Pasadena Private Wealth LLC Takes Position in Walmart Inc. (NYSE:WMT)

Key Points

• Pasadena Private Wealth LLC has acquired a new position in Walmart Inc., buying 3,319 shares valued at approximately $291,000 during the first quarter.
• Walmart reported better-than-expected quarterly earnings with an EPS of $0.61, surpassing the consensus estimate of $0.58, and showed a revenue increase of 2.5% year-over-year.
• The company recently announced a dividend of $0.235 per share, reflecting a dividend yield of 95.0% with a payout ratio of 40.17%.

Pasadena Private Wealth LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,319 shares of the retailer's stock, valued at approximately $291,000.

Other large investors have also recently made changes to their positions in the company. Bear Mountain Capital Inc. boosted its stake in shares of Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after acquiring an additional 167 shares in the last quarter. EQ Wealth Advisors LLC purchased a new stake in shares of Walmart during the 1st quarter worth about $35,000. Lipe & Dalton boosted its stake in shares of Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after acquiring an additional 200 shares in the last quarter. Mizuho Bank Ltd. purchased a new stake in shares of Walmart during the 4th quarter worth about $41,000. Finally, Nexus Investment Management ULC purchased a new stake in shares of Walmart during the 1st quarter worth about $49,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Up 0.4%

Shares of Walmart stock traded up $0.42 during mid-day trading on Friday, hitting $98.40. The stock had a trading volume of 16,740,547 shares, compared to its average volume of 12,707,151. 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 firm has a market cap of $785.27 billion, a P/E ratio of 42.05, a price-to-earnings-growth ratio of 4.72 and a beta of 0.66. The firm has a 50-day moving average of $96.86 and a two-hundred day moving average of $95.03. Walmart Inc. has a 12-month low of $66.67 and a 12-month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The firm 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 firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. Sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 95.0%. Walmart's dividend payout ratio (DPR) is presently 40.17%.

Insider Activity at Walmart

In related news, EVP Kathryn J. Mclay sold 28,000 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the transaction, the executive vice president owned 1,064,455 shares of the company's stock, valued at approximately $103,252,135. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the transaction, the executive vice president directly 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 90 days, insiders sold 143,912 shares of company stock worth $13,863,813. Company insiders own 45.58% of the company's stock.

Analysts Set New Price Targets

WMT has been the subject of several research analyst reports. Tigress Financial upped their price target on shares of Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Mizuho upped their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Oppenheimer upped their price target 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, 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. Two equities research 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.

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.