Lake Street Private Wealth LLC Buys 1,628 Shares of Walmart Inc. (NYSE:WMT)

Lake Street Private Wealth LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 15.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,421 shares of the retailer’s stock after purchasing an additional 1,628 shares during the period. Lake Street Private Wealth LLC’s holdings in Walmart were worth $1,122,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dakota Community Bank & Trust NA grew its stake in shares of Walmart by 4.0% in the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after buying an additional 110 shares in the last quarter. Kozak & Associates Inc. lifted its holdings in shares of Walmart by 22.3% in the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock valued at $56,000 after acquiring an additional 113 shares during the last quarter. Summit Financial Wealth Advisors LLC grew its position in Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after acquiring an additional 118 shares in the last quarter. Lowe Wealth Advisors LLC increased its stake in Walmart by 13.5% during the fourth quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock worth $92,000 after acquiring an additional 121 shares during the last quarter. Finally, Providence Wealth Advisors LLC raised its position in Walmart by 0.3% during the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after purchasing an additional 122 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 0.8 %

NYSE:WMT opened at $92.02 on Friday. The company’s 50-day simple moving average is $91.15 and its 200-day simple moving average is $81.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a fifty-two week low of $53.44 and a fifty-two week high of $96.18. The stock has a market capitalization of $739.19 billion, a P/E ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the previous year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at $49,198,598.40. The trade was a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,177 shares of company stock valued at $12,478,149 in the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on WMT shares. Telsey Advisory Group increased their price target on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Wells Fargo & Company raised their target price on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. DZ Bank downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a report on Thursday, November 21st. Melius Research started coverage on shares of Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective for the company. Finally, Roth Mkm boosted their target price on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $94.49.

Walmart Profile

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.