Lincoln National Corp Has $3.79 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Lincoln National Corp trimmed its holdings in Walmart Inc. (NYSE:WMTGet Rating) by 22.5% during the first quarter, Holdings Channel reports. The firm owned 25,475 shares of the retailer’s stock after selling 7,410 shares during the quarter. Lincoln National Corp’s holdings in Walmart were worth $3,793,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Conrad Siegel Investment Advisors Inc. acquired a new position in shares of Walmart in the 1st quarter valued at about $27,000. Industrial Alliance Investment Management Inc. bought a new stake in Walmart in the 4th quarter valued at about $28,000. Gibson Wealth Advisors LLC bought a new stake in Walmart in the 4th quarter valued at about $29,000. Joseph P. Lucia & Associates LLC bought a new stake in Walmart in the 1st quarter valued at about $29,000. Finally, Nauset Wealth Management. LLC bought a new stake in Walmart in the 1st quarter valued at about $31,000. 30.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WMT. Raymond James decreased their target price on Walmart from $165.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, May 18th. Bank of America decreased their target price on Walmart from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, July 26th. BMO Capital Markets decreased their price objective on Walmart from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Wednesday, May 18th. Citigroup decreased their price objective on Walmart from $166.00 to $152.00 in a report on Tuesday, July 26th. Finally, Truist Financial decreased their price objective on Walmart from $139.00 to $117.00 in a report on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average price target of $151.00.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $127.05, for a total value of $1,233,401.40. Following the transaction, the chief executive officer now owns 1,507,454 shares of the company’s stock, valued at $191,522,030.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have sold a total of 29,124 shares of company stock worth $3,638,461 over the last 90 days. Corporate insiders own 47.06% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $126.58 on Friday. The company has a market cap of $346.97 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 4.02 and a beta of 0.53. The business’s 50 day simple moving average is $125.33 and its 200 day simple moving average is $137.04. Walmart Inc. has a 12 month low of $117.27 and a 12 month high of $160.77. The company has a current ratio of 0.86, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43.

Walmart (NYSE:WMTGet Rating) last posted its earnings results on Tuesday, May 17th. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.18). The company had revenue of $141.60 billion for the quarter, compared to analysts’ expectations of $138.05 billion. Walmart had a return on equity of 19.05% and a net margin of 2.26%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.69 EPS. Sell-side analysts forecast that Walmart Inc. will post 5.68 EPS for the current year.

About Walmart

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Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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