Walmart Inc. (NYSE:WMT) Shares Purchased by Lineweaver Wealth Advisors LLC

Lineweaver Wealth Advisors LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 17.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,846 shares of the retailer's stock after acquiring an additional 2,887 shares during the quarter. Lineweaver Wealth Advisors LLC's holdings in Walmart were worth $1,743,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of WMT. Norges Bank bought a new position in shares of Walmart during the fourth quarter valued at approximately $5,737,355,000. GAMMA Investing LLC boosted its holdings in shares of Walmart by 9,896.9% in the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock valued at $697,029,000 after purchasing an additional 7,860,306 shares during the period. Northern Trust Corp boosted its holdings in shares of Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after purchasing an additional 3,550,037 shares during the period. APG Asset Management N.V. boosted its holdings in shares of Walmart by 1,707.6% in the fourth quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock valued at $324,410,000 after purchasing an additional 3,512,368 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Walmart by 48.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,765,159 shares of the retailer's stock valued at $882,282,000 after purchasing an additional 3,182,477 shares during the period. Institutional investors own 26.76% of the company's stock.

Insider Activity

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $95.85, for a total value of $1,258,031.25. Following the sale, the executive vice president owned 945,434 shares of the company's stock, valued at $90,619,848.90. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total value of $216,568.00. Following the completion of the sale, the executive vice president directly owned 628,318 shares in the company, valued at approximately $61,851,623.92. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,695 shares of company stock worth $13,710,162. 45.58% of the stock is owned by company insiders.

Walmart Price Performance

WMT traded down $0.06 during trading on Friday, reaching $95.03. The company's stock had a trading volume of 5,490,316 shares, compared to its average volume of 19,527,141. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $96.85 and a two-hundred day simple moving average of $94.59. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The company has a market cap of $758.35 billion, a price-to-earnings ratio of 40.62, a PEG ratio of 4.58 and a beta of 0.68.

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

Walmart Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's payout ratio is presently 40.17%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Royal Bank Of Canada reiterated an "outperform" rating and issued a $103.00 price target (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. Stifel Nicolaus lowered their price target on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Telsey Advisory Group restated an "outperform" rating and set a $115.00 target price on shares of Walmart in a report on Monday, June 9th. Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Raymond James Financial lowered their target price on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, April 11th. 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 company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $106.67.

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.