Procyon Advisors LLC Purchases 3,709 Shares of Walmart Inc. (NYSE:WMT)

Procyon Advisors LLC raised its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 11.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,782 shares of the retailer's stock after buying an additional 3,709 shares during the quarter. Procyon Advisors LLC's holdings in Walmart were worth $3,229,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WMT. AGH Wealth Advisors LLC boosted its stake in Walmart by 2.3% in the first quarter. AGH Wealth Advisors LLC now owns 6,277 shares of the retailer's stock worth $551,000 after buying an additional 140 shares in the last quarter. Oxinas Partners Wealth Management LLC increased its position in shares of Walmart by 2.2% during the first quarter. Oxinas Partners Wealth Management LLC now owns 9,272 shares of the retailer's stock valued at $814,000 after buying an additional 201 shares during the period. Next Level Private LLC lifted its position in Walmart by 18.2% during the 1st quarter. Next Level Private LLC now owns 3,457 shares of the retailer's stock valued at $303,000 after acquiring an additional 533 shares during the period. Magnus Financial Group LLC grew its stake in shares of Walmart by 1.3% in the 1st quarter. Magnus Financial Group LLC now owns 20,302 shares of the retailer's stock worth $1,782,000 after buying an additional 263 shares during the last quarter. Finally, Adamsbrown Wealth Consultants LLC raised its position in shares of Walmart by 7.4% in the 1st quarter. Adamsbrown Wealth Consultants LLC now owns 21,761 shares of the retailer's stock worth $1,910,000 after purchasing an additional 1,505 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on WMT. Robert W. Baird upped their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Erste Group Bank downgraded Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Finally, DA Davidson reissued a "buy" rating and set a $117.00 price objective on shares of Walmart in a report on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $105.16.

Insider Buying and Selling

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the sale, the executive vice president now owns 630,518 shares in the company, valued at approximately $62,421,282. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,534 shares of company stock valued at $12,833,664 over the last ninety days. 45.58% of the stock is owned by company insiders.

Walmart Stock Down 0.5%

Shares of NYSE WMT traded down $0.50 during trading hours on Friday, hitting $97.46. The company had a trading volume of 15,583,112 shares, compared to its average volume of 17,900,687. The stock has a market capitalization of $779.77 billion, a P/E ratio of 40.44, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The firm's 50 day moving average is $94.53 and its 200-day moving average is $93.76. Walmart Inc. has a 1-year low of $65.64 and a 1-year high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT - Get Free Report) last issued 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. 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 21.87% and a net margin of 2.85%. The business's revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 earnings per share. On average, analysts expect that Walmart Inc. will post 2.55 earnings per share 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. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio is currently 40.17%.

About Walmart

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.