Walmart Inc. (NYSE:WMT) Shares Purchased by Anfield Capital Management LLC

Key Points

• Anfield Capital Management LLC significantly increased its stake in Walmart by 5,549.8%, owning 14,407 shares valued at $1,265,000 as of the last SEC filing.
• Walmart's stock has been positively received by analysts, with thirty-one buy ratings and a consensus price target of $106.67.
• The company recently announced a dividend of $0.235 per share that is expected to yield 90.0%, with the ex-dividend date on August 15th.

Anfield Capital Management LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 5,549.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,407 shares of the retailer's stock after acquiring an additional 14,152 shares during the quarter. Anfield Capital Management LLC's holdings in Walmart were worth $1,265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in WMT. Eagle Capital Management LLC lifted its holdings in Walmart by 9.1% in the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after buying an additional 321 shares in the last quarter. Brighton Jones LLC raised its position in shares of Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after purchasing an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after purchasing an additional 485 shares in the last quarter. Highview Capital Management LLC DE raised its position in shares of Walmart by 4.9% in the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after purchasing an additional 1,720 shares in the last quarter. Finally, Granite Investment Partners LLC acquired a new position in shares of Walmart in the 4th quarter valued at approximately $227,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Analyst Ratings Changes

WMT has been the topic of a number of research analyst reports. DA Davidson reiterated a "buy" rating and set a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Telsey Advisory Group restated an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research note on Monday, June 9th. Tigress Financial upped their target price on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $103.00 target price (up previously from $102.00) on shares of Walmart in a research note on Monday, June 9th. One investment analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $106.70.

Walmart Stock Performance

Walmart stock traded down $0.25 during midday trading on Tuesday, reaching $103.68. 17,913,175 shares of the stock traded hands, compared to its average volume of 13,932,130. 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 fifty day moving average price of $97.46 and a two-hundred day moving average price of $95.51. The firm has a market cap of $827.41 billion, a price-to-earnings ratio of 44.31, a PEG ratio of 5.00 and a beta of 0.66. Walmart Inc. has a fifty-two week low of $67.14 and a fifty-two 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. Walmart's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 EPS. On average, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.235 per share. This represents a yield of 90.0%. The ex-dividend date of this dividend is Friday, August 15th. Walmart's payout ratio is presently 40.17%.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the transaction, the executive vice president directly owned 628,318 shares of the company's stock, valued at $61,851,623.92. The trade was a 0.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 transaction of $2,716,000.00. Following the transaction, the executive vice president directly owned 1,064,455 shares in the company, valued at approximately $103,252,135. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,112 shares of company stock valued at $14,080,073. Company insiders own 0.10% of the company's stock.

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.