First Heartland Consultants Inc. Buys 2,758 Shares of Walmart Inc. (NYSE:WMT)

Key Points

• First Heartland Consultants Inc. increased its stake in Walmart by 7.3%, owning a total of 40,287 shares worth approximately $3.54 million.
• Several other institutional investors, such as Horizon Financial Services LLC, Bear Mountain Capital Inc., and EQ Wealth Advisors LLC, have made significant increases to their Walmart holdings recently.
• Walmart's stock has shown positive performance, with a recent average price target of $106.67 from multiple analysts, indicating a consensus of "Moderate Buy".

First Heartland Consultants Inc. raised its position in Walmart Inc. (NYSE:WMT - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,287 shares of the retailer's stock after purchasing an additional 2,758 shares during the period. First Heartland Consultants Inc.'s holdings in Walmart were worth $3,537,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of WMT. Bell & Brown Wealth Advisors LLC lifted its holdings in shares of Walmart by 3.7% during the 1st quarter. Bell & Brown Wealth Advisors LLC now owns 57,346 shares of the retailer's stock worth $5,035,000 after acquiring an additional 2,066 shares during the last quarter. AM Investment Strategies LLC lifted its holdings in shares of Walmart by 9.6% during the 1st quarter. AM Investment Strategies LLC now owns 24,459 shares of the retailer's stock worth $2,147,000 after acquiring an additional 2,143 shares during the last quarter. Drive Wealth Management LLC lifted its holdings in shares of Walmart by 68.2% during the 1st quarter. Drive Wealth Management LLC now owns 28,356 shares of the retailer's stock worth $2,496,000 after acquiring an additional 11,497 shares during the last quarter. Caliber Wealth Management LLC KS bought a new stake in shares of Walmart during the 1st quarter worth $9,289,000. Finally, Denver PWM LLC lifted its holdings in shares of Walmart by 4.0% during the 1st quarter. Denver PWM LLC now owns 2,911 shares of the retailer's stock worth $256,000 after acquiring an additional 112 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WMT shares. Wall Street Zen raised shares of Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. KeyCorp boosted their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Evercore ISI boosted their price target 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. DA Davidson reissued a "buy" rating and issued a $117.00 price target on shares of Walmart in a research note on Friday, May 16th. Finally, Robert W. Baird boosted their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $106.67.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president owned 945,434 shares in the company, valued at approximately $90,619,848.90. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the transaction, the chief executive officer owned 4,451,199 shares in the company, valued at approximately $429,896,799.42. This represents a 0.65% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 126,696 shares of company stock worth $12,222,245. Corporate insiders own 45.58% of the company's stock.

Walmart Stock Up 0.9%

NYSE:WMT traded up $0.85 during mid-day trading on Friday, hitting $97.45. 12,845,633 shares of the company's stock were exchanged, compared to its average volume of 13,524,539. Walmart Inc. has a one year low of $66.67 and a one year 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 business has a fifty day moving average price of $96.76 and a 200 day moving average price of $94.81. The company has a market cap of $777.72 billion, a PE ratio of 41.65, a P/E/G ratio of 4.65 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion for 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 business's revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Equities analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid 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 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.