FFG Partners LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 142,256 shares of the retailer's stock, valued at approximately $12,489,000. Walmart comprises 5.1% of FFG Partners LLC's holdings, making the stock its 10th largest holding.
Several other hedge funds have also recently modified their holdings of WMT. Whelan Financial boosted its stake in Walmart by 2.3% during the fourth 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 last quarter. Annis Gardner Whiting Capital Advisors LLC increased its stake in Walmart by 1.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock worth $538,000 after acquiring an additional 98 shares during the last quarter. Van Strum & Towne Inc. raised its holdings in shares of Walmart by 1.6% during the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock worth $619,000 after acquiring an additional 108 shares in the last quarter. Planning Center Inc. boosted its position in shares of Walmart by 1.8% during the 1st quarter. Planning Center Inc. now owns 6,018 shares of the retailer's stock valued at $528,000 after acquiring an additional 108 shares during the last quarter. Finally, Mainstream Capital Management LLC boosted its position in shares of Walmart by 1.1% during the 4th quarter. Mainstream Capital Management LLC now owns 10,871 shares of the retailer's stock valued at $982,000 after acquiring an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.
Insider Activity at Walmart
In related news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total transaction of $195,052.00. Following the completion of the sale, the executive vice president now directly owns 398,024 shares in the company, valued at $35,288,807.84. This represents a 0.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $94.19, for a total value of $2,743,189.56. Following the completion of the transaction, the chief executive officer now owns 4,480,347 shares in the company, valued at $422,003,883.93. This trade represents a 0.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 123,295 shares of company stock valued at $11,801,762 over the last ninety days. 45.58% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on WMT. Stifel Nicolaus reduced their price target on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. KeyCorp increased their price target on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, June 9th. Robert W. Baird lifted their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, Erste Group Bank downgraded Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.50.
Check Out Our Latest Research Report on WMT
Walmart Price Performance
WMT opened at $97.24 on Thursday. The company has a market capitalization of $776.02 billion, a price-to-earnings ratio of 41.56, a PEG ratio of 4.78 and a beta of 0.69. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 12-month low of $66.67 and a 12-month high of $105.30. The business's fifty day simple moving average is $96.65 and its 200-day simple moving average is $94.20.
Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.
Walmart Dividend Announcement
The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio is presently 40.17%.
About Walmart
(
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.
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