Mount Lucas Management LP acquired a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 17,580 shares of the retailer's stock, valued at approximately $1,543,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Horizon Financial Services LLC increased its position in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after buying an additional 262 shares during the period. Bear Mountain Capital Inc. increased its holdings in shares of Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after purchasing an additional 167 shares during the period. EQ Wealth Advisors LLC purchased a new stake in shares of Walmart in the first quarter valued at approximately $35,000. Lipe & Dalton boosted its stake in shares of Walmart by 95.2% in the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after buying an additional 200 shares in the last quarter. Finally, Mizuho Bank Ltd. purchased a new stake in shares of Walmart in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 26.76% of the company's stock.
Walmart Price Performance
WMT stock opened at $95.87 on Wednesday. The stock has a market capitalization of $765.10 billion, a PE ratio of 40.97, a price-to-earnings-growth ratio of 4.60 and a beta of 0.68. The company's 50-day moving average is $96.81 and its 200-day moving average is $94.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30.
Walmart (NYSE:WMT - Get Free Report) last released its quarterly 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. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The company's quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.
Walmart Dividend Announcement
The company also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio (DPR) is currently 40.17%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Mizuho boosted their target price on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. UBS Group decreased their target price on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Robert W. Baird increased their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, May 16th. DA Davidson reaffirmed a "buy" rating and set a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Finally, Truist Financial increased their target price on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Two 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 company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.
Check Out Our Latest Report on WMT
Insider Activity
In other Walmart news, 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 value of $217,800.00. Following the completion of the sale, the executive vice president directly owned 630,518 shares of the company's stock, valued at $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the completion of the sale, the executive vice president directly owned 945,434 shares of the company's stock, valued at $90,619,848.90. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 155,820 shares of company stock valued at $14,965,435 over the last 90 days. Company insiders own 45.58% of the company's stock.
Walmart Profile
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Free Report)
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.
Further Reading
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT - Free Report).

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