Kestra Private Wealth Services LLC Buys 8,797 Shares of Walmart Inc. (NYSE:WMT)

Kestra Private Wealth Services LLC raised its position in Walmart Inc. (NYSE:WMT - Free Report) by 2.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 387,571 shares of the retailer's stock after acquiring an additional 8,797 shares during the period. Walmart comprises 0.6% of Kestra Private Wealth Services LLC's portfolio, making the stock its 28th biggest position. Kestra Private Wealth Services LLC's holdings in Walmart were worth $34,025,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Horizon Financial Services LLC increased its position in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares during the last quarter. Bear Mountain Capital Inc. boosted its position in Walmart by 98.2% during the first 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 last quarter. EQ Wealth Advisors LLC bought a new position in Walmart in the first quarter valued at approximately $35,000. Lipe & Dalton increased its position in shares of Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after purchasing an additional 200 shares during the last quarter. Finally, Mizuho Bank Ltd. bought a new stake in shares of Walmart during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WMT shares. Mizuho raised their target price on shares of Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, June 9th. Raymond James Financial cut their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Truist Financial lifted their price objective on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Oppenheimer increased their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $115.00 target price on shares of Walmart in a research note on Monday, June 9th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Walmart currently has an average rating of "Moderate Buy" and an average price target of $106.67.

Walmart Price Performance

Shares of NYSE WMT traded down $0.08 during trading hours on Friday, hitting $95.01. 14,622,243 shares of the stock were exchanged, compared to its average volume of 18,156,813. The company's fifty day simple moving average is $96.81 and its two-hundred day simple moving average is $94.65. The company has a market cap of $758.22 billion, a PE ratio of 40.60, a price-to-earnings-growth ratio of 4.57 and a beta of 0.68. 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 Inc. has a 1-year low of $66.67 and a 1-year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share. On average, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given 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 is presently 40.17%.

Insider Activity

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $95.24, for a total transaction of $380,960.00. Following the completion of the sale, the executive vice president directly owned 1,060,455 shares in the company, valued at $100,997,734.20. This represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,744 shares of Walmart stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $95.60, for a total transaction of $166,726.40. Following the transaction, the executive vice president directly owned 649,233 shares of the company's stock, valued at $62,066,674.80. This represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,695 shares of company stock worth $13,710,162. Company insiders own 45.58% of the company's stock.

About Walmart

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.