Clarus Wealth Advisors purchased a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,100 shares of the retailer's stock, valued at approximately $278,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC grew its position in shares of Walmart by 13.6% during the 1st quarter. Mainstream Capital Management LLC now owns 12,345 shares of the retailer's stock valued at $1,084,000 after acquiring an additional 1,474 shares during the period. Orser Capital Management LLC boosted its position in Walmart by 0.4% during the first quarter. Orser Capital Management LLC now owns 25,928 shares of the retailer's stock worth $2,276,000 after purchasing an additional 115 shares in the last quarter. Unigestion Holding SA boosted its position in Walmart by 120.5% during the first quarter. Unigestion Holding SA now owns 128,301 shares of the retailer's stock worth $11,264,000 after purchasing an additional 70,113 shares in the last quarter. Bridge Creek Capital Management LLC grew its holdings in Walmart by 0.3% in the first quarter. Bridge Creek Capital Management LLC now owns 62,241 shares of the retailer's stock valued at $5,464,000 after purchasing an additional 156 shares during the period. Finally, Legacy Financial Group LLC increased its position in shares of Walmart by 13.4% in the first quarter. Legacy Financial Group LLC now owns 10,042 shares of the retailer's stock valued at $882,000 after buying an additional 1,183 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on WMT. Barclays reiterated an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. DA Davidson restated a "buy" rating and set a $117.00 price objective on shares of Walmart in a research report on Friday, May 16th. Mizuho began coverage on shares of Walmart in a research report on Friday, April 11th. They issued an "outperform" rating and a $105.00 target price on the stock. Morgan Stanley reissued an "overweight" rating and set a $115.00 target price (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Finally, Telsey Advisory Group reiterated an "outperform" rating on shares of Walmart in a report on Wednesday, May 21st. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $105.16.
Read Our Latest Stock Analysis on WMT
Walmart Trading Down 0.6%
Shares of Walmart stock traded down $0.59 during mid-day trading on Wednesday, hitting $99.39. The stock had a trading volume of 11,106,554 shares, compared to its average volume of 17,875,567. The firm has a 50-day moving average of $94.05 and a two-hundred day moving average of $93.63. The firm has a market cap of $795.21 billion, a P/E ratio of 41.24, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12-month low of $65.64 and a 12-month high of $105.30.
Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 21.87% and a net margin of 2.85%. 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 business posted $0.60 earnings per share. Sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.
Walmart Announces Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's payout ratio is 40.17%.
Insider Activity at Walmart
In other Walmart news, EVP Daniel J. Bartlett sold 1,760 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the sale, the executive vice president now owns 520,275 shares of the company's stock, valued at $49,332,475.50. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,334 shares of company stock worth $12,615,864. Company insiders own 45.58% of the company's stock.
Walmart Profile
(
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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