Heritage Oak Wealth Advisors LLC Grows Stake in Walmart Inc. (NYSE:WMT)

Heritage Oak Wealth Advisors LLC boosted its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 33.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 942,814 shares of the retailer's stock after purchasing an additional 235,731 shares during the quarter. Walmart comprises 36.6% of Heritage Oak Wealth Advisors LLC's holdings, making the stock its largest holding. Heritage Oak Wealth Advisors LLC's holdings in Walmart were worth $82,770,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. World Investment Advisors grew its stake in Walmart by 7.6% in the fourth 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 period. Candriam S.C.A. lifted its holdings in shares of Walmart by 209.7% in the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after purchasing an additional 599,257 shares in the last quarter. Cushing Capital Partners LLC acquired a new stake in Walmart in the 4th quarter valued at $1,124,000. GWN Securities Inc. bought a new stake in Walmart during the 4th quarter valued at $4,658,000. Finally, Full Sail Capital LLC raised its holdings in Walmart by 6.6% during the fourth 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. Institutional investors own 26.76% of the company's stock.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $97.19, for a total transaction of $1,887,041.04. Following the completion of the sale, the chief executive officer owned 4,431,783 shares of the company's stock, valued at $430,724,989.77. This represents a 0.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the firm's 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 sale, the executive vice president directly owned 650,977 shares in the company, valued at $61,693,090.29. The trade was a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 142,711 shares of company stock valued at $13,710,319. Insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

WMT has been the topic of several recent research reports. Evercore ISI raised their price target on shares of Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. DA Davidson reiterated a "buy" rating and issued a $117.00 target price on shares of Walmart in a research note on Friday, May 16th. Finally, Raymond James Financial dropped their price target on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has an average rating of "Moderate Buy" and a consensus target price of $106.67.

Walmart Price Performance

Shares of WMT stock traded up $0.68 during trading on Friday, hitting $98.29. The company had a trading volume of 7,686,204 shares, compared to its average volume of 18,068,909. The stock's 50-day moving average is $97.14 and its two-hundred day moving average is $94.36. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $784.40 billion, a price-to-earnings ratio of 42.00, a price-to-earnings-growth ratio of 4.73 and a beta of 0.68. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30.

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

Walmart Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid a $0.235 dividend. 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%.

About Walmart

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.