Impact Partnership Wealth LLC Boosts Holdings in Walmart Inc. (NYSE:WMT)

Impact Partnership Wealth LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 208.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,370 shares of the retailer's stock after buying an additional 8,366 shares during the period. Impact Partnership Wealth LLC's holdings in Walmart were worth $1,086,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WMT. Horizon Financial Services LLC lifted its position in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares during the period. Bear Mountain Capital Inc. raised its stake in Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after purchasing an additional 167 shares during the period. EQ Wealth Advisors LLC acquired a new stake in Walmart during the 1st quarter valued at $35,000. Lipe & Dalton raised its stake in Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after purchasing an additional 200 shares during the period. Finally, Mizuho Bank Ltd. acquired a new stake in Walmart during the 4th quarter valued at $41,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other news, EVP Daniel J. Bartlett sold 1,744 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $95.60, for a total value of $166,726.40. Following the sale, the executive vice president directly owned 649,233 shares of the company's stock, valued at approximately $62,066,674.80. This represents a 0.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the company's 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 directly owned 4,431,783 shares in the company, valued at approximately $430,724,989.77. This represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 142,695 shares of company stock worth $13,710,162 in the last 90 days. Corporate insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WMT. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $103.00 price target (up from $102.00) on shares of Walmart in a research note on Monday, June 9th. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a report on Monday, May 5th. 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. Oppenheimer increased their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Mizuho increased their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $106.67.

Walmart Stock Down 0.1%

WMT stock traded down $0.08 during midday trading on Friday, hitting $95.01. The company's stock had a trading volume of 14,622,243 shares, compared to its average volume of 18,156,813. The stock has a market capitalization of $758.22 billion, a P/E ratio of 40.60, a PEG ratio of 4.57 and a beta of 0.68. The company's fifty day moving average price is $96.81 and its 200 day moving average price is $94.65. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30. 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 data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. Walmart's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 EPS. As a group, equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently declared 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%.

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.