Monument Capital Management Acquires 26,685 Shares of Walmart Inc. (NYSE:WMT)

Monument Capital Management raised its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 94.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,004 shares of the retailer's stock after purchasing an additional 26,685 shares during the quarter. Walmart accounts for 1.5% of Monument Capital Management's investment portfolio, making the stock its 17th largest position. Monument Capital Management's holdings in Walmart were worth $4,829,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WMT. Horizon Financial Services LLC increased its position in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after purchasing an additional 262 shares during the last quarter. EQ Wealth Advisors LLC bought a new position in shares of Walmart during the 1st quarter valued at about $35,000. Noble Wealth Management PBC bought a new position in shares of Walmart during the 4th quarter valued at about $37,000. Mizuho Bank Ltd. bought a new position in shares of Walmart during the 4th quarter valued at about $41,000. Finally, Nexus Investment Management ULC bought a new position in shares of Walmart during the 1st quarter valued at about $49,000. Institutional investors own 26.76% of the company's stock.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $94.19, for a total transaction of $2,743,189.56. Following the completion of the transaction, the chief executive officer now owns 4,480,347 shares in the company, valued at approximately $422,003,883.93. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Friday, June 20th. The shares were sold at an average price of $95.24, for a total value of $380,960.00. Following the transaction, the executive vice president now owns 1,060,455 shares of the company's stock, valued at $100,997,734.20. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 142,711 shares of company stock worth $13,688,803. 45.58% of the stock is owned by insiders.

Walmart Trading Up 1.4%

WMT opened at $97.41 on Monday. The stock has a market cap of $777.37 billion, a PE ratio of 41.63, a PEG ratio of 4.75 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 business has a 50 day moving average of $96.80 and a 200-day moving average of $94.23. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion during 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 firm's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. Equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WMT. Citigroup reiterated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Raymond James Financial reduced their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Telsey Advisory Group restated an "outperform" rating and set a $115.00 price target on shares of Walmart in a research report on Monday, June 9th. DA Davidson restated a "buy" rating and set a $117.00 price target on shares of Walmart in a research report on Friday, May 16th. Finally, UBS Group reduced their price target on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Two research 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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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