LVM Capital Management Ltd. MI increased its position in shares of Walmart Inc. (NYSE:WMT – Get Rating) by 32.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,909 shares of the retailer’s stock after acquiring an additional 464 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in Walmart were worth $284,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Baltimore Washington Financial Advisors Inc. acquired a new position in shares of Walmart during the fourth quarter valued at $286,000. Gibson Wealth Advisors LLC acquired a new position in shares of Walmart during the fourth quarter valued at $29,000. Level Financial Advisors Inc. bought a new stake in Walmart in the fourth quarter valued at about $35,000. James Reed Financial Services Inc. bought a new stake in Walmart in the fourth quarter valued at about $35,000. Finally, Concorde Financial Corp bought a new stake in Walmart in the fourth quarter valued at about $37,000. 30.79% of the stock is currently owned by institutional investors and hedge funds.
WMT has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $160.00 price objective on Walmart in a report on Wednesday, May 18th. Telsey Advisory Group lowered their price target on Walmart from $175.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, May 18th. MKM Partners lowered their price target on Walmart to $159.00 and set a “na” rating for the company in a report on Wednesday, May 18th. Bank of America lowered their price target on Walmart from $190.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, May 18th. Finally, Truist Financial lowered their price target on Walmart from $150.00 to $139.00 and set a “na” rating for the company in a report on Wednesday, May 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.56.
Walmart (NYSE:WMT – Get Rating) last released its quarterly earnings data on Tuesday, May 17th. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.18). Walmart had a net margin of 2.26% and a return on equity of 19.05%. The business had revenue of $141.60 billion during the quarter, compared to analyst estimates of $138.05 billion. During the same period in the previous year, the business earned $1.69 earnings per share. The business’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, analysts expect that Walmart Inc. will post 6.4 earnings per share for the current year.
In other news, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $125.61, for a total transaction of $1,219,421.88. Following the transaction, the chief executive officer now owns 1,526,864 shares in the company, valued at $191,789,387.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 48.44% of the stock is currently owned by company insiders.
About Walmart (Get Rating)
Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
- Get a free copy of the StockNews.com research report on Walmart (WMT)
- Victoria’s Secret Stock is Out of the Box
- Downturn Gives These 3 Buys Juicy Dividend Yields
- Time For a Ride in Six Flags Stock
- Why Dollar General (NYSE: DG) Should Be In Your Portfolio
- Korn Ferry Is A Good Buy For The Recession And Beyond
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.