Crossmark Global Holdings Inc. lifted its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 582,822 shares of the retailer's stock after buying an additional 23,182 shares during the quarter. Walmart comprises approximately 0.9% of Crossmark Global Holdings Inc.'s investment portfolio, making the stock its 16th largest holding. Crossmark Global Holdings Inc.'s holdings in Walmart were worth $51,166,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of WMT. Horizon Financial Services LLC grew 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 purchasing an additional 262 shares during the period. EQ Wealth Advisors LLC acquired a new stake in Walmart in the 1st quarter valued at $35,000. Mizuho Bank Ltd. acquired a new stake in Walmart in the 4th quarter valued at $41,000. Nexus Investment Management ULC acquired a new stake in Walmart in the 1st quarter valued at $49,000. Finally, WealthTrak Capital Management LLC acquired a new stake in Walmart in the 4th quarter valued at $53,000. Institutional investors and hedge funds own 26.76% of the company's stock.
Walmart Stock Performance
Walmart stock traded up $0.91 during midday trading on Monday, reaching $99.27. The stock had a trading volume of 12,918,621 shares, compared to its average volume of 18,048,336. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The firm's 50-day moving average price is $97.14 and its 200 day moving average price is $94.36. The firm has a market capitalization of $792.22 billion, a PE ratio of 42.42, a P/E/G ratio of 4.73 and a beta of 0.68. 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 announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) 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 business had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the previous year, the business posted $0.60 EPS. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. As a group, research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.
Walmart Announces Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were paid a $0.235 dividend. This represents a 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
Several analysts recently issued reports on the stock. DA Davidson reissued a "buy" rating and issued a $117.00 price target on shares of Walmart in a research report on Friday, May 16th. Mizuho lifted their price target on shares of Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, June 9th. Oppenheimer lifted their price target on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Finally, Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Two 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $106.67.
View Our Latest Research Report on Walmart
Insiders Place Their Bets
In related news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the sale, the executive vice president directly owned 628,318 shares in the company, valued at approximately $61,851,623.92. The trade was a 0.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $94.77, for a total value of $166,795.20. Following the transaction, the executive vice president directly owned 650,977 shares of the company's stock, valued at $61,693,090.29. The trade was a 0.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 142,711 shares of company stock worth $13,710,319 in the last ninety days. 45.58% of the stock is owned by corporate insiders.
Walmart Company Profile
(
Free Report)
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.
See Also

Before you consider Walmart, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walmart wasn't on the list.
While Walmart currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.