Walmart Inc. (NYSE:WMT) is Alexander Labrunerie & CO. Inc.'s 5th Largest Position

Alexander Labrunerie & CO. Inc. boosted its stake in Walmart Inc. (NYSE:WMT - Free Report) by 8.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,314 shares of the retailer's stock after buying an additional 8,060 shares during the quarter. Walmart makes up approximately 4.1% of Alexander Labrunerie & CO. Inc.'s portfolio, making the stock its 5th largest holding. Alexander Labrunerie & CO. Inc.'s holdings in Walmart were worth $9,509,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Norges Bank purchased a new stake in Walmart in the fourth quarter valued at approximately $5,737,355,000. GAMMA Investing LLC raised its position in Walmart by 9,896.9% in the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock valued at $697,029,000 after purchasing an additional 7,860,306 shares during the period. Northern Trust Corp raised its position in Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after purchasing an additional 3,550,037 shares during the period. APG Asset Management N.V. grew its stake in shares of Walmart by 1,707.6% in the fourth quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock worth $324,410,000 after acquiring an additional 3,512,368 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Walmart by 48.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,765,159 shares of the retailer's stock worth $882,282,000 after acquiring an additional 3,182,477 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on WMT shares. Robert W. Baird boosted their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Tigress Financial boosted their target price on shares of Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Stifel Nicolaus lowered their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Finally, Citigroup reiterated a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Walmart has a consensus rating of "Moderate Buy" and an average price target of $106.67.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the transaction, the executive vice president directly owned 945,434 shares in the company, valued at $90,619,848.90. This trade represents a 1.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 4,451,199 shares of the company's stock, 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. In the last 90 days, insiders have sold 142,695 shares of company stock valued at $13,710,162. Corporate insiders own 45.58% of the company's stock.

Walmart Stock Performance

Shares of NYSE:WMT traded down $0.08 on Friday, reaching $95.01. The company's stock had a trading volume of 14,622,243 shares, compared to its average volume of 18,130,841. The stock's 50-day moving average is $96.85 and its two-hundred day moving average is $94.59. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The stock has a market capitalization of $758.22 billion, a P/E ratio of 40.60, a PEG ratio of 4.58 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating 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 business had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the prior year, the company earned $0.60 earnings per share. The business's revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company 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 yield of 0.95%. Walmart's dividend payout ratio (DPR) is 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.