Global Assets Advisory LLC Purchases 27,321 Shares of Walmart Inc. (NYSE:WMT)

Global Assets Advisory LLC increased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 200.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,936 shares of the retailer's stock after purchasing an additional 27,321 shares during the period. Global Assets Advisory LLC's holdings in Walmart were worth $3,551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in WMT. LaFleur & Godfrey LLC increased its holdings in shares of Walmart by 1.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer's stock worth $6,283,000 after purchasing an additional 992 shares during the period. Eagle Capital Management LLC grew its position in Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after buying an additional 321 shares in the last quarter. Brighton Jones LLC grew its position in Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after buying an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Walmart by 5.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after acquiring an additional 485 shares during the period. Finally, SOA Wealth Advisors LLC. raised its holdings in Walmart by 1.6% in the 4th quarter. SOA Wealth Advisors LLC. now owns 9,194 shares of the retailer's stock valued at $831,000 after acquiring an additional 142 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total transaction of $195,052.00. Following the completion of the transaction, the executive vice president now directly owns 398,024 shares in the company, valued at $35,288,807.84. This trade represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the sale, the executive vice president now directly owns 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 disclosure for this sale can be found here. In the last three months, insiders have sold 152,419 shares of company stock valued at $14,295,650. 45.58% of the stock is owned by company insiders.

Analysts Set New Price Targets

WMT has been the topic of several analyst reports. Barclays reissued an "overweight" rating on shares of Walmart in a report on Friday, February 28th. 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 boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 price target on shares of Walmart in a research report on Monday, June 9th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $103.00 price objective (up from $102.00) on shares of Walmart in a research note on Monday, June 9th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $106.50.

Walmart Price Performance

Walmart stock opened at $98.04 on Wednesday. The stock has a market capitalization of $782.37 billion, a price-to-earnings ratio of 41.90, a PEG ratio of 4.78 and a beta of 0.69. Walmart Inc. has a 52-week low of $66.55 and a 52-week high of $105.30. 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 stock's 50 day moving average price is $96.53 and its two-hundred day moving average price is $94.18.

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. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. Walmart's revenue was up 2.5% on a year-over-year basis. On average, equities analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a $0.235 dividend. 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%.

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.

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