Mission Wealth Management LP Buys 3,455 Shares of Walmart Inc. (NYSE:WMT)

Mission Wealth Management LP raised its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 53,485 shares of the retailer's stock after purchasing an additional 3,455 shares during the quarter. Mission Wealth Management LP's holdings in Walmart were worth $4,695,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in WMT. Norges Bank acquired a new position in Walmart in the fourth quarter worth about $5,737,355,000. Raymond James Financial Inc. bought a new stake in shares of Walmart in the 4th quarter valued at approximately $2,306,627,000. GAMMA Investing LLC grew its stake in shares of Walmart by 9,896.9% in the 1st 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. Bank of New York Mellon Corp raised its holdings in shares of Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock worth $2,893,079,000 after buying an additional 3,927,173 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after buying an additional 3,550,037 shares during the period. Institutional investors own 26.76% of the company's stock.

Walmart Price Performance

Shares of WMT stock opened at $94.20 on Monday. Walmart Inc. has a 1 year low of $66.41 and a 1 year high of $105.30. The firm's 50 day moving average is $95.79 and its 200-day moving average is $94.09. The firm has a market capitalization of $751.76 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 4.42 and a beta of 0.69. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the prior year, the business earned $0.60 earnings per share. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. Sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WMT. Oppenheimer upped their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Stifel Nicolaus dropped their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Evercore ISI lifted their price target on shares of Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, Barclays restated an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $106.50.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total value of $195,052.00. Following the completion of the transaction, the executive vice president now owns 398,024 shares of the company's stock, valued at approximately $35,288,807.84. This trade represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders have sold 137,534 shares of company stock worth $12,833,664 over the last ninety days. Company insiders own 45.58% of the company's stock.

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.

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