Gibraltar Capital Management Inc. Has $7.47 Million Stake in Walmart Inc. (NYSE:WMT)

Gibraltar Capital Management Inc. raised its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 125.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,133 shares of the retailer's stock after acquiring an additional 47,336 shares during the quarter. Walmart makes up approximately 1.6% of Gibraltar Capital Management Inc.'s holdings, making the stock its 17th largest position. Gibraltar Capital Management Inc.'s holdings in Walmart were worth $7,474,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Horizon Financial Services LLC lifted its stake in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares during the period. EQ Wealth Advisors LLC bought a new position in shares of Walmart in the first quarter worth about $35,000. Mizuho Bank Ltd. bought a new position in shares of Walmart in the fourth quarter worth about $41,000. Nexus Investment Management ULC bought a new stake in shares of Walmart during the 1st quarter valued at $49,000. Finally, WealthTrak Capital Management LLC bought a new stake in shares of Walmart during the 4th quarter valued at $53,000. 26.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction on Friday, June 20th. The stock was 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 of the company's stock, valued at approximately $90,619,848.90. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $94.77, for a total value of $166,795.20. Following the transaction, the executive vice president directly owned 650,977 shares in the company, valued at approximately $61,693,090.29. This represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 142,711 shares of company stock worth $13,710,319 over the last quarter. Corporate insiders own 45.58% of the company's stock.

Analyst Ratings Changes

WMT has been the topic of several recent analyst reports. KeyCorp lifted their price objective on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Oppenheimer raised their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Telsey Advisory Group restated an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research report on Monday, June 9th. DA Davidson restated a "buy" rating and set a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Finally, Stifel Nicolaus cut their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Walmart currently has a consensus rating of "Moderate Buy" and an average target price of $106.67.

Walmart Stock Performance

WMT traded down $1.57 during midday trading on Tuesday, reaching $97.78. The company's stock had a trading volume of 5,937,941 shares, compared to its average volume of 18,001,781. The company has a fifty day simple moving average of $97.22 and a 200 day simple moving average of $94.41. The stock has a market cap of $780.33 billion, a P/E ratio of 41.75, a PEG ratio of 4.73 and a beta of 0.68. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30.

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

Walmart Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. 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.