Walmart Inc. (NYSE:WMT) Stock Position Trimmed by Lathrop Investment Management Corp

Lathrop Investment Management Corp trimmed its position in Walmart Inc. (NYSE:WMT - Free Report) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 324,578 shares of the retailer's stock after selling 7,849 shares during the period. Walmart comprises 4.9% of Lathrop Investment Management Corp's portfolio, making the stock its 2nd biggest holding. Lathrop Investment Management Corp's holdings in Walmart were worth $26,210,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in WMT. EntryPoint Capital LLC bought a new stake in shares of Walmart in the 1st quarter worth about $25,000. Peterson Financial Group Inc. purchased a new position in shares of Walmart in the 3rd quarter worth approximately $26,000. TruNorth Capital Management LLC increased its position in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer's stock valued at $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new stake in Walmart during the 2nd quarter valued at $29,000. Finally, FSA Wealth Management LLC raised its stake in shares of Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer's stock valued at $32,000 after acquiring an additional 377 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Trading Up 2.1 %

Shares of Walmart stock traded up $1.88 during trading hours on Friday, hitting $90.27. The company's stock had a trading volume of 13,736,697 shares, compared to its average volume of 16,838,156. The firm has a fifty day moving average of $81.92 and a 200-day moving average of $73.54. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.22 and a current ratio of 0.85. The stock has a market cap of $725.61 billion, a price-to-earnings ratio of 37.05, a P/E/G ratio of 4.33 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $90.91.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion for the quarter, compared to analysts' expectations of $167.69 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. Walmart's revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on WMT shares. Wells Fargo & Company boosted their target price on shares of Walmart from $90.00 to $96.00 and gave the company an "overweight" rating in a research note on Wednesday. Jefferies Financial Group lifted their price target on shares of Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, November 15th. The Goldman Sachs Group increased their price objective on Walmart from $73.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Evercore ISI upped their target price on Walmart from $66.00 to $89.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Oppenheimer raised their price target on Walmart from $81.00 to $90.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Two 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $91.88.

Insider Buying and Selling

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on 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 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Company 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.