Allen Investment Management LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 15.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 163,464 shares of the retailer's stock after selling 30,163 shares during the quarter. Allen Investment Management LLC's holdings in Walmart were worth $14,351,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Horizon Financial Services LLC increased its stake in Walmart by 1,007.7% in 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 last quarter. Bear Mountain Capital Inc. lifted its holdings in shares of Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after buying an additional 167 shares during the period. EQ Wealth Advisors LLC purchased a new stake in shares of Walmart during the 1st quarter worth $35,000. Lipe & Dalton lifted its stake in shares of Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after purchasing an additional 200 shares during the last quarter. Finally, Mizuho Bank Ltd. acquired a new position in Walmart during the 4th quarter valued at about $41,000. Institutional investors own 26.76% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on WMT. Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a report on Monday, June 9th. Evercore ISI increased their price target on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Truist Financial raised their target price on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Raymond James Financial cut their target price on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, DA Davidson reissued a "buy" rating and set a $117.00 target price on shares of Walmart in a research note on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.
View Our Latest Analysis on Walmart
Insider Transactions at Walmart
In other news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the sale, the executive vice president directly owned 628,318 shares in the company, valued at $61,851,623.92. This trade represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 28,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total value of $2,716,000.00. Following the sale, the executive vice president owned 1,064,455 shares of the company's stock, valued at $103,252,135. This represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 126,696 shares of company stock valued at $12,222,245. Corporate insiders own 45.58% of the company's stock.
Walmart Price Performance
NYSE:WMT traded up $0.85 during trading hours on Friday, reaching $97.45. 12,845,633 shares of the company traded hands, compared to its average volume of 13,524,539. The firm's 50-day moving average is $96.76 and its 200-day moving average is $94.83. The stock has a market cap of $777.72 billion, a P/E ratio of 41.65, a P/E/G ratio of 4.69 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 1-year low of $66.67 and a 1-year high of $105.30.
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. The firm had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 EPS. Equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.
Walmart Announces Dividend
The company also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio (DPR) is currently 40.17%.
About Walmart
(
Free Report)
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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