Yukon Wealth Management Inc. Invests $362,000 in Walmart Inc. (NYSE:WMT)

Yukon Wealth Management Inc. purchased a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,123 shares of the retailer's stock, valued at approximately $362,000.

Other large investors have also recently modified their holdings of the company. Horizon Financial Services LLC lifted its position in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after acquiring an additional 262 shares during the period. EQ Wealth Advisors LLC acquired a new position in shares of Walmart in the 1st quarter valued at $35,000. Mizuho Bank Ltd. acquired a new position in shares of Walmart in the fourth quarter worth about $41,000. Nexus Investment Management ULC purchased a new position in Walmart during the first quarter worth approximately $49,000. Finally, WealthTrak Capital Management LLC purchased a new position in shares of Walmart during the 4th quarter valued at approximately $53,000. Institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WMT shares. Erste Group Bank cut Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Truist Financial raised their price target on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. UBS Group decreased their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Oppenheimer lifted their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $106.67.

Walmart Stock Down 0.6%

NYSE WMT traded down $0.62 on Wednesday, hitting $97.62. 12,498,048 shares of the stock were exchanged, compared to its average volume of 18,042,945. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The company has a 50-day moving average price of $96.97 and a 200-day moving average price of $94.29. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The company has a market cap of $779.05 billion, a PE ratio of 41.72, a PEG ratio of 4.77 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The company's revenue was up 2.5% compared to the same quarter last year. Sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were issued a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio (DPR) is 40.17%.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the transaction, the executive vice president owned 630,518 shares in the company, valued at approximately $62,421,282. This represents a 0.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the sale, the chief executive officer owned 4,451,199 shares in the company, valued at $429,896,799.42. This represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,511 shares of company stock valued at $13,493,751. Company insiders own 45.58% of the company's stock.

Walmart Company Profile

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.