Advanced Asset Management Advisors Inc Buys 23,200 Shares of Walmart Inc. (NYSE:WMT)

Advanced Asset Management Advisors Inc increased its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 20.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,439 shares of the retailer's stock after acquiring an additional 23,200 shares during the quarter. Walmart makes up about 3.3% of Advanced Asset Management Advisors Inc's holdings, making the stock its 6th biggest position. Advanced Asset Management Advisors Inc's holdings in Walmart were worth $11,890,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Whelan Financial grew its position in Walmart by 2.3% during the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock worth $392,000 after purchasing an additional 97 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in Walmart by 1.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock worth $538,000 after purchasing an additional 98 shares during the last quarter. Coyle Financial Counsel LLC grew its position in Walmart by 3.1% during the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock worth $310,000 after purchasing an additional 102 shares during the last quarter. Blackston Financial Advisory Group LLC grew its position in Walmart by 0.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock worth $1,417,000 after purchasing an additional 106 shares during the last quarter. Finally, Van Strum & Towne Inc. grew its position in 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 purchasing an additional 108 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Roth Mkm reissued a "buy" rating and issued a $108.00 price objective (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Stifel Nicolaus dropped their price objective on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Robert W. Baird boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Piper Sandler boosted their price objective on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Finally, UBS Group dropped their price objective 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. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $106.50.

Walmart Price Performance

Walmart stock opened at $94.20 on Monday. Walmart Inc. has a 52 week low of $66.41 and a 52 week high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm's 50-day simple moving average is $95.79 and its 200 day simple moving average is $94.09. The firm has a market capitalization of $751.76 billion, a PE ratio of 39.09, a P/E/G ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the previous year, the firm earned $0.60 EPS. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal 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 $0.235 dividend. 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%.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,148 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the sale, the chief executive officer now directly owns 4,451,199 shares in the company, valued at $429,896,799.42. The trade was a 0.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares in the company, valued at approximately $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 137,534 shares of company stock worth $12,833,664 in the last three months. Corporate insiders own 45.58% of the company's stock.

About Walmart

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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