Hanson & Doremus Investment Management Has $2.01 Million Stake in Walmart Inc. (NYSE:WMT)

Hanson & Doremus Investment Management boosted its stake in Walmart Inc. (NYSE:WMT - Free Report) by 81.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,902 shares of the retailer's stock after purchasing an additional 10,293 shares during the period. Hanson & Doremus Investment Management's holdings in Walmart were worth $2,011,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new stake in Walmart in the fourth quarter valued at $25,000. Horizon Financial Services LLC increased its holdings 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 purchasing an additional 262 shares during the period. Noble Wealth Management PBC acquired a new stake in Walmart during the 4th quarter worth about $37,000. Mizuho Bank Ltd. acquired a new stake in Walmart during the 4th quarter worth about $41,000. Finally, Nexus Investment Management ULC acquired a new stake in Walmart during the 1st quarter worth about $49,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WMT has been the subject of a number of recent analyst reports. Raymond James decreased their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 price target on shares of Walmart in a report on Monday, June 9th. Truist Financial increased their price target on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. KeyCorp increased their price target on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Finally, Evercore ISI increased their price objective on shares of Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $106.50.

Walmart Trading Down 0.7%

NYSE:WMT opened at $94.20 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $751.76 billion, a PE ratio of 39.09, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The firm's 50 day moving average is $95.79 and its 200 day moving average is $94.09. Walmart Inc. has a 12 month low of $66.41 and a 12 month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. Walmart's revenue was up 2.5% on a year-over-year basis. Sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were paid 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 is 40.17%.

Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total transaction of $195,052.00. Following the transaction, the executive vice president now owns 398,024 shares of the company's stock, valued at $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. In the last ninety days, insiders sold 137,534 shares of company stock worth $12,833,664. Corporate insiders own 45.58% of the company's stock.

Walmart 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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