Insigneo Advisory Services LLC Buys 6,307 Shares of Walmart Inc. (NYSE:WMT)

Insigneo Advisory Services LLC grew its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 13.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,086 shares of the retailer's stock after acquiring an additional 6,307 shares during the quarter. Insigneo Advisory Services LLC's holdings in Walmart were worth $4,660,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FPC Investment Advisory Inc. purchased a new position in Walmart in the fourth quarter worth about $25,000. Horizon Financial Services LLC raised its holdings in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after acquiring an additional 262 shares during the last quarter. Noble Wealth Management PBC purchased a new position in Walmart in the 4th quarter worth approximately $37,000. Mizuho Bank Ltd. bought a new position in Walmart in the 4th quarter valued at approximately $41,000. Finally, Nexus Investment Management ULC purchased a new stake in Walmart during the 1st quarter valued at $49,000. 26.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on WMT. Roth Mkm restated a "buy" rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Robert W. Baird boosted their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Raymond James Financial lowered their target price 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. UBS Group reduced their price target on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Citigroup restated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Two investment 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 company. Based on data from MarketBeat, Walmart has a consensus rating of "Moderate Buy" and a consensus price target of $106.50.

Walmart Price Performance

NYSE WMT opened at $94.24 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 12 month low of $66.55 and a 12 month high of $105.30. The stock has a market cap of $752.04 billion, a price-to-earnings ratio of 40.27, a PEG ratio of 4.60 and a beta of 0.69. The company's 50 day moving average is $96.13 and its two-hundred day moving average is $94.11.

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

Walmart Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Investors 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%.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction on Monday, June 16th. The shares were sold at an average price of $94.77, for a total value of $166,795.20. Following the sale, the executive vice president now directly owns 650,977 shares in the company, valued at approximately $61,693,090.29. The trade was a 0.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $99.00, for a total transaction of $217,800.00. Following the transaction, the executive vice president now directly owns 630,518 shares of the company's stock, valued at $62,421,282. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,294 shares of company stock valued at $12,656,659. Corporate insiders own 45.58% of the company's stock.

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.

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