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Lockheed Martin Investment Management Co. Raises Stock Holdings in Walmart Inc. (NYSE:WMT)

Walmart logo with Retail/Wholesale background

Key Points

  • Lockheed Martin Investment Management Co. increased its holdings in Walmart Inc. by 185.6% in Q1, acquiring an additional 92,540 shares, bringing its total to 142,400 shares valued at approximately $12.5 million.
  • Insider activity has seen Walmart executives Daniel J. Bartlett and John D. Rainey sell shares, reducing their ownership by 0.27% and 0.35% respectively, amidst a broader trend of insiders selling 146,112 shares worth about $14 million in the last three months.
  • Walmart's stock is currently trading at $103.77, experiencing a 0.6% increase, with analysts projecting future price targets ranging from $105 to $120, reflecting strong market confidence.
  • Want stock alerts on Walmart? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Lockheed Martin Investment Management Co. raised its stake in Walmart Inc. (NYSE:WMT - Free Report) by 185.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 142,400 shares of the retailer's stock after purchasing an additional 92,540 shares during the quarter. Lockheed Martin Investment Management Co.'s holdings in Walmart were worth $12,501,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Whelan Financial lifted its holdings in shares of Walmart by 2.3% in the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after buying an additional 97 shares during the period. Bedel Financial Consulting Inc. lifted its holdings in shares of Walmart by 0.4% in the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock valued at $2,275,000 after buying an additional 102 shares during the period. Scott & Selber Inc. raised its holdings in Walmart by 3.7% during the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock worth $256,000 after purchasing an additional 105 shares during the last quarter. Capital Advisors Wealth Management LLC raised its holdings in Walmart by 1.4% during the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock worth $684,000 after purchasing an additional 105 shares during the last quarter. Finally, Lauterbach Financial Advisors LLC raised its holdings in Walmart by 1.8% during the first quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock worth $517,000 after purchasing an additional 106 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research reports. KeyCorp lifted their price objective on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 price objective on shares of Walmart in a report on Monday, June 9th. Oppenheimer lifted their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $103.00 price objective (up from $102.00) on shares of Walmart in a report on Monday, June 9th. One investment analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $106.67.

View Our Latest Stock Report on Walmart

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the transaction, the chief executive officer owned 4,451,199 shares in the company, valued at $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total value of $1,258,031.25. Following the transaction, the executive vice president owned 945,434 shares in the company, valued at approximately $90,619,848.90. This represents a 1.37% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,112 shares of company stock worth $14,080,073. Company insiders own 0.10% of the company's stock.

Walmart Trading Up 0.6%

WMT stock traded up $0.65 during trading on Friday, reaching $103.77. 12,392,140 shares of the stock traded hands, compared to its average volume of 13,978,248. The business's 50 day moving average price is $97.30 and its 200-day moving average price is $95.39. Walmart Inc. has a 52-week low of $67.14 and a 52-week high of $105.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The firm has a market capitalization of $828.13 billion, a PE ratio of 44.35, a P/E/G ratio of 4.99 and a beta of 0.66.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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