IFP Advisors Inc increased its position in Walmart Inc. (NYSE:WMT - Free Report) by 12.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,826 shares of the retailer's stock after purchasing an additional 11,296 shares during the period. IFP Advisors Inc's holdings in Walmart were worth $8,678,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OneAscent Financial Services LLC lifted its holdings in shares of Walmart by 117.7% during the first quarter. OneAscent Financial Services LLC now owns 62,692 shares of the retailer's stock valued at $5,538,000 after purchasing an additional 33,893 shares in the last quarter. Elyxium Wealth LLC purchased a new position in Walmart during the 1st quarter valued at approximately $324,000. OneAscent Family Office LLC boosted its holdings in shares of Walmart by 680.8% in the 1st quarter. OneAscent Family Office LLC now owns 18,122 shares of the retailer's stock worth $1,608,000 after purchasing an additional 15,801 shares during the period. AustralianSuper Pty Ltd boosted its holdings in shares of Walmart by 265.3% in the 1st quarter. AustralianSuper Pty Ltd now owns 2,285,563 shares of the retailer's stock worth $200,650,000 after purchasing an additional 1,659,854 shares during the period. Finally, Copperwynd Financial LLC bought a new stake in shares of Walmart during the 1st quarter worth approximately $2,913,000. 26.76% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have weighed in on WMT. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 target price on shares of Walmart in a research report on Monday, June 9th. Stifel Nicolaus cut their price target on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Mizuho lifted their price target on Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, June 9th. Finally, Truist Financial lifted their price target on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Two research 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $106.67.
Check Out Our Latest Report on WMT
Insider Transactions at Walmart
In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the completion of the transaction, the executive vice president owned 945,434 shares of the company's stock, valued at $90,619,848.90. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the sale, the chief executive officer owned 4,451,199 shares of the company's stock, valued at $429,896,799.42. This trade represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,695 shares of company stock worth $13,710,162 over the last three months. 45.58% of the stock is owned by insiders.
Walmart Stock Performance
Shares of WMT stock opened at $95.01 on Friday. The stock has a market cap of $758.22 billion, a PE ratio of 40.60, a price-to-earnings-growth ratio of 4.57 and a beta of 0.68. The business has a 50-day simple moving average of $96.81 and a 200-day simple moving average of $94.65. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. 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 released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion during 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 quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. On average, equities analysts expect that Walmart Inc. will post 2.55 EPS for the current year.
Walmart Dividend Announcement
The company also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's payout ratio is currently 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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