Walmart Inc. (NYSE:WMT) Shares Acquired by Live Oak Private Wealth LLC

Live Oak Private Wealth LLC lifted its position in shares of Walmart Inc. (NYSE:WMTGet Rating) by 13.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,879 shares of the retailer’s stock after buying an additional 1,055 shares during the quarter. Live Oak Private Wealth LLC’s holdings in Walmart were worth $1,322,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WMT. Conrad Siegel Investment Advisors Inc. acquired a new position in shares of Walmart during the 1st quarter worth $27,000. Industrial Alliance Investment Management Inc. acquired a new position in Walmart in the 4th quarter valued at about $28,000. Gibson Wealth Advisors LLC acquired a new position in Walmart in the 4th quarter valued at about $29,000. Joseph P. Lucia & Associates LLC acquired a new position in Walmart in the 1st quarter valued at about $29,000. Finally, Level Financial Advisors Inc. acquired a new position in Walmart in the 4th quarter valued at about $35,000. 30.79% of the stock is owned by institutional investors and hedge funds.

NYSE WMT opened at $122.63 on Friday. The stock has a market cap of $336.15 billion, a PE ratio of 26.37, a P/E/G ratio of 3.51 and a beta of 0.50. Walmart Inc. has a fifty-two week low of $117.27 and a fifty-two week high of $160.77. The business has a 50 day moving average price of $132.25 and a two-hundred day moving average price of $139.61. The company has a quick ratio of 0.23, a current ratio of 0.86 and a debt-to-equity ratio of 0.43.

Walmart (NYSE:WMTGet Rating) last released its earnings results on Tuesday, May 17th. The retailer reported $1.30 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.18). The business had revenue of $141.60 billion for the quarter, compared to analysts’ expectations of $138.05 billion. Walmart had a net margin of 2.26% and a return on equity of 19.05%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.69 earnings per share. Sell-side analysts anticipate that Walmart Inc. will post 6.4 EPS for the current fiscal year.

WMT has been the subject of several analyst reports. MKM Partners cut their target price on shares of Walmart to $159.00 and set a “na” rating for the company in a research note on Wednesday, May 18th. BMO Capital Markets cut their target price on shares of Walmart from $170.00 to $165.00 and set an “outperform” rating for the company in a research note on Wednesday, May 18th. Wells Fargo & Company cut their target price on shares of Walmart from $165.00 to $150.00 and set a “na” rating for the company in a research note on Tuesday, May 17th. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 23rd. Finally, Bank of America dropped their price objective on shares of Walmart from $190.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $156.74.

In other news, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction that occurred on Thursday, April 28th. The stock was sold at an average price of $154.41, for a total transaction of $1,499,012.28. Following the completion of the transaction, the chief executive officer now directly owns 1,536,571 shares in the company, valued at approximately $237,261,928.11. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 29,124 shares of company stock valued at $3,904,072. Company insiders own 48.44% of the company’s stock.

About Walmart (Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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