Walmart Inc. (NYSE:WMT) Shares Purchased by Money Concepts Capital Corp

Money Concepts Capital Corp lifted its position in Walmart Inc. (NYSE:WMT - Free Report) by 33.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,483 shares of the retailer's stock after acquiring an additional 10,479 shares during the quarter. Money Concepts Capital Corp's holdings in Walmart were worth $3,642,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. LaFleur & Godfrey LLC lifted its holdings in Walmart by 1.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer's stock valued at $6,283,000 after buying an additional 992 shares in the last quarter. Eagle Capital Management LLC increased its position in Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock valued at $349,000 after purchasing an additional 321 shares during the period. Brighton Jones LLC increased its position in Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after purchasing an additional 21,939 shares during the period. Revolve Wealth Partners LLC increased its position in Walmart by 5.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after purchasing an additional 485 shares during the period. Finally, SOA Wealth Advisors LLC. increased its position in Walmart by 1.6% during the 4th quarter. SOA Wealth Advisors LLC. now owns 9,194 shares of the retailer's stock valued at $831,000 after purchasing an additional 142 shares during the period. Institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

NYSE WMT traded up $1.39 on Friday, hitting $97.41. 31,424,295 shares of the company's stock traded hands, compared to its average volume of 18,041,297. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 1-year low of $66.67 and a 1-year high of $105.30. The firm's 50-day moving average price is $96.80 and its two-hundred day moving average price is $94.24. The firm has a market capitalization of $777.37 billion, a PE ratio of 41.63, a P/E/G ratio of 4.69 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the previous year, the business posted $0.60 EPS. The business's quarterly revenue was up 2.5% compared to the same quarter last year. As a group, analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently announced 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 dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio is currently 40.17%.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $94.19, for a total value of $2,743,189.56. Following the completion of the transaction, the chief executive officer now directly owns 4,480,347 shares in the company, valued at $422,003,883.93. The trade was a 0.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total transaction of $217,800.00. Following the completion of the transaction, the executive vice president now owns 630,518 shares of the company's stock, valued at approximately $62,421,282. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 142,711 shares of company stock worth $13,688,803 in the last three months. Company insiders own 45.58% of the company's stock.

Analyst Ratings Changes

WMT has been the topic of a number of research reports. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Stifel Nicolaus cut their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Oppenheimer raised their target price 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. 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 research report on Wednesday, June 4th. Finally, Barclays reissued an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Two 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 company. Based on data from MarketBeat, the company presently has an average 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.