Bragg Financial Advisors Inc Has $21.55 Million Stock Holdings in Walmart Inc. $WMT

Key Points

• Bragg Financial Advisors Inc reduced its stake in Walmart Inc. by 3.0%, holding $21.55 million in shares as of the last reporting period.
• Notable institutional investors have significantly increased their stakes in Walmart, with Operose Advisors LLC boosting its stake by 319.7% during the first quarter.
• Walmart announced a dividend of $0.235 per share, to be paid on September 2nd, with an ex-dividend date of August 15th, reflecting a yield of 90.0%.

Bragg Financial Advisors Inc lessened its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 245,442 shares of the retailer's stock after selling 7,471 shares during the period. Bragg Financial Advisors Inc's holdings in Walmart were worth $21,547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Operose Advisors LLC increased its stake in Walmart by 319.7% during the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock valued at $28,000 after acquiring an additional 243 shares during the period. Bear Mountain Capital Inc. increased its stake in Walmart by 98.2% during the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after acquiring an additional 167 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its stake in Walmart by 432.4% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $32,000 after acquiring an additional 294 shares during the period. EQ Wealth Advisors LLC bought a new position in Walmart during the first quarter valued at about $35,000. Finally, Lipe & Dalton increased its stake in Walmart by 95.2% during the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after acquiring an additional 200 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,655 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $100.38, for a total transaction of $166,128.90. Following the transaction, the executive vice president owned 647,578 shares of the company's stock, valued at approximately $65,003,879.64. This represents a 0.25% 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, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $95.14, for a total value of $380,560.00. Following the transaction, the executive vice president directly owned 1,056,455 shares in the company, valued at approximately $100,511,128.70. This represents a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold 84,841 shares of company stock worth $8,161,365 over the last 90 days. Company insiders own 0.10% of the company's stock.

Walmart Stock Up 1.1%

NYSE WMT opened at $102.3860 on Thursday. The firm has a market cap of $817.08 billion, a PE ratio of 43.75, a price-to-earnings-growth ratio of 4.86 and a beta of 0.66. Walmart Inc. has a one year low of $74.59 and a one year high of $105.30. The stock's 50 day simple moving average is $97.88 and its 200 day simple moving average is $95.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22.

Walmart Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. KeyCorp boosted their price target on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Robert W. Baird upped their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. DA Davidson reiterated a "buy" rating and issued a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. Finally, Mizuho reiterated an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $109.89.

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.

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