Lansing Street Advisors Has $316,000 Stock Position in Walmart Inc. (NYSE:WMT)

Lansing Street Advisors boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,916 shares of the retailer’s stock after acquiring an additional 145 shares during the period. Lansing Street Advisors’ holdings in Walmart were worth $316,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in WMT. Voisard Asset Management Group Inc. grew its holdings in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares in the last quarter. Hoese & Co LLP bought a new stake in Walmart in the 3rd quarter worth about $33,000. EntryPoint Capital LLC purchased a new stake in Walmart in the 1st quarter valued at about $25,000. TruNorth Capital Management LLC boosted its stake in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the last quarter. Finally, Cultivar Capital Inc. bought a new position in shares of Walmart in the second quarter valued at approximately $29,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Price Performance

WMT opened at $82.19 on Monday. The company’s 50-day simple moving average is $79.80 and its two-hundred day simple moving average is $71.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a market capitalization of $660.66 billion, a P/E ratio of 42.81, a P/E/G ratio of 4.10 and a beta of 0.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $83.34.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the sale, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,334,337 shares of company stock worth $958,577,287 in the last ninety days. Insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Oppenheimer lifted their price target on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company increased their target price on shares of Walmart from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday. Jefferies Financial Group lifted their target price on shares of Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $83.89.

Walmart Company 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.