Lansing Street Advisors Has $255,000 Stock Position in Walmart Inc. (NYSE:WMT)

Lansing Street Advisors lifted its holdings in Walmart Inc. (NYSE:WMT) by 6.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,771 shares of the retailer’s stock after acquiring an additional 239 shares during the quarter. Lansing Street Advisors’ holdings in Walmart were worth $255,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. AHL Investment Management Inc. grew its position in Walmart by 192.1% during the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after buying an additional 15,785 shares in the last quarter. Core Wealth Advisors Inc. grew its holdings in shares of Walmart by 38.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after purchasing an additional 420 shares in the last quarter. Liberty Wealth Management LLC bought a new position in shares of Walmart in the first quarter worth $270,000. Commerce Bank raised its stake in Walmart by 189.4% in the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after purchasing an additional 600,521 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Walmart by 290.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after buying an additional 200,947 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Trading Up 0.0 %

Shares of WMT stock opened at $78.84 on Thursday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $78.92. The company has a 50-day simple moving average of $72.07 and a two-hundred day simple moving average of $65.85. 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 company has a market capitalization of $633.74 billion, a price-to-earnings ratio of 33.74, a PEG ratio of 3.84 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. Research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analyst Ratings Changes

WMT has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Royal Bank of Canada lifted their price target on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Citigroup upped their price objective on Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Finally, Raymond James raised their price target on shares of Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $78.99.

Insider Activity

In other Walmart news, major shareholder S Robson Walton sold 1,244,347 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the sale, the insider now directly owns 633,518,311 shares of the company’s stock, valued at $42,211,325,061.93. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the sale, the insider now owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder S Robson Walton sold 1,244,347 shares of Walmart stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $66.63, for a total value of $82,910,840.61. Following the transaction, the insider now directly owns 633,518,311 shares of the company’s stock, valued at approximately $42,211,325,061.93. The disclosure for this sale can be found here. Insiders have sold 10,513,707 shares of company stock valued at $797,374,003 in the last 90 days. Insiders own 45.58% of the company’s stock.

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.