Kentucky Retirement Systems Insurance Trust Fund lifted its stake in Walmart Inc. (NYSE:WMT - Free Report) by 120.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 126,264 shares of the retailer's stock after buying an additional 68,970 shares during the period. Walmart comprises 0.8% of Kentucky Retirement Systems Insurance Trust Fund's portfolio, making the stock its 21st biggest holding. Kentucky Retirement Systems Insurance Trust Fund's holdings in Walmart were worth $11,085,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Tallon Kerry Patrick bought a new position in shares of Walmart during the 4th quarter worth about $252,000. LaFleur & Godfrey LLC lifted its stake in Walmart by 1.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer's stock worth $6,283,000 after purchasing an additional 992 shares during the period. Eagle Capital Management LLC lifted its stake in Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after purchasing an additional 321 shares during the period. Brighton Jones LLC lifted its stake in Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after purchasing an additional 21,939 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Walmart during the 4th quarter worth approximately $10,645,000. Institutional investors own 26.76% of the company's stock.
Insider Activity at Walmart
In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the sale, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kathryn J. Mclay sold 28,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total value of $2,716,000.00. Following the sale, the executive vice president now directly owns 1,064,455 shares in the company, valued at approximately $103,252,135. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,294 shares of company stock worth $12,656,659 in the last ninety days. Company insiders own 45.58% of the company's stock.
Walmart Trading Up 1.1%
Shares of NYSE WMT opened at $96.16 on Monday. The company's 50 day simple moving average is $96.39 and its 200 day simple moving average is $94.14. 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 firm has a market capitalization of $767.41 billion, a P/E ratio of 41.10, a P/E/G ratio of 4.69 and a beta of 0.69. Walmart Inc. has a fifty-two week low of $66.55 and a fifty-two week high of $105.30.
Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the prior year, the business posted $0.60 EPS. The firm's quarterly revenue was up 2.5% on a year-over-year basis. On average, 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. Investors of record on Monday, May 12th were given a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio is 40.17%.
Wall Street Analyst Weigh In
WMT has been the subject of several analyst reports. UBS Group cut their target price on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Truist Financial upped their target price on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Citigroup restated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Finally, Mizuho boosted their price target on shares of Walmart from $105.00 to $115.00 and gave the company 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 company. Based on data from MarketBeat, Walmart currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.50.
Check Out Our Latest Analysis on Walmart
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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Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT - Free Report).
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