2,635 Shares in Walmart Inc. (NYSE:WMT) Bought by Morling Financial Advisors LLC

Morling Financial Advisors LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,635 shares of the retailer's stock, valued at approximately $231,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WMT. Whelan Financial lifted its holdings in shares of Walmart by 2.3% in the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock worth $392,000 after buying an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in Walmart by 1.7% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock valued at $538,000 after acquiring an additional 98 shares in the last quarter. Scott & Selber Inc. increased its holdings in Walmart by 3.7% during the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock worth $256,000 after acquiring an additional 105 shares during the period. Capital Advisors Wealth Management LLC lifted its stake in Walmart by 1.4% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock worth $684,000 after purchasing an additional 105 shares in the last quarter. Finally, Lauterbach Financial Advisors LLC lifted its stake in Walmart by 1.8% in the 1st quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock worth $517,000 after purchasing an additional 106 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on WMT shares. UBS Group lowered their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Raymond James Financial decreased their price target on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Truist Financial raised their price objective on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Oppenheimer upped their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, 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. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $106.67.

Walmart Stock Performance

Shares of NYSE WMT traded up $0.94 during midday trading on Thursday, hitting $96.62. 14,977,777 shares of the stock traded hands, compared to its average volume of 13,743,034. The firm has a market capitalization of $771.05 billion, a P/E ratio of 41.29, a PEG ratio of 4.60 and a beta of 0.68. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The firm has a 50-day moving average of $96.77 and a two-hundred day moving average of $94.77.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data 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 2.75% and a return on equity of 21.76%. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter last year, the firm posted $0.60 earnings per share. The firm's revenue was up 2.5% compared to the same quarter last year. On average, equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,744 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $95.60, for a total transaction of $166,726.40. Following the sale, the executive vice president directly owned 649,233 shares of the company's stock, valued at $62,066,674.80. This trade represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the sale, the executive vice president owned 628,318 shares of the company's stock, valued at $61,851,623.92. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 126,696 shares of company stock valued at $12,222,245. Company insiders own 45.58% of the company's stock.

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.