Park Place Capital Corp Acquires 4,653 Shares of Walmart Inc. (NYSE:WMT)

Park Place Capital Corp lifted its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 16.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 32,771 shares of the retailer's stock after purchasing an additional 4,653 shares during the period. Walmart comprises about 0.8% of Park Place Capital Corp's investment portfolio, making the stock its 27th biggest position. Park Place Capital Corp's holdings in Walmart were worth $2,877,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Alta Wealth Advisors LLC grew its holdings in Walmart by 2.0% in the 1st quarter. Alta Wealth Advisors LLC now owns 14,850 shares of the retailer's stock worth $1,304,000 after acquiring an additional 290 shares during the last quarter. Falcon Wealth Planning grew its holdings in Walmart by 11.5% in the 1st quarter. Falcon Wealth Planning now owns 9,587 shares of the retailer's stock worth $842,000 after acquiring an additional 989 shares during the last quarter. CNB Bank grew its holdings in Walmart by 2.8% in the 1st quarter. CNB Bank now owns 21,363 shares of the retailer's stock worth $1,875,000 after acquiring an additional 587 shares during the last quarter. Nadler Financial Group Inc. grew its holdings in Walmart by 4.0% in the 1st quarter. Nadler Financial Group Inc. now owns 7,588 shares of the retailer's stock worth $666,000 after acquiring an additional 293 shares during the last quarter. Finally, HighMark Wealth Management LLC grew its holdings in Walmart by 356.0% in the 1st quarter. HighMark Wealth Management LLC now owns 944 shares of the retailer's stock worth $83,000 after acquiring an additional 737 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the transaction, the executive vice president now directly owns 520,275 shares of the company's stock, valued at approximately $49,332,475.50. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total transaction of $195,052.00. Following the completion of the transaction, the executive vice president now directly owns 398,024 shares of the company's stock, valued at $35,288,807.84. This trade represents a 0.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,711 shares of company stock valued at $13,688,803. Insiders own 45.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Evercore ISI raised their target price on shares of Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Oppenheimer raised 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. UBS Group dropped their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Wall Street Zen raised shares of Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $106.50.

Walmart Trading Up 1.4%

Shares of NYSE WMT opened at $97.41 on Friday. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The stock has a market cap of $777.37 billion, a P/E ratio of 41.63, a price-to-earnings-growth ratio of 4.69 and a beta of 0.69. The firm has a 50-day moving average of $96.80 and a 200 day moving average of $94.24. 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 (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share. As a group, sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders 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 (DPR) is presently 40.17%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.