Walmart Inc. (NYSE:WMT) Shares Bought by Dakota Wealth Management

Dakota Wealth Management raised its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 43.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,701 shares of the retailer's stock after acquiring an additional 31,441 shares during the quarter. Dakota Wealth Management's holdings in Walmart were worth $9,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of WMT. Horizon Financial Services LLC lifted its position in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares in the last quarter. EQ Wealth Advisors LLC purchased a new position in shares of Walmart in the first quarter valued at about $35,000. Mizuho Bank Ltd. purchased a new position in shares of Walmart in the fourth quarter valued at about $41,000. Nexus Investment Management ULC purchased a new position in shares of Walmart in the first quarter valued at about $49,000. Finally, WealthTrak Capital Management LLC purchased a new position in shares of Walmart in the fourth quarter valued at about $53,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WMT. The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a research note on Monday, June 9th. Citigroup reiterated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Finally, Evercore ISI raised their price objective on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction dated 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 transaction, the executive vice president owned 630,518 shares of the company's stock, valued at $62,421,282. The trade was a 0.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the transaction, the executive vice president directly owned 945,434 shares of the company's stock, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,951 shares of company stock worth $13,543,436. Corporate insiders own 45.58% of the company's stock.

Walmart Stock Down 0.5%

Shares of Walmart stock traded down $0.52 during trading on Tuesday, reaching $95.26. The company's stock had a trading volume of 3,880,521 shares, compared to its average volume of 19,708,803. The company has a 50-day simple moving average of $97.03 and a two-hundred day simple moving average of $94.55. Walmart Inc. has a 1-year low of $66.67 and a 1-year high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The company has a market cap of $760.24 billion, a price-to-earnings ratio of 40.70, a P/E/G ratio of 4.54 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 EPS. As a group, equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently disclosed 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 dividend payout ratio (DPR) is presently 40.17%.

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.