Hartford Funds Management Co LLC bought a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,810 shares of the retailer's stock, valued at approximately $1,125,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. World Investment Advisors raised its holdings in Walmart by 7.6% in the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock valued at $24,532,000 after acquiring an additional 19,233 shares during the last quarter. Full Sail Capital LLC increased its holdings in shares of Walmart by 6.6% during the 4th quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock worth $786,000 after buying an additional 541 shares during the last quarter. Leslie Global Wealth LLC increased its holdings in shares of Walmart by 22.0% during the 4th quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock worth $285,000 after buying an additional 568 shares during the last quarter. Scalar Gauge Management LLC increased its holdings in shares of Walmart by 76.9% during the 4th quarter. Scalar Gauge Management LLC now owns 69,000 shares of the retailer's stock worth $6,234,000 after buying an additional 30,000 shares during the last quarter. Finally, Monument Capital Management increased its holdings in shares of Walmart by 94.2% during the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock worth $4,829,000 after buying an additional 26,685 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.
Insider Buying and Selling
In related news, EVP Kathryn J. Mclay sold 28,000 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the sale, the executive vice president directly owned 1,064,455 shares in the company, valued at $103,252,135. This represents a 2.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $95.85, for a total value of $1,258,031.25. Following the sale, the executive vice president owned 945,434 shares of the company's stock, valued at approximately $90,619,848.90. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 151,820 shares of company stock valued at $14,584,875 over the last 90 days. 45.58% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. UBS Group decreased their price target on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Truist Financial upped their price target on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Mizuho lifted their target price on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. DA Davidson reissued a "buy" rating and issued a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Finally, Raymond James Financial reduced 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. Two investment 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, Walmart currently has a consensus rating of "Moderate Buy" and an average price target of $106.67.
View Our Latest Analysis on Walmart
Walmart Stock Up 1.1%
Shares of NYSE:WMT opened at $96.06 on Tuesday. Walmart Inc. has a 52 week low of $66.67 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 company has a market capitalization of $766.62 billion, a PE ratio of 40.87, a PEG ratio of 4.57 and a beta of 0.68. The company has a 50 day moving average price of $96.81 and a two-hundred day moving average price of $94.68.
Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The firm 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 company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. 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 issued 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 presently 40.17%.
About Walmart
(
Free Report)
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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