Archford Capital Strategies LLC Has $5.85 Million Position in Walmart Inc. (NYSE:WMT)

Archford Capital Strategies LLC boosted its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 75.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,660 shares of the retailer's stock after buying an additional 28,659 shares during the period. Archford Capital Strategies LLC's holdings in Walmart were worth $5,852,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of WMT. Strategic Investment Advisors MI increased its stake in Walmart by 23.3% in the first quarter. Strategic Investment Advisors MI now owns 13,219 shares of the retailer's stock valued at $1,161,000 after purchasing an additional 2,501 shares in the last quarter. Symmetry Partners LLC increased its position in shares of Walmart by 6.9% during the first quarter. Symmetry Partners LLC now owns 19,609 shares of the retailer's stock worth $1,721,000 after acquiring an additional 1,272 shares in the last quarter. Pacific Sage Partners LLC increased its position in shares of Walmart by 1.6% during the first quarter. Pacific Sage Partners LLC now owns 11,432 shares of the retailer's stock worth $1,004,000 after acquiring an additional 179 shares in the last quarter. Cornerstone Wealth Group LLC increased its position in shares of Walmart by 5.9% during the first quarter. Cornerstone Wealth Group LLC now owns 64,834 shares of the retailer's stock worth $5,692,000 after acquiring an additional 3,627 shares in the last quarter. Finally, Proactive Wealth Strategies LLC increased its position in shares of Walmart by 4.5% during the first quarter. Proactive Wealth Strategies LLC now owns 17,154 shares of the retailer's stock worth $1,506,000 after acquiring an additional 733 shares in 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 issued reports on WMT. Royal Bank Of Canada reissued an "outperform" rating and set a $103.00 price objective (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. DA Davidson reaffirmed a "buy" rating and issued a $117.00 target price on shares of Walmart in a research report on Friday, May 16th. Raymond James Financial decreased their target price on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Stifel Nicolaus decreased their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Finally, Mizuho raised their target price on shares of Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, June 9th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $106.50.

Walmart Price Performance

NYSE:WMT opened at $98.04 on Wednesday. Walmart Inc. has a 52 week low of $66.55 and a 52 week high of $105.30. The firm has a market cap of $782.37 billion, a price-to-earnings ratio of 41.90, a P/E/G ratio of 4.78 and a beta of 0.69. The firm's 50-day simple moving average is $96.53 and its 200 day simple moving average is $94.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period last year, the firm earned $0.60 earnings per share. Walmart's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, sell-side analysts predict 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 was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio is currently 40.17%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the firm's 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 transaction, the executive vice president now directly owns 630,518 shares of the company's stock, valued at $62,421,282. This trade represents a 0.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 152,419 shares of company stock valued at $14,295,650 in the last ninety days. 45.58% of the stock is currently owned by company insiders.

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.

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