Good Steward Wealth Advisors LLC Buys New Shares in Walmart Inc. (NYSE:WMT)

Good Steward Wealth Advisors LLC purchased a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 13,877 shares of the retailer's stock, valued at approximately $1,218,000. Walmart comprises about 1.1% of Good Steward Wealth Advisors LLC's portfolio, making the stock its 20th largest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new stake in Walmart in the 4th quarter valued at $25,000. Horizon Financial Services LLC increased its holdings in Walmart by 1,007.7% in 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 last quarter. Noble Wealth Management PBC bought a new stake in Walmart in the 4th quarter valued at $37,000. Mizuho Bank Ltd. bought a new stake in Walmart in the 4th quarter valued at $41,000. Finally, Nexus Investment Management ULC bought a new stake in Walmart in the 1st quarter valued at $49,000. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the sale, the chief executive officer now directly owns 4,451,199 shares of the company's stock, valued at $429,896,799.42. The trade was a 0.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the business's 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 sale, the executive vice president now directly owns 398,024 shares of the company's stock, valued at approximately $35,288,807.84. This trade represents a 0.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,294 shares of company stock valued at $12,656,659 in the last three months. Company insiders own 45.58% of the company's stock.

Analysts Set New Price Targets

WMT has been the topic of a number of research reports. Truist Financial lifted their price target on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Stifel Nicolaus reduced their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Guggenheim restated a "buy" rating and issued a $100.00 target price on shares of Walmart in a report on Monday, February 24th. Raymond James Financial reduced their target price on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, Citigroup restated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Walmart presently has an average rating of "Moderate Buy" and a consensus target price of $106.50.

Walmart Price Performance

Walmart stock opened at $96.16 on Friday. The stock has a market cap of $767.41 billion, a price-to-earnings ratio of 41.10, a price-to-earnings-growth ratio of 4.64 and a beta of 0.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart Inc. has a 1 year low of $66.55 and a 1 year high of $105.30. The firm has a 50-day moving average of $96.39 and a two-hundred day moving average of $94.15.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 EPS. On average, research analysts forecast 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 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 dividend payout ratio (DPR) 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.

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