D.A. Davidson & CO. Purchases 23,648 Shares of Walmart Inc. (NYSE:WMT)

D.A. Davidson & CO. boosted its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 6.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 394,203 shares of the retailer's stock after purchasing an additional 23,648 shares during the period. D.A. Davidson & CO.'s holdings in Walmart were worth $34,607,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Horizon Financial Services LLC lifted its position in shares of Walmart by 1,007.7% during 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 acquired a new stake in Walmart during the first quarter valued at approximately $35,000. Mizuho Bank Ltd. bought a new position in Walmart during the 4th quarter worth approximately $41,000. Nexus Investment Management ULC acquired a new position in shares of Walmart in the 1st quarter worth approximately $49,000. Finally, WealthTrak Capital Management LLC acquired a new position in shares of Walmart in the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WMT. Truist Financial raised their price objective on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. The Goldman Sachs Group reissued a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Mizuho raised their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Finally, Evercore ISI increased their price objective on shares of Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $106.67.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total value of $1,258,031.25. Following the sale, the executive vice president directly owned 945,434 shares of the company's stock, valued at $90,619,848.90. This trade represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $97.19, for a total value of $1,887,041.04. Following the completion of the transaction, the chief executive officer owned 4,431,783 shares in the company, valued at approximately $430,724,989.77. This represents a 0.44% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,711 shares of company stock valued at $13,710,319. Corporate insiders own 45.58% of the company's stock.

Walmart Stock Performance

WMT traded up $0.68 during trading on Friday, hitting $98.29. The stock had a trading volume of 7,686,204 shares, compared to its average volume of 18,082,978. 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 cap of $784.40 billion, a price-to-earnings ratio of 42.00, a P/E/G ratio of 4.73 and a beta of 0.68. The company has a 50 day moving average price of $97.14 and a 200-day moving average price of $94.35. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30.

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, beating analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 earnings per share. As a group, research 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. Shareholders of record on Monday, May 12th were paid a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's payout ratio is presently 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.