Curated Wealth Partners LLC Takes $257,000 Position in Walmart Inc. (NYSE:WMT)

Curated Wealth Partners LLC purchased a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,923 shares of the retailer's stock, valued at approximately $257,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Walmart by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock worth $38,194,278,000 after acquiring an additional 2,050,683 shares during the period. Geode Capital Management LLC grew its holdings in Walmart by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock valued at $8,167,186,000 after buying an additional 3,017,829 shares during the last quarter. Norges Bank bought a new position in Walmart in the 4th quarter worth approximately $5,737,355,000. Fisher Asset Management LLC boosted its position in shares of Walmart by 2.4% in the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock valued at $4,408,452,000 after acquiring an additional 1,133,201 shares during the period. Finally, Northern Trust Corp increased its position in Walmart by 8.9% during the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after acquiring an additional 3,550,037 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Down 1.7%

Shares of Walmart stock traded down $1.62 during trading on Wednesday, reaching $95.70. The stock had a trading volume of 16,357,466 shares, compared to its average volume of 17,868,540. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $765.70 billion, a price-to-earnings ratio of 39.71, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 52 week low of $65.90 and a 52 week high of $105.30. The stock has a fifty day moving average price of $95.06 and a two-hundred day moving average price of $93.99.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business's revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 EPS. Sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Wall Street Analysts Forecast Growth

WMT has been the subject of several research reports. 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $103.00 price objective (up previously from $102.00) on shares of Walmart in a research report on Monday. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, KeyCorp lifted their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $105.68.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the sale, the executive vice president now directly owns 630,518 shares in the company, valued at $62,421,282. The trade was a 0.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the transaction, the executive vice president now directly owns 520,275 shares in the company, valued at approximately $49,332,475.50. This represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,534 shares of company stock valued at $12,833,664 in the last 90 days. 45.58% of the stock is currently owned by insiders.

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.