Boyd Watterson Asset Management LLC OH Raises Holdings in Walmart Inc. (NYSE:WMT)

Boyd Watterson Asset Management LLC OH lifted its stake in Walmart Inc. (NYSE:WMT - Free Report) by 137.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,471 shares of the retailer's stock after acquiring an additional 6,650 shares during the period. Boyd Watterson Asset Management LLC OH's holdings in Walmart were worth $1,007,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. World Investment Advisors lifted its stake in Walmart by 7.6% during the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock worth $24,532,000 after purchasing an additional 19,233 shares during the last quarter. Full Sail Capital LLC lifted its stake in Walmart by 6.6% during the fourth quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock worth $786,000 after purchasing an additional 541 shares during the last quarter. Leslie Global Wealth LLC lifted its stake in Walmart by 22.0% during the fourth quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock worth $285,000 after purchasing an additional 568 shares during the last quarter. Scalar Gauge Management LLC lifted its stake in Walmart by 76.9% during the fourth quarter. Scalar Gauge Management LLC now owns 69,000 shares of the retailer's stock worth $6,234,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Monument Capital Management lifted its stake in Walmart by 94.2% during the first quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock worth $4,829,000 after purchasing an additional 26,685 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Stock Performance

Walmart stock traded up $0.85 during trading on Friday, reaching $97.45. The company had a trading volume of 12,845,633 shares, compared to its average volume of 13,524,539. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30. The firm's 50-day simple moving average is $96.76 and its 200 day simple moving average is $94.81. The firm has a market capitalization of $777.72 billion, a price-to-earnings ratio of 41.65, a price-to-earnings-growth ratio of 4.65 and a beta of 0.68. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Evercore ISI boosted their target price on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Mizuho boosted their target price on Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, June 9th. Tigress Financial boosted their target price on Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Truist Financial boosted their target price on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $106.67.

Insiders Place Their Bets

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $95.14, for a total value of $1,248,712.50. Following the completion of the sale, the executive vice president owned 932,313 shares of the company's stock, valued at $88,700,258.82. This trade represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $97.19, for a total transaction of $1,887,041.04. Following the completion of the sale, the chief executive officer directly owned 4,431,783 shares of the company's stock, valued at approximately $430,724,989.77. The trade was a 0.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 126,696 shares of company stock valued at $12,222,245 over the last quarter. Corporate insiders own 45.58% of the company's stock.

Walmart 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.