Lee Johnson Capital Management LLC Takes Position in Walmart Inc. (NYSE:WMT)

Lee Johnson Capital Management LLC acquired a new stake in Walmart Inc. (NYSE:WMT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 52,801 shares of the retailer’s stock, valued at approximately $4,771,000. Walmart comprises approximately 2.5% of Lee Johnson Capital Management LLC’s holdings, making the stock its 13th largest position.

Several other large investors also recently modified their holdings of WMT. Peterson Financial Group Inc. bought a new position in Walmart during the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. bought a new position in shares of Walmart during the fourth quarter worth about $32,000. Voisard Asset Management Group Inc. grew its stake in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Hoese & Co LLP bought a new stake in Walmart in the third quarter valued at about $33,000. Finally, Livelsberger Financial Advisory acquired a new stake in Walmart during the third quarter valued at approximately $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WMT. TD Cowen boosted their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Stifel Nicolaus increased their target price on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Bank of America increased their price objective on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Melius Research started coverage on Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 target price for the company. 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $94.49.

Insider Activity at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares in the company, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,177 shares of company stock valued at $12,478,149. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $92.02 on Tuesday. The company has a market cap of $739.19 billion, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. The company’s fifty day moving average is $91.15 and its two-hundred day moving average is $81.46. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the business earned $0.51 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts expect 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.