Lindbrook Capital LLC Grows Position in Walmart Inc (NYSE:WMT)

Lindbrook Capital LLC lifted its stake in Walmart Inc (NYSE:WMT) by 2.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,751 shares of the retailer’s stock after buying an additional 98 shares during the quarter. Lindbrook Capital LLC’s holdings in Walmart were worth $414,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in WMT. Rowland & Co. Investment Counsel ADV grew its holdings in shares of Walmart by 5.0% in the 4th quarter. Rowland & Co. Investment Counsel ADV now owns 73,754 shares of the retailer’s stock valued at $6,870,000 after acquiring an additional 3,520 shares in the last quarter. Annex Advisory Services LLC lifted its stake in Walmart by 9.5% in the 4th quarter. Annex Advisory Services LLC now owns 33,714 shares of the retailer’s stock valued at $3,140,000 after purchasing an additional 2,938 shares during the last quarter. Verity Asset Management Inc. lifted its stake in Walmart by 2.3% in the 4th quarter. Verity Asset Management Inc. now owns 8,057 shares of the retailer’s stock valued at $751,000 after purchasing an additional 184 shares during the last quarter. Comgest Global Investors S.A.S. lifted its stake in Walmart by 55.5% in the 4th quarter. Comgest Global Investors S.A.S. now owns 1,851,000 shares of the retailer’s stock valued at $172,421,000 after purchasing an additional 660,500 shares during the last quarter. Finally, Providence First Trust Co acquired a new stake in Walmart in the 4th quarter valued at about $1,313,000. 30.04% of the stock is currently owned by hedge funds and other institutional investors.

NYSE WMT opened at $109.40 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.21 and a debt-to-equity ratio of 0.89. Walmart Inc has a 1-year low of $85.78 and a 1-year high of $115.49. The company has a 50 day simple moving average of $111.91. The firm has a market capitalization of $315.10 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 4.82 and a beta of 0.41.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The company had revenue of $122.95 billion during the quarter, compared to the consensus estimate of $124.51 billion. During the same period in the previous year, the business earned $1.14 earnings per share. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. Research analysts predict that Walmart Inc will post 4.84 earnings per share for the current year.

In other news, Director S Robson Walton sold 1,322,329 shares of Walmart stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $102.04, for a total value of $134,930,451.16. Following the completion of the sale, the director now directly owns 3,347,511 shares in the company, valued at $341,580,022.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Jim C. Walton sold 1,626,851 shares of Walmart stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $101.08, for a total transaction of $164,442,099.08. Following the completion of the sale, the insider now owns 17,502,080 shares of the company’s stock, valued at $1,769,110,246.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,559,285 shares of company stock valued at $571,021,654. 51.11% of the stock is owned by company insiders.

Several equities research analysts recently issued reports on WMT shares. KeyCorp raised their target price on shares of Walmart from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday, June 24th. Deutsche Bank raised their target price on shares of Walmart from $118.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Loop Capital raised their target price on shares of Walmart to $115.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Zacks Investment Research upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research note on Wednesday, May 22nd. Finally, Sanford C. Bernstein upgraded shares of Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 target price for the company in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $109.56.

About Walmart

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

Featured Story: How to invest in a bear market

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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.