Brooklyn Investment Group Boosts Position in Walmart Inc. $WMT

Brooklyn Investment Group boosted its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 22.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,719 shares of the retailer's stock after purchasing an additional 7,692 shares during the quarter. Walmart makes up 0.8% of Brooklyn Investment Group's portfolio, making the stock its 20th biggest holding. Brooklyn Investment Group's holdings in Walmart were worth $3,662,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Operose Advisors LLC lifted its position in shares of Walmart by 319.7% in 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 in the last quarter. Bear Mountain Capital Inc. lifted its position in shares of Walmart by 98.2% in 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 in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Walmart by 432.4% in 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 in the last quarter. EQ Wealth Advisors LLC acquired a new position in Walmart in the first quarter valued at $35,000. Finally, Lipe & Dalton increased its stake in Walmart by 95.2% in the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after purchasing an additional 200 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of NYSE WMT opened at $99.96 on Monday. Walmart Inc. has a fifty-two week low of $72.52 and a fifty-two week high of $105.30. The business has a 50 day moving average price of $97.60 and a two-hundred day moving average price of $95.56. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The firm has a market cap of $797.72 billion, a PE ratio of 42.72, a price-to-earnings-growth ratio of 4.80 and a beta of 0.66.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating 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 firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same quarter last year, the firm earned $0.60 EPS. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. Sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently commented on WMT. Tigress Financial upped 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. Robert W. Baird upped their target price on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. DA Davidson reiterated a "buy" rating and issued a $117.00 target price on shares of Walmart in a research note on Friday, May 16th. Oppenheimer upped their target price on Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Finally, JPMorgan Chase & Co. upped their target price on Walmart from $112.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Walmart currently has a consensus rating of "Buy" and a consensus price target of $109.29.

Insider Activity

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the completion of the sale, the executive vice president owned 932,313 shares in the company, valued at $88,700,258.82. This trade represents a 1.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $98.30, for a total value of $216,260.00. Following the sale, the executive vice president owned 626,118 shares of the company's stock, valued at approximately $61,547,399.40. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,334 shares of company stock worth $13,526,350 over the last quarter. Corporate insiders own 0.10% of the company's stock.

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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