Walmart Inc. (NYSE:WMT) Shares Bought by Lincluden Management Ltd.

Lincluden Management Ltd. lifted its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 26.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 53,005 shares of the retailer's stock after buying an additional 11,241 shares during the quarter. Lincluden Management Ltd.'s holdings in Walmart were worth $4,653,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Horizon Financial Services LLC increased its position in Walmart by 1,007.7% during the fourth 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 period. Bear Mountain Capital Inc. increased its holdings in Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after buying an additional 167 shares during the period. EQ Wealth Advisors LLC bought a new position in Walmart in the 1st quarter valued at about $35,000. Lipe & Dalton increased its holdings in Walmart by 95.2% in the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after buying an additional 200 shares during the period. Finally, Mizuho Bank Ltd. bought a new position in Walmart in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Activity at Walmart

In related news, EVP Kathryn J. Mclay sold 28,000 shares of Walmart stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total value of $2,716,000.00. Following the sale, the executive vice president owned 1,064,455 shares of the company's stock, valued at approximately $103,252,135. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the sale, the chief executive officer owned 4,451,199 shares of the company's stock, valued at $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 126,696 shares of company stock worth $12,222,245. 45.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on WMT. Truist Financial raised their target price on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Evercore ISI raised their target price on shares of Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Robert W. Baird raised their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, May 16th. KeyCorp raised their target price on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, June 9th. Finally, Citigroup reaffirmed a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Two investment 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $106.67.

Walmart Stock Performance

Shares of Walmart stock traded up $0.85 during trading hours on Friday, reaching $97.45. 12,845,633 shares of the stock traded hands, compared to its average volume of 13,524,539. The company has a 50 day moving average price of $96.77 and a 200 day moving average price of $94.77. The firm has a market capitalization of $777.72 billion, a price-to-earnings ratio of 41.65, a P/E/G ratio of 4.65 and a beta of 0.68. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The business 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 company's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. On average, 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. Stockholders of record on Monday, May 12th were issued a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio (DPR) is currently 40.17%.

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.