Community Financial Services Group LLC Buys 4,443 Shares of Walmart Inc. (NYSE:WMT)

Community Financial Services Group LLC raised its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,055 shares of the retailer's stock after buying an additional 4,443 shares during the quarter. Walmart comprises about 2.3% of Community Financial Services Group LLC's holdings, making the stock its 13th largest position. Community Financial Services Group LLC's holdings in Walmart were worth $10,627,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WMT. Horizon Financial Services LLC boosted its holdings in shares of Walmart by 1,007.7% in 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. EQ Wealth Advisors LLC purchased a new position in shares of Walmart in the 1st quarter worth about $35,000. Noble Wealth Management PBC purchased a new position in shares of Walmart in the 4th quarter worth about $37,000. Mizuho Bank Ltd. purchased a new position in shares of Walmart in the 4th quarter worth about $41,000. Finally, Nexus Investment Management ULC purchased a new position in shares of Walmart in the 1st quarter worth about $49,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the completion of the transaction, the executive vice president now owns 398,024 shares of the company's stock, valued at approximately $35,288,807.84. This represents a 0.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $94.19, for a total value of $2,743,189.56. Following the completion of the transaction, the chief executive officer now directly owns 4,480,347 shares of the company's stock, valued at $422,003,883.93. This represents a 0.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 142,711 shares of company stock valued at $13,688,803. Corporate insiders own 45.58% of the company's stock.

Walmart Trading Up 1.4%

WMT traded up $1.39 during midday trading on Friday, reaching $97.41. 31,424,295 shares of the company's stock traded hands, compared to its average volume of 18,038,183. The firm has a fifty day moving average of $96.80 and a two-hundred day moving average of $94.23. The stock has a market capitalization of $777.37 billion, a price-to-earnings ratio of 41.63, a P/E/G ratio of 4.75 and a beta of 0.69. 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 Inc. has a 52 week low of $66.67 and a 52 week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping 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 firm 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 company earned $0.60 EPS. The business's revenue was up 2.5% compared to the same quarter last year. On average, equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WMT. Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $103.00 price objective (up from $102.00) on shares of Walmart in a report on Monday, June 9th. 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. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research note on Monday, June 9th. 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 company. According to data from MarketBeat, Walmart currently has an average rating of "Moderate Buy" and an average target price 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.