Bright Futures Wealth Management LLC. Acquires 5,122 Shares of Walmart Inc. (NYSE:WMT)

Bright Futures Wealth Management LLC. lifted its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 55.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,329 shares of the retailer's stock after acquiring an additional 5,122 shares during the period. Walmart makes up approximately 1.4% of Bright Futures Wealth Management LLC.'s portfolio, making the stock its 21st biggest position. Bright Futures Wealth Management LLC.'s holdings in Walmart were worth $1,324,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new stake in Walmart in the 4th quarter valued at about $25,000. Horizon Financial Services LLC increased its position in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after buying an additional 262 shares in the last quarter. Noble Wealth Management PBC bought a new stake in Walmart in the 4th quarter valued at about $37,000. Mizuho Bank Ltd. bought a new stake in Walmart in the 4th quarter valued at about $41,000. Finally, Nexus Investment Management ULC bought a new stake in Walmart in the 1st quarter valued at about $49,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 1.1%

WMT opened at $96.16 on Friday. The stock has a market cap of $767.41 billion, a PE ratio of 41.10, a P/E/G ratio of 4.69 and a beta of 0.69. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 52 week low of $66.55 and a 52 week high of $105.30. The business's fifty day simple moving average is $96.39 and its 200 day simple moving average is $94.15.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm's revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 earnings per share. As a group, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were paid a $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio is presently 40.17%.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $99.00, for a total transaction of $217,800.00. Following the completion of the sale, the executive vice president now directly owns 630,518 shares in the company, valued at $62,421,282. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 28,000 shares of the company'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 sale, the executive vice president now owns 1,064,455 shares of the company's stock, valued at approximately $103,252,135. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,294 shares of company stock valued at $12,656,659 over the last 90 days. 45.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on WMT shares. The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 price target on shares of Walmart in a research note on Monday, June 9th. UBS Group cut their price target on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Citigroup reiterated a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Finally, Truist Financial lifted their price target on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Two equities research 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $106.50.

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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