7,795 Shares in Walmart Inc. (NYSE:WMT) Purchased by Sweeney & Michel LLC

Sweeney & Michel LLC bought a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,795 shares of the retailer's stock, valued at approximately $638,000.

Other large investors have also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new stake in Walmart in the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC boosted its position in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares during the last quarter. Fiduciary Advisors Inc. purchased a new position in Walmart in the fourth quarter worth $27,000. Noble Wealth Management PBC purchased a new position in Walmart in the fourth quarter worth $37,000. Finally, Mizuho Bank Ltd. purchased a new position in Walmart in the fourth quarter worth $41,000. 26.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on WMT shares. Piper Sandler boosted their target price on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Morgan Stanley reiterated an "overweight" rating and issued a $115.00 price objective (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. KeyCorp increased their target price on Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Truist Financial increased their target price on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walmart has a consensus rating of "Moderate Buy" and an average target price of $105.16.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the sale, the executive vice president now directly owns 630,518 shares of the company's stock, valued at approximately $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the sale, the executive vice president now directly 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. Insiders have sold a total of 137,534 shares of company stock valued at $12,833,664 over the last ninety days. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

Walmart stock traded down $1.43 during trading on Thursday, reaching $97.92. The company had a trading volume of 6,705,311 shares, compared to its average volume of 17,845,196. Walmart Inc. has a 52 week low of $65.64 and a 52 week high of $105.30. The firm's 50-day simple moving average is $94.33 and its 200 day simple moving average is $93.67. The firm has a market capitalization of $783.45 billion, a price-to-earnings ratio of 40.63, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT - Get Free Report) last announced 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 return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same period last year, the firm earned $0.60 EPS. Walmart's revenue for the quarter was up 2.5% compared to the same quarter last year. Sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

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.