Linscomb Wealth Inc. Sells 1,783 Shares of Walmart Inc. (NYSE:WMT)

Linscomb Wealth Inc. lessened its position in Walmart Inc. (NYSE:WMT) by 9.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,875 shares of the retailer’s stock after selling 1,783 shares during the period. Linscomb Wealth Inc.’s holdings in Walmart were worth $1,443,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of WMT. EntryPoint Capital LLC bought a new position in Walmart during the 1st quarter valued at approximately $25,000. TruNorth Capital Management LLC increased its stake in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the period. Cultivar Capital Inc. purchased a new stake in shares of Walmart in the 2nd quarter worth about $29,000. FSA Wealth Management LLC boosted its stake in shares of Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after purchasing an additional 377 shares in the last quarter. Finally, Kozak & Associates Inc. increased its position in shares of Walmart by 216.4% during the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after buying an additional 344 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of NYSE:WMT opened at $84.27 on Friday. The stock has a market capitalization of $677.38 billion, a P/E ratio of 43.81, a PEG ratio of 4.22 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $85.79. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $81.29 and a two-hundred day simple moving average of $72.78.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. 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 business posted $0.61 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. On average, analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Jefferies Financial Group increased their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. KeyCorp raised their price target on Walmart from $87.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, TD Cowen boosted their target price on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $85.18.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. This represents a 0.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the sale, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,823,647 over the last 90 days. Insiders own 45.58% of the company’s stock.

About Walmart

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.