Financial & Tax Architects LLC Has $7.05 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Financial & Tax Architects LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,310 shares of the retailer's stock after selling 3,749 shares during the period. Walmart comprises about 1.8% of Financial & Tax Architects LLC's portfolio, making the stock its 22nd largest holding. Financial & Tax Architects LLC's holdings in Walmart were worth $7,050,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WMT. Geode Capital Management LLC boosted its holdings in shares of Walmart by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock valued at $8,167,186,000 after acquiring an additional 3,017,829 shares during the period. Norges Bank acquired a new stake in Walmart in the fourth quarter worth about $5,737,355,000. Northern Trust Corp lifted its holdings in Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares during the period. Franklin Resources Inc. lifted its holdings in Walmart by 1.2% in the fourth quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer's stock worth $3,796,129,000 after purchasing an additional 514,036 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in Walmart by 0.8% in the fourth quarter. Nuveen Asset Management LLC now owns 29,843,892 shares of the retailer's stock worth $2,696,396,000 after purchasing an additional 233,040 shares during the period. Institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WMT shares. Robert W. Baird boosted their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Raymond James Financial cut their price target on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Truist Financial increased their target price on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Wall Street Zen upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Two investment 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's 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 Buying and Selling at Walmart

In other news, EVP Kathryn J. Mclay sold 28,000 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total value of $2,716,000.00. Following the transaction, the executive vice president owned 1,064,455 shares of the company's stock, valued at $103,252,135. This represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction 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 in the company, valued at approximately $61,851,623.92. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 126,696 shares of company stock worth $12,222,245 over the last quarter. Company insiders own 45.58% of the company's stock.

Walmart Stock Up 0.9%

Walmart stock traded up $0.85 during trading hours on Friday, hitting $97.45. The company had a trading volume of 12,845,633 shares, compared to its average volume of 19,325,523. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. 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's fifty day moving average is $96.77 and its 200-day moving average is $94.77. The firm has a market capitalization of $777.72 billion, a P/E ratio of 41.65, a price-to-earnings-growth ratio of 4.60 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm 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%. Walmart's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.60 earnings per share. On average, research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a yield of 0.95%. Walmart's payout ratio is 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.