Rainey & Randall Wealth Advisors Inc. Makes New Investment in Walmart Inc. (NYSE:WMT)

Rainey & Randall Wealth Advisors Inc. purchased a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,850 shares of the retailer's stock, valued at approximately $251,000.

A number of other large investors also recently added to or reduced their stakes in WMT. Horizon Financial Services LLC raised its stake in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares in the last quarter. EQ Wealth Advisors LLC acquired a new stake in shares of Walmart in the first quarter valued at $35,000. Mizuho Bank Ltd. acquired a new stake in shares of Walmart in the fourth quarter valued at $41,000. Nexus Investment Management ULC acquired a new stake in shares of Walmart in the first quarter valued at $49,000. Finally, WealthTrak Capital Management LLC acquired a new stake in shares of Walmart in the fourth quarter valued at $53,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $95.24, for a total transaction of $380,960.00. Following the completion of the sale, the executive vice president directly owned 1,060,455 shares in the company, valued at approximately $100,997,734.20. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $94.77, for a total transaction of $166,795.20. Following the sale, the executive vice president owned 650,977 shares of the company's stock, valued at approximately $61,693,090.29. The trade was a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 142,711 shares of company stock worth $13,710,319. 45.58% of the stock is currently owned by company insiders.

Walmart Price Performance

Shares of WMT opened at $94.36 on Friday. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30. The stock's 50 day moving average is $97.10 and its two-hundred day moving average is $94.51. The firm has a market capitalization of $753.03 billion, a PE ratio of 40.32, a P/E/G ratio of 4.54 and a beta of 0.68. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share 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 company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the previous year, the company earned $0.60 EPS. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. Research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business 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 of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's payout ratio is 40.17%.

Analysts Set New Price Targets

Several analysts have recently issued reports on WMT shares. Robert W. Baird increased their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Evercore ISI raised their price target on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Erste Group Bank cut Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $115.00 price target on shares of Walmart in a research note on Monday, June 9th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $106.67.

Walmart 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.

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