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

Community Financial Services Group LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,055 shares of the retailer's stock after acquiring an additional 4,443 shares during the period. Walmart accounts for about 2.3% of Community Financial Services Group LLC's investment portfolio, making the stock its 13th largest holding. Community Financial Services Group LLC's holdings in Walmart were worth $10,627,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Horizon Financial Services LLC boosted its holdings in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares during the last quarter. EQ Wealth Advisors LLC bought a new position in Walmart in the 1st quarter worth approximately $35,000. Noble Wealth Management PBC bought a new position in shares of Walmart during the 4th quarter valued at about $37,000. Mizuho Bank Ltd. bought a new position in shares of Walmart during the 4th quarter valued at approximately $41,000. Finally, Nexus Investment Management ULC purchased a new position in Walmart in the first quarter worth about $49,000. 26.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on WMT shares. KeyCorp boosted their target price on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Barclays reaffirmed an "overweight" rating on shares of Walmart in a report on Friday, February 28th. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Oppenheimer boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, DA Davidson restated a "buy" rating and set a $117.00 price objective on shares of Walmart in a research report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $106.50.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total transaction of $195,052.00. Following the completion of the sale, the executive vice president now owns 398,024 shares in the company, valued at approximately $35,288,807.84. This trade represents a 0.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 sale, the chief executive officer now directly owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 152,419 shares of company stock worth $14,295,650 in the last quarter. Company insiders own 45.58% of the company's stock.

Walmart Stock Up 0.2%

Shares of NYSE:WMT opened at $98.04 on Wednesday. Walmart Inc. has a 1 year low of $66.55 and a 1 year high of $105.30. The firm's 50-day moving average is $96.53 and its two-hundred day moving average is $94.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The firm has a market capitalization of $782.37 billion, a PE ratio of 41.90, a price-to-earnings-growth ratio of 4.78 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 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 firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. Walmart's revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

About Walmart

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.