L & S Advisors Inc Has $4.47 Million Holdings in Walmart Inc. (NYSE:WMT)

Key Points

• L & S Advisors Inc reduced its holdings in Walmart by 56.4%, owning 50,898 shares worth approximately $4.47 million after selling 65,730 shares in the first quarter.
• Walmart reported a Q1 EPS of $0.61, surpassing the consensus estimate of $0.58, and generated $165.61 billion in revenue, up 2.5% year-over-year.
• Walmart has received multiple analyst upgrades with a consensus rating of "Moderate Buy" and an average price target of $106.67.

L & S Advisors Inc lowered its position in Walmart Inc. (NYSE:WMT - Free Report) by 56.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,898 shares of the retailer's stock after selling 65,730 shares during the quarter. L & S Advisors Inc's holdings in Walmart were worth $4,468,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Full Sail Capital LLC lifted its position in shares of Walmart by 6.6% in the fourth quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock worth $786,000 after buying an additional 541 shares during the last quarter. Leslie Global Wealth LLC boosted its stake in Walmart by 22.0% during the 4th quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock valued at $285,000 after purchasing an additional 568 shares during the period. Monument Capital Management boosted its stake in Walmart by 94.2% during the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock valued at $4,829,000 after purchasing an additional 26,685 shares during the period. Milestone Asset Management LLC boosted its stake in Walmart by 156.7% during the 1st quarter. Milestone Asset Management LLC now owns 54,659 shares of the retailer's stock valued at $4,799,000 after purchasing an additional 33,370 shares during the period. Finally, Rossby Financial LCC bought a new stake in Walmart during the 4th quarter valued at approximately $1,404,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $95.14, for a total value of $1,248,712.50. Following the completion of the sale, the executive vice president directly owned 932,313 shares in the company, valued at approximately $88,700,258.82. The trade was a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $98.30, for a total transaction of $216,260.00. Following the transaction, the executive vice president owned 626,118 shares of the company's stock, valued at approximately $61,547,399.40. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,112 shares of company stock valued at $14,080,073. Insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

WMT has been the subject of several recent analyst reports. Truist Financial increased their target price on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Raymond James Financial dropped their target price on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Finally, DA Davidson reissued a "buy" rating and issued a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Walmart currently has a consensus rating of "Moderate Buy" and an average target price of $106.67.

Walmart Stock Performance

Walmart stock traded up $1.00 during midday trading on Monday, reaching $99.49. 19,042,965 shares of the company's stock were exchanged, compared to its average volume of 13,544,672. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The firm has a market cap of $793.95 billion, a price-to-earnings ratio of 42.52, a P/E/G ratio of 4.74 and a beta of 0.66. The stock's 50-day simple moving average is $96.86 and its 200 day simple moving average is $95.08.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter last year, the company posted $0.60 earnings per share. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. On average, analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

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.