Walmart Inc. (NYSE:WMT) Shares Purchased by Fiduciary Alliance LLC

Fiduciary Alliance LLC increased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,451 shares of the retailer's stock after purchasing an additional 2,737 shares during the period. Fiduciary Alliance LLC's holdings in Walmart were worth $5,219,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WMT. FPC Investment Advisory Inc. bought a new stake in Walmart in the 4th quarter worth approximately $25,000. Horizon Financial Services LLC increased its position in Walmart by 1,007.7% in 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. Fiduciary Advisors Inc. purchased a new stake in Walmart during the fourth quarter valued at $27,000. Noble Wealth Management PBC bought a new position in Walmart during the fourth quarter valued at $37,000. Finally, Mizuho Bank Ltd. purchased a new position in shares of Walmart in the 4th quarter worth $41,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $97.37, for a total transaction of $214,214.00. Following the completion of the transaction, the executive vice president now owns 632,718 shares in the company, valued at approximately $61,607,751.66. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,334 shares of company stock worth $12,615,864. 45.58% of the stock is currently owned by insiders.

Analyst Ratings Changes

WMT has been the subject of a number of analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $102.00 price target on shares of Walmart in a research report on Friday, May 16th. Wall Street Zen upgraded shares of Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Piper Sandler upped their price target on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Mizuho initiated coverage on shares of Walmart in a research note on Friday, April 11th. They issued an "outperform" rating and a $105.00 price objective for the company. Finally, KeyCorp upped their target price on Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $105.16.

Walmart Trading Down 0.6%

Shares of Walmart stock traded down $0.59 during mid-day trading on Wednesday, hitting $99.39. 10,829,902 shares of the stock were exchanged, compared to its average volume of 17,875,496. The stock has a market capitalization of $795.21 billion, a price-to-earnings ratio of 41.24, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a twelve month low of $65.64 and a twelve month high of $105.30. 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 50-day simple moving average of $94.05 and a 200 day simple moving average of $93.63.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion for 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%. Walmart's revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 earnings per share. Research analysts forecast 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. Investors of record on Monday, May 12th were paid a $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart's payout ratio is currently 40.17%.

Walmart 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.