Cambridge Investment Research Advisors Inc. Has $111.78 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Cambridge Investment Research Advisors Inc. lifted its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 2.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,273,236 shares of the retailer's stock after buying an additional 25,735 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Walmart were worth $111,777,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of WMT. FPC Investment Advisory Inc. acquired a new stake in Walmart in the 4th quarter worth about $25,000. Horizon Financial Services LLC grew its position in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares in the last quarter. Noble Wealth Management PBC bought a new position in shares of Walmart during the fourth quarter worth approximately $37,000. Mizuho Bank Ltd. acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $41,000. Finally, Nexus Investment Management ULC bought a new stake in shares of Walmart in the first quarter valued at approximately $49,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,760 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $94.77, for a total transaction of $166,795.20. Following the completion of the transaction, the executive vice president now owns 650,977 shares in the company, valued at approximately $61,693,090.29. This trade represents a 0.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was 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 owns 3,972,517 shares in the company, valued at $340,166,630.71. This trade represents a 0.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,294 shares of company stock worth $12,656,659. Company insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of analyst reports. Truist Financial increased their price target on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. KeyCorp increased their target price on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Royal Bank Of Canada reaffirmed 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. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $106.50.

Walmart Price Performance

Shares of WMT opened at $96.16 on Monday. The business has a 50-day simple moving average of $96.39 and a two-hundred day simple moving average of $94.14. Walmart Inc. has a 12-month low of $66.55 and a 12-month high of $105.30. The stock has a market cap of $767.41 billion, a PE ratio of 41.10, a PEG 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 (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The firm's revenue was up 2.5% compared to the same quarter last year. Analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's payout ratio is currently 40.17%.

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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