Appleton Partners Inc. MA lifted its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,547 shares of the retailer's stock after acquiring an additional 5,049 shares during the period. Appleton Partners Inc. MA's holdings in Walmart were worth $6,018,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Whelan Financial boosted its holdings in Walmart by 2.3% during the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock worth $392,000 after purchasing an additional 97 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Walmart by 1.7% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock worth $538,000 after purchasing an additional 98 shares during the last quarter. Coyle Financial Counsel LLC boosted its holdings in Walmart by 3.1% during the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock worth $310,000 after purchasing an additional 102 shares during the last quarter. Blackston Financial Advisory Group LLC boosted its holdings in Walmart by 0.7% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock worth $1,417,000 after purchasing an additional 106 shares during the last quarter. Finally, Van Strum & Towne Inc. boosted its holdings in Walmart by 1.6% during the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock worth $619,000 after purchasing an additional 108 shares during the last quarter. Institutional investors own 26.76% of the company's stock.
Insider Activity
In other news, EVP Daniel J. Bartlett sold 1,760 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $94.77, for a total transaction of $166,795.20. Following the completion of the transaction, the executive vice president now owns 650,977 shares of the company's stock, valued at approximately $61,693,090.29. This trade represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the transaction, the chief executive officer now directly owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. The trade was a 0.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,294 shares of company stock valued at $12,656,659. Insiders own 45.58% of the company's stock.
Walmart Stock Performance
Shares of Walmart stock opened at $96.16 on Friday. The company has a 50 day moving average of $96.39 and a 200-day moving average of $94.15. Walmart Inc. has a 1-year low of $66.55 and a 1-year high of $105.30. 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 company has a market cap of $767.41 billion, a PE ratio of 41.10, a price-to-earnings-growth ratio of 4.64 and a beta of 0.69.
Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate 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 net margin of 2.75% and a return on equity of 21.76%. The firm's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 EPS. As a group, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.
Walmart Announces Dividend
The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's payout ratio is currently 40.17%.
Analyst Ratings Changes
WMT has been the subject of several recent research reports. Truist Financial increased their target price on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Guggenheim reiterated a "buy" rating and issued a $100.00 price target on shares of Walmart in a research note on Monday, February 24th. Raymond James Financial cut their price target on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $103.00 price target (up previously from $102.00) on shares of Walmart in a research note on Monday, June 9th. Finally, Mizuho increased their price target on shares of Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, June 9th. Two 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.50.
Read Our Latest Report on WMT
Walmart Profile
(
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.
Further Reading
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