Walmart Inc. (NYSE:WMT) Shares Bought by Allen Capital Group LLC

Allen Capital Group LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 9.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,366 shares of the retailer's stock after purchasing an additional 5,111 shares during the quarter. Allen Capital Group LLC's holdings in Walmart were worth $5,036,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of WMT. Horizon Financial Services LLC lifted its holdings in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after purchasing an additional 262 shares during the last quarter. EQ Wealth Advisors LLC purchased a new position in shares of Walmart during the first quarter valued at approximately $35,000. Mizuho Bank Ltd. purchased a new position in shares of Walmart in the fourth quarter worth $41,000. Nexus Investment Management ULC bought a new position in shares of Walmart in the 1st quarter worth approximately $49,000. Finally, WealthTrak Capital Management LLC bought a new position in shares of Walmart in the fourth quarter worth about $53,000. 26.76% of the stock is currently owned by institutional investors.

Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 28,000 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the sale, the executive vice president owned 1,064,455 shares of the company's stock, valued at approximately $103,252,135. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 630,518 shares in the company, valued at $62,421,282. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 142,695 shares of company stock worth $13,710,162. Company insiders own 45.58% of the company's stock.

Walmart Price Performance

WMT traded down $0.04 on Friday, reaching $95.05. 5,490,316 shares of the company's stock were exchanged, compared to its average volume of 19,527,141. The stock has a market cap of $758.57 billion, a PE ratio of 40.62, a P/E/G ratio of 4.58 and a beta of 0.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30. The stock's fifty day moving average price is $96.85 and its 200-day moving average price is $94.59.

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

Walmart Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were paid a dividend of $0.235 per share. 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 presently 40.17%.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research reports. The Goldman Sachs Group reissued a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Evercore ISI lifted their target price on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Oppenheimer raised their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. DA Davidson reiterated a "buy" rating and set a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $103.00 price objective (up from $102.00) on shares of Walmart in a research note on Monday, June 9th. Two equities research 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's stock. Based on data from MarketBeat, Walmart currently has an average rating of "Moderate Buy" and a consensus price target of $106.67.

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.