HB Wealth Management LLC Has $34 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Key Points

• HB Wealth Management LLC increased its stake in Walmart Inc. by 10.8% in the first quarter, now holding approximately $34 million in stock.
• Institutional investors collectively own 26.76% of Walmart's stock, with notable increases from several hedge funds in recent months.
• Walmart reported a quarterly revenue of $165.61 billion and an EPS of $0.61, exceeding consensus estimates.

HB Wealth Management LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 10.8% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 387,260 shares of the retailer's stock after buying an additional 37,623 shares during the quarter. HB Wealth Management LLC's holdings in Walmart were worth $33,998,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Eagle Capital Management LLC grew its stake in shares of Walmart by 9.1% in the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock valued at $349,000 after acquiring an additional 321 shares in the last quarter. Brighton Jones LLC grew its stake in shares of Walmart by 28.8% in the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after acquiring an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Walmart by 5.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after acquiring an additional 485 shares in the last quarter. Highview Capital Management LLC DE grew its stake in shares of Walmart by 4.9% in the fourth quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after acquiring an additional 1,720 shares in the last quarter. Finally, Sava Infond d.o.o. acquired a new position in shares of Walmart in the fourth quarter valued at about $203,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Transactions at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $95.14, for a total value of $380,560.00. Following the sale, the executive vice president owned 1,056,455 shares in the company, valued at approximately $100,511,128.70. The trade was a 0.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,744 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $95.60, for a total value of $166,726.40. Following the completion of the sale, the executive vice president owned 649,233 shares in the company, valued at $62,066,674.80. This trade represents a 0.27% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 126,696 shares of company stock worth $12,222,245. 45.58% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on WMT. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. UBS Group lowered their price objective on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Raymond James Financial lowered their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Citigroup reaffirmed a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Finally, Evercore ISI upped 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Walmart presently has a consensus rating of "Moderate Buy" and an average price target of $106.67.

Walmart Price Performance

Walmart stock opened at $97.45 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $777.72 billion, a PE ratio of 41.65, a P/E/G ratio of 4.65 and a beta of 0.68. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The stock has a 50-day moving average price of $96.76 and a two-hundred day moving average price of $94.81.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. Analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently declared 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 dividend yield of 0.95%. Walmart's dividend payout ratio (DPR) is presently 40.17%.

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.

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.