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

Gibraltar Capital Management Inc. increased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 125.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,133 shares of the retailer's stock after purchasing an additional 47,336 shares during the quarter. Walmart makes up about 1.6% of Gibraltar Capital Management Inc.'s investment portfolio, making the stock its 17th biggest holding. Gibraltar Capital Management Inc.'s holdings in Walmart were worth $7,474,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Horizon Financial Services LLC lifted its stake in Walmart by 1,007.7% in the fourth 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 last quarter. EQ Wealth Advisors LLC acquired a new stake in Walmart in the first quarter valued at $35,000. Mizuho Bank Ltd. acquired a new stake in Walmart in the fourth quarter valued at $41,000. Nexus Investment Management ULC acquired a new stake in Walmart in the first quarter valued at $49,000. Finally, WealthTrak Capital Management LLC acquired a new stake in Walmart in the fourth quarter valued at $53,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Evercore ISI increased their price target on shares of Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Tigress Financial raised their target price on shares of Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. 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 note on Friday, May 16th. Finally, Raymond James Financial cut their target price on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $106.67.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the sale, the executive vice president directly owned 945,434 shares in the company, valued at $90,619,848.90. This trade represents a 1.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $97.19, for a total transaction of $1,887,041.04. Following the sale, the chief executive officer owned 4,431,783 shares in the company, valued at approximately $430,724,989.77. This represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,711 shares of company stock worth $13,710,319 over the last quarter. Insiders own 45.58% of the company's stock.

Walmart Price Performance

Shares of Walmart stock traded up $0.91 during midday trading on Monday, hitting $99.27. 12,918,621 shares of the company traded hands, compared to its average volume of 18,048,339. The stock has a market cap of $792.22 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 4.73 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 firm's fifty day moving average price is $97.14 and its 200-day moving average price is $94.36. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share 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 given a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio is presently 40.17%.

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.