Mattern Wealth Management LLC Has $4.51 Million Holdings in Walmart Inc. (NYSE:WMT)

Mattern Wealth Management LLC grew its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 5.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,326 shares of the retailer's stock after buying an additional 2,613 shares during the period. Walmart makes up 1.0% of Mattern Wealth Management LLC's investment portfolio, making the stock its 21st largest holding. Mattern Wealth Management LLC's holdings in Walmart were worth $4,506,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Horizon Financial Services LLC boosted its holdings in Walmart by 1,007.7% in 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 in the last quarter. EQ Wealth Advisors LLC bought a new position in shares of Walmart in the 1st quarter worth $35,000. Noble Wealth Management PBC acquired a new stake in Walmart in the 4th quarter valued at $37,000. Mizuho Bank Ltd. bought a new stake in Walmart during the 4th quarter valued at $41,000. Finally, Nexus Investment Management ULC acquired a new position in Walmart during the first quarter worth $49,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Performance

NYSE WMT opened at $98.04 on Wednesday. The firm has a market cap of $782.37 billion, a P/E ratio of 41.90, a price-to-earnings-growth ratio of 4.78 and a beta of 0.69. 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 company's 50 day moving average is $96.53 and its 200-day moving average is $94.18. Walmart Inc. has a 12-month low of $66.55 and a 12-month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued 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 business had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 EPS. Sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathryn J. Mclay sold 28,000 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the transaction, the executive vice president now directly owns 1,064,455 shares of the company's stock, valued at $103,252,135. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,419 shares of company stock valued at $14,295,650. Corporate insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on WMT shares. Citigroup reiterated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Truist Financial lifted their price target on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. DZ Bank raised Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research report on Tuesday, February 25th. Finally, Barclays reiterated an "overweight" rating on shares of Walmart in a report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $106.50.

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.

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