Walmart Inc. (NYSE:WMT) is Lathrop Investment Management Corp’s 2nd Largest Position

Lathrop Investment Management Corp decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 324,578 shares of the retailer’s stock after selling 7,849 shares during the period. Walmart makes up approximately 4.9% of Lathrop Investment Management Corp’s investment portfolio, making the stock its 2nd largest holding. Lathrop Investment Management Corp’s holdings in Walmart were worth $26,210,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. CAP Partners LLC raised its position in shares of Walmart by 2.1% in the third quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock valued at $489,000 after buying an additional 125 shares during the last quarter. Investment Advisory Group LLC grew its stake in Walmart by 2.1% in the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after acquiring an additional 126 shares during the period. Jag Capital Management LLC raised its holdings in Walmart by 1.4% in the 3rd quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock valued at $760,000 after acquiring an additional 132 shares during the last quarter. Professional Financial Advisors LLC lifted its stake in shares of Walmart by 0.6% during the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after purchasing an additional 137 shares during the period. Finally, Inspire Advisors LLC boosted its holdings in shares of Walmart by 2.1% during the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after purchasing an additional 137 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the transaction, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. The trade was a 0.75 % 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 worth $958,823,647 over the last 90 days. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on WMT shares. Roth Mkm upped their target price on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Oppenheimer lifted their price target on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, KeyCorp upped their price objective on Walmart from $88.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $91.49.

Walmart Stock Performance

Shares of WMT stock opened at $88.32 on Friday. The stock has a market capitalization of $709.94 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 4.33 and a beta of 0.51. Walmart Inc. has a one year low of $49.85 and a one year high of $88.64. The company’s 50-day simple moving average is $81.92 and its 200-day simple moving average is $73.54. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.22 and a current ratio of 0.85.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 EPS. Equities analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

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.