLC Sells 131 Shares of Walmart Inc. (NYSE:WMT)

Lakeridge Wealth Management LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,000 shares of the retailer’s stock after selling 131 shares during the period. Lakeridge Wealth Management LLC’s holdings in Walmart were worth $723,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Brophy Wealth Management LLC bought a new position in Walmart during the 3rd quarter worth $2,072,000. Bank of New Hampshire raised its position in shares of Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after acquiring an additional 5,786 shares in the last quarter. Iowa State Bank raised its position in shares of Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after acquiring an additional 18,263 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Walmart in the 3rd quarter worth about $541,000. 26.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Evercore ISI lifted their price objective on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Citigroup raised their target price on Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Morgan Stanley restated an “overweight” rating and issued a $115.00 target price (up from $106.00) on shares of Walmart in a research note on Thursday. Finally, Roth Mkm raised their target price on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus price target of $99.17.

Walmart Trading Down 1.0 %

NYSE:WMT opened at $104.04 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $835.78 billion, a PE ratio of 42.70, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. The firm’s 50 day moving average is $94.99 and its 200 day moving average is $85.33. Walmart Inc. has a 12 month low of $55.99 and a 12 month high of $105.30.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS 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 company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. Walmart’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the transaction, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. The trade was a 12.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average price of $91.81 per share, with a total value of $499,997.26. Following the completion of the transaction, the director now directly owns 7,805 shares in the company, valued at approximately $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 175,177 shares of company stock valued at $16,403,728 in the last 90 days. 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.