Cyndeo Wealth Partners LLC Raises Position in Walmart Inc. (NYSE:WMT)

Cyndeo Wealth Partners LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 139.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,538 shares of the retailer's stock after acquiring an additional 34,711 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in Walmart were worth $5,227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of WMT. FPC Investment Advisory Inc. purchased a new stake in Walmart during the fourth 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 valued at $26,000 after acquiring an additional 262 shares during the period. Noble Wealth Management PBC bought a new position in shares of Walmart during the 4th quarter valued at approximately $37,000. Mizuho Bank Ltd. purchased a new stake in shares of Walmart during the 4th quarter worth approximately $41,000. Finally, Nexus Investment Management ULC bought a new stake in shares of Walmart in the 1st quarter worth approximately $49,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on WMT shares. Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research report on Monday, June 9th. Truist Financial increased their price target on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Mizuho boosted their price objective on Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, June 9th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Finally, Oppenheimer boosted 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. Two 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $106.50.

Walmart Trading Down 0.2%

Shares of WMT stock traded down $0.16 on Monday, hitting $94.28. 14,854,729 shares of the company's stock traded hands, compared to its average volume of 17,932,198. The stock has a market capitalization of $752.39 billion, a price-to-earnings ratio of 39.12, a P/E/G ratio of 4.42 and a beta of 0.69. The company's fifty day simple moving average is $95.79 and its 200 day simple moving average is $94.09. Walmart Inc. has a one year low of $66.41 and a one year high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. Equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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 (DPR) is currently 40.17%.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the sale, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,760 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total transaction of $166,883.20. Following the transaction, the executive vice president now directly owns 520,275 shares in the company, valued at approximately $49,332,475.50. The trade was a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is currently owned by insiders.

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.