Walmart Inc (NYSE:WMT) Shares Sold by Lathrop Investment Management Corp
Lathrop Investment Management Corp decreased its holdings in Walmart Inc (NYSE:WMT) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 125,916 shares of the retailer’s stock after selling 8,176 shares during the quarter. Walmart accounts for approximately 4.5% of Lathrop Investment Management Corp’s holdings, making the stock its 4th biggest holding. Lathrop Investment Management Corp’s holdings in Walmart were worth $15,082,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in WMT. Sofos Investments Inc. raised its stake in shares of Walmart by 581.4% in the 1st quarter. Sofos Investments Inc. now owns 1,206 shares of the retailer’s stock valued at $25,000 after buying an additional 1,029 shares in the last quarter. Joseph P. Lucia & Associates LLC raised its stake in shares of Walmart by 75.6% in the 1st quarter. Joseph P. Lucia & Associates LLC now owns 230 shares of the retailer’s stock valued at $26,000 after buying an additional 99 shares in the last quarter. Evolution Wealth Advisors LLC increased its position in shares of Walmart by 640.6% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 237 shares of the retailer’s stock worth $28,000 after purchasing an additional 205 shares in the last quarter. Marquette Asset Management LLC acquired a new stake in shares of Walmart during the 2nd quarter worth about $34,000. Finally, Bainco International Investors acquired a new stake in shares of Walmart during the 1st quarter worth about $35,000. Institutional investors own 29.95% of the company’s stock.
Walmart stock traded down $0.72 during midday trading on Friday, hitting $129.40. 7,211,535 shares of the stock were exchanged, compared to its average volume of 8,888,366. The company has a quick ratio of 0.27, a current ratio of 0.77 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $366.68 billion, a PE ratio of 24.60, a P/E/G ratio of 4.69 and a beta of 0.28. The company has a fifty day simple moving average of $124.74 and a two-hundred day simple moving average of $120.79. Walmart Inc has a 52 week low of $102.00 and a 52 week high of $134.13.
In other Walmart news, EVP Marc E. Lore sold 85,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $123.05, for a total transaction of $10,459,250.00. Following the sale, the executive vice president now directly owns 2,272,996 shares in the company, valued at approximately $279,692,157.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathryn J. Mclay sold 7,324 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $126.00, for a total transaction of $922,824.00. Following the sale, the executive vice president now owns 51,526 shares in the company, valued at $6,492,276. The disclosure for this sale can be found here. Insiders have sold a total of 262,324 shares of company stock worth $32,141,624 over the last 90 days. Corporate insiders own 50.43% of the company’s stock.
A number of equities research analysts recently issued reports on WMT shares. Bank of America increased their target price on shares of Walmart from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Guggenheim increased their target price on shares of Walmart from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Zacks Investment Research cut shares of Walmart from a “buy” rating to a “hold” rating and set a $130.00 target price for the company. in a research report on Monday, May 4th. BMO Capital Markets reiterated a “buy” rating and set a $140.00 target price on shares of Walmart in a research report on Tuesday, May 19th. Finally, Royal Bank of Canada increased their target price on shares of Walmart from $126.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $134.18.
Walmart Company Profile
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
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