Joseph P. Lucia & Associates LLC Invests $300,000 in Walmart Inc. $WMT

Key Points

• Joseph P. Lucia & Associates LLC has acquired a new position by purchasing 3,420 shares of Walmart Inc. valued at approximately $300,000.
• Walmart's stock is currently trading around $101.31, with analyst ratings showing a consensus "Buy" and a target price of approximately $109.89.
• The company recently announced a dividend of $0.235 per share, with a dividend yield of 90.0%, to be paid on September 2nd.

Joseph P. Lucia & Associates LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,420 shares of the retailer's stock, valued at approximately $300,000.

Other hedge funds also recently bought and sold shares of the company. Eagle Capital Management LLC grew its holdings in shares of Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock valued at $349,000 after buying an additional 321 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after buying an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after buying an additional 485 shares in the last quarter. Highview Capital Management LLC DE grew its holdings in shares of Walmart by 4.9% during the fourth quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after buying an additional 1,720 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Walmart by 92.6% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 75,884 shares of the retailer's stock valued at $6,856,000 after buying an additional 36,475 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

NYSE:WMT traded down $1.1410 during midday trading on Friday, reaching $96.8190. The stock had a trading volume of 32,639,594 shares, compared to its average volume of 19,189,117. Walmart Inc. has a 1-year low of $75.01 and a 1-year high of $105.30. The firm's fifty day simple moving average is $97.94 and its 200-day simple moving average is $95.65. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The stock has a market capitalization of $772.66 billion, a P/E ratio of 41.38, a PEG ratio of 4.93 and a beta of 0.66.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.06). Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $169.34 billion during the quarter, compared to analyst estimates of $174.02 billion. During the same quarter in the previous year, the business posted $0.67 earnings per share. The business's quarterly revenue was up 4.8% compared to the same quarter last year. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. On average, equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be paid a $0.235 dividend. The ex-dividend date is Friday, August 15th. This represents a yield of 90.0%. Walmart's dividend payout ratio (DPR) is presently 40.17%.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $98.30, for a total value of $216,260.00. Following the completion of the sale, the executive vice president directly owned 626,118 shares of the company's stock, valued at $61,547,399.40. This represents a 0.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the sale, the chief executive officer directly owned 4,412,398 shares of the company's stock, valued at approximately $421,737,000.84. This trade represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 88,841 shares of company stock valued at $8,565,205. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WMT shares. Evercore ISI reiterated an "outperform" rating and issued a $110.00 price objective (up previously from $108.00) on shares of Walmart in a research note on Monday. Tigress Financial upped their price objective on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Guggenheim reiterated a "buy" rating and issued a $115.00 price objective (up previously from $112.00) on shares of Walmart in a research note on Monday. Oppenheimer upped their price objective on shares of Walmart from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $110.07.

Walmart 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.