Lord & Richards Wealth Management LLC Makes New Investment in Walmart Inc. (NYSE:WMT)

Lord & Richards Wealth Management LLC bought a new position in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 7,923 shares of the retailer’s stock, valued at approximately $716,000. Walmart makes up 1.5% of Lord & Richards Wealth Management LLC’s portfolio, making the stock its 21st largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SC&H Financial Advisors Inc. grew its holdings in Walmart by 1.0% during the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after acquiring an additional 103 shares in the last quarter. Scarborough Advisors LLC boosted its holdings in shares of Walmart by 2.0% in the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock valued at $505,000 after buying an additional 109 shares in the last quarter. Dakota Community Bank & Trust NA boosted its holdings in shares of Walmart by 4.0% in the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock valued at $260,000 after buying an additional 110 shares in the last quarter. Rooted Wealth Advisors Inc. boosted its holdings in shares of Walmart by 2.6% in the 4th quarter. Rooted Wealth Advisors Inc. now owns 4,344 shares of the retailer’s stock valued at $394,000 after buying an additional 110 shares in the last quarter. Finally, Hobart Private Capital LLC boosted its holdings in shares of Walmart by 1.6% in the 4th quarter. Hobart Private Capital LLC now owns 6,926 shares of the retailer’s stock valued at $626,000 after buying an additional 111 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Price Performance

NYSE:WMT opened at $104.04 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market cap of $835.78 billion, a price-to-earnings ratio of 42.70, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55. The company has a 50 day moving average price of $94.99 and a 200-day moving average price of $85.33. Walmart Inc. has a 1-year low of $55.99 and a 1-year high of $105.30.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. Equities research analysts forecast that Walmart Inc. will post 2.48 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on WMT. Citigroup raised their price target on shares of Walmart from $98.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Telsey Advisory Group raised their price target on shares of Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday. KeyCorp raised their price target on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Roth Mkm lifted their target price on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein lifted their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $99.17.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. The trade was a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is owned by corporate insiders.

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.