Harrell Investment Partners LLC Has $9.20 Million Stock Position in Walmart Inc. (NYSE:WMT)

Harrell Investment Partners LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 104,774 shares of the retailer's stock after buying an additional 3,634 shares during the period. Walmart accounts for approximately 2.7% of Harrell Investment Partners LLC's holdings, making the stock its 10th biggest position. Harrell Investment Partners LLC's holdings in Walmart were worth $9,198,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in Walmart in the 4th quarter worth about $5,737,355,000. Raymond James Financial Inc. bought a new position in shares of Walmart in the fourth quarter valued at approximately $2,306,627,000. GAMMA Investing LLC boosted its holdings in shares of Walmart by 9,896.9% in the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock valued at $697,029,000 after acquiring an additional 7,860,306 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Walmart by 14.0% in the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock valued at $2,893,079,000 after acquiring an additional 3,927,173 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after acquiring an additional 3,550,037 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Walmart Price Performance

WMT stock opened at $95.10 on Thursday. Walmart Inc. has a 1 year low of $66.55 and a 1 year high of $105.30. The company has a market cap of $758.95 billion, a P/E ratio of 40.64, a PEG ratio of 4.60 and a beta of 0.69. The firm has a 50-day moving average of $96.24 and a 200 day moving average of $94.11. 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 (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate 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, sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were issued a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio (DPR) is presently 40.17%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Citigroup reiterated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Robert W. Baird increased their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Evercore ISI increased their target price 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. DA Davidson reissued a "buy" rating and set a $117.00 target price on shares of Walmart in a research note on Friday, May 16th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $106.50.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $94.77, for a total value of $166,795.20. Following the completion of the transaction, the executive vice president now owns 650,977 shares of the company's stock, valued at $61,693,090.29. The trade was a 0.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the transaction, the chief executive officer now directly owns 3,972,517 shares of the company's stock, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,294 shares of company stock worth $12,656,659. Corporate insiders own 45.58% of the company's stock.

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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