Walmart Inc. (NYSE:WMT) Shares Acquired by Pure Financial Advisors LLC

Pure Financial Advisors LLC increased its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 19.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,968 shares of the retailer's stock after buying an additional 6,224 shares during the quarter. Pure Financial Advisors LLC's holdings in Walmart were worth $3,333,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in WMT. Horizon Financial Services LLC grew its stake in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after purchasing an additional 262 shares during the last quarter. EQ Wealth Advisors LLC purchased a new stake in Walmart in the first quarter valued at approximately $35,000. Noble Wealth Management PBC acquired a new position in Walmart in the 4th quarter worth approximately $37,000. Mizuho Bank Ltd. purchased a new position in Walmart during the 4th quarter worth approximately $41,000. Finally, Nexus Investment Management ULC purchased a new stake in shares of Walmart in the 1st quarter valued at $49,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the sale, the executive vice president now owns 945,434 shares of the company's stock, valued at approximately $90,619,848.90. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 transaction, the executive vice president now directly owns 398,024 shares in the company, 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. Insiders have sold a total of 123,295 shares of company stock worth $11,801,762 in the last quarter. Company insiders own 45.58% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on WMT. Citigroup reissued a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. UBS Group dropped their price objective 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. Stifel Nicolaus reduced their price target on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Barclays reiterated an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Finally, DA Davidson restated a "buy" rating and issued a $117.00 price objective on shares of Walmart in a research report on Friday, May 16th. Two investment 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's stock. According to data from MarketBeat, Walmart has a consensus rating of "Moderate Buy" and an average target price of $106.50.

Walmart Price Performance

WMT traded down $1.04 during trading on Thursday, reaching $96.22. The company's stock had a trading volume of 19,330,541 shares, compared to its average volume of 17,951,949. The company has a market cap of $767.85 billion, a price-to-earnings ratio of 41.12, a PEG ratio of 4.78 and a beta of 0.69. The firm has a fifty day simple moving average of $96.65 and a two-hundred day simple moving average of $94.20. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were paid a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. 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.