Alexander Labrunerie & CO. Inc. Increases Stake in Walmart Inc. (NYSE:WMT)

Alexander Labrunerie & CO. Inc. grew its holdings in Walmart Inc. (NYSE:WMT) by 13.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,254 shares of the retailer’s stock after buying an additional 11,944 shares during the period. Walmart makes up 4.0% of Alexander Labrunerie & CO. Inc.’s portfolio, making the stock its 5th largest holding. Alexander Labrunerie & CO. Inc.’s holdings in Walmart were worth $9,058,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Daymark Wealth Partners LLC boosted its stake in shares of Walmart by 4.2% during the 3rd quarter. Daymark Wealth Partners LLC now owns 149,659 shares of the retailer’s stock worth $12,085,000 after purchasing an additional 6,023 shares during the period. CWM LLC lifted its stake in Walmart by 1.8% in the third quarter. CWM LLC now owns 931,526 shares of the retailer’s stock worth $75,221,000 after purchasing an additional 16,749 shares during the last quarter. Abner Herrman & Brock LLC boosted its position in shares of Walmart by 1.0% during the third quarter. Abner Herrman & Brock LLC now owns 206,455 shares of the retailer’s stock valued at $16,671,000 after buying an additional 2,098 shares during the period. Marcum Wealth LLC grew its stake in shares of Walmart by 1.2% during the third quarter. Marcum Wealth LLC now owns 25,536 shares of the retailer’s stock valued at $2,062,000 after buying an additional 297 shares during the last quarter. Finally, Wedmont Private Capital raised its holdings in shares of Walmart by 4.3% in the third quarter. Wedmont Private Capital now owns 55,842 shares of the retailer’s stock worth $4,417,000 after buying an additional 2,320 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Up 0.4 %

NYSE:WMT opened at $102.86 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a twelve month low of $55.85 and a twelve month high of $103.02. The company has a market cap of $826.30 billion, a PE ratio of 42.21, a P/E/G ratio of 4.49 and a beta of 0.55. The company’s 50 day moving average is $93.67 and its two-hundred day moving average is $83.82.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share. Analysts anticipate that Walmart Inc. will post 2.48 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on WMT shares. Wells Fargo & Company upped their price objective on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday. Tigress Financial upped their price target on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Sanford C. Bernstein lifted their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Telsey Advisory Group upped their target price on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, Barclays lifted their price target on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.01.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 over the last three months. 45.58% of the stock is currently owned by 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.