Walmart Inc. (NYSE:WMT) Shares Purchased by Alteri Wealth LLC

Key Points

• Alteri Wealth LLC increased its stake in Walmart by 5.2%, owning 86,532 shares worth approximately $7.6 million, making Walmart its third-largest holding.
• Several institutional investors have significantly boosted their holdings in Walmart recently, with GAMMA Investing LLC increasing its position by 9,896.9% to nearly 8 million shares valued at $697 million.
• Walmart reported a quarterly earnings per share (EPS) of $0.61, surpassing analyst expectations, and its stock has a current market capitalization of $777.72 billion.

Alteri Wealth LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,532 shares of the retailer's stock after acquiring an additional 4,259 shares during the period. Walmart accounts for approximately 3.3% of Alteri Wealth LLC's investment portfolio, making the stock its 3rd biggest position. Alteri Wealth LLC's holdings in Walmart were worth $7,597,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Walmart by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock valued at $8,167,186,000 after purchasing an additional 3,017,829 shares during the last quarter. Northern Trust Corp boosted its holdings in Walmart by 8.9% in the 4th 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 last quarter. Franklin Resources Inc. boosted its holdings in Walmart by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer's stock valued at $3,796,129,000 after purchasing an additional 514,036 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Walmart by 0.8% in the 4th quarter. Nuveen Asset Management LLC now owns 29,843,892 shares of the retailer's stock worth $2,696,396,000 after acquiring an additional 233,040 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Walmart by 1.3% in the 4th quarter. Invesco Ltd. now owns 28,365,122 shares of the retailer's stock worth $2,562,789,000 after acquiring an additional 368,711 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WMT. Evercore ISI upped their price objective on shares of Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Tigress Financial upped their price objective on shares of Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Royal Bank Of Canada restated an "outperform" rating and issued a $103.00 price objective (up from $102.00) on shares of Walmart in a report on Monday, June 9th. Telsey Advisory Group restated an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a report on Monday, June 9th. Finally, Truist Financial upped their price objective on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $106.67.

Walmart Stock Up 0.9%

Shares of NYSE WMT traded up $0.85 during mid-day trading on Friday, reaching $97.45. The company had a trading volume of 12,845,633 shares, compared to its average volume of 12,596,366. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The firm has a 50 day simple moving average of $96.76 and a two-hundred day simple moving average of $94.86. The stock has a market cap of $777.72 billion, a P/E ratio of 41.65, a PEG ratio of 4.69 and a beta of 0.68. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted 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 the consensus estimate of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company's revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm posted $0.60 EPS. Sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business 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 40.17%.

Insider Activity at Walmart

In related news, EVP Kathryn J. Mclay sold 28,000 shares of the stock in a transaction on 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 completion of the sale, the executive vice president owned 1,064,455 shares in the company, valued at $103,252,135. This represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total transaction of $216,568.00. Following the sale, the executive vice president owned 628,318 shares of the company's stock, valued at approximately $61,851,623.92. 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 126,696 shares of company stock valued at $12,222,245. 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.