J Hagan Capital Inc. Takes $424,000 Position in Walmart Inc. (NYSE:WMT)

J Hagan Capital Inc. bought a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,694 shares of the retailer's stock, valued at approximately $424,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Washington Trust Bank boosted its stake in shares of Walmart by 15.0% during the 1st quarter. Washington Trust Bank now owns 12,565 shares of the retailer's stock worth $1,103,000 after buying an additional 1,642 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in Walmart by 2.8% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 252,722 shares of the retailer's stock worth $22,186,000 after acquiring an additional 6,964 shares in the last quarter. Pacific Point Advisors LLC boosted its position in Walmart by 8.6% during the first quarter. Pacific Point Advisors LLC now owns 15,700 shares of the retailer's stock valued at $1,378,000 after purchasing an additional 1,242 shares during the last quarter. Brass Tax Wealth Management Inc. boosted its position in Walmart by 1.9% during the first quarter. Brass Tax Wealth Management Inc. now owns 6,935 shares of the retailer's stock valued at $609,000 after purchasing an additional 130 shares during the last quarter. Finally, Callan Capital LLC grew its stake in Walmart by 2.7% in the first quarter. Callan Capital LLC now owns 25,847 shares of the retailer's stock valued at $2,269,000 after purchasing an additional 674 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WMT. Stifel Nicolaus dropped their price objective on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Robert W. Baird boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. UBS Group cut 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. Royal Bank Of Canada reissued an "outperform" rating and issued a $103.00 price objective (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. Finally, Oppenheimer upped their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $106.67.

Walmart Stock Performance

Shares of WMT stock traded up $0.91 on Monday, hitting $99.27. The company's stock had a trading volume of 12,918,621 shares, compared to its average volume of 18,048,336. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The company has a market capitalization of $792.22 billion, a PE ratio of 42.42, a PEG ratio of 4.73 and a beta of 0.68. The stock's 50 day moving average is $97.14 and its 200-day moving average is $94.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78.

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

Walmart Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were paid a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio (DPR) is presently 40.17%.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 28,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the transaction, the executive vice president directly owned 1,064,455 shares in the company, valued at approximately $103,252,135. This represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,711 shares of company stock valued at $13,710,319 over the last 90 days. 45.58% of the stock is currently owned by insiders.

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.