Financial Gravity Asset Management Inc. Acquires Shares of 47,110 Walmart Inc. (NYSE:WMT)

Financial Gravity Asset Management Inc. purchased a new position in Walmart Inc. (NYSE:WMT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 47,110 shares of the retailer's stock, valued at approximately $4,136,000. Walmart makes up 0.9% of Financial Gravity Asset Management Inc.'s portfolio, making the stock its 27th largest position.

Several other large investors also recently added to or reduced their stakes in WMT. Norges Bank purchased a new position in shares of Walmart during the fourth quarter valued at approximately $5,737,355,000. GAMMA Investing LLC lifted its stake in shares of Walmart by 9,896.9% during the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock worth $697,029,000 after acquiring an additional 7,860,306 shares during the last quarter. Northern Trust Corp boosted its holdings in Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after acquiring an additional 3,550,037 shares during the period. APG Asset Management N.V. boosted its holdings in Walmart by 1,707.6% during the 4th quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock valued at $324,410,000 after acquiring an additional 3,512,368 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Walmart by 48.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,765,159 shares of the retailer's stock valued at $882,282,000 after acquiring an additional 3,182,477 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Stock Performance

Shares of NYSE WMT traded down $0.50 during mid-day trading on Friday, hitting $94.36. The stock had a trading volume of 14,577,628 shares, compared to its average volume of 18,135,436. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30. The firm has a market cap of $753.03 billion, a PE ratio of 40.32, a PEG ratio of 4.54 and a beta of 0.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The company has a 50 day moving average of $97.10 and a two-hundred day moving average of $94.52.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 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 analysts' expectations of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 EPS. Research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,760 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $94.77, for a total transaction of $166,795.20. Following the sale, the executive vice president directly owned 650,977 shares of the company's stock, valued at $61,693,090.29. This trade represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total value of $216,568.00. Following the completion of the transaction, the executive vice president directly owned 628,318 shares of the company's stock, valued at $61,851,623.92. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,711 shares of company stock valued at $13,710,319 in the last 90 days. 45.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Tigress Financial lifted their target price on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. UBS Group decreased their price objective on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Erste Group Bank downgraded shares of Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Robert W. Baird raised their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. 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. According to MarketBeat.com, Walmart currently has an average rating of "Moderate Buy" and an average target price of $106.67.

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.