Red Door Wealth Management LLC Boosts Stock Position in Walmart Inc. (NYSE:WMT)

Red Door Wealth Management LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 140,053 shares of the retailer's stock after buying an additional 3,203 shares during the quarter. Walmart makes up about 1.8% of Red Door Wealth Management LLC's investment portfolio, making the stock its 13th largest holding. Red Door Wealth Management LLC's holdings in Walmart were worth $12,295,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Horizon Financial Services LLC boosted its stake in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after acquiring an additional 262 shares during the last quarter. EQ Wealth Advisors LLC bought a new position in Walmart in the 1st quarter worth $35,000. Noble Wealth Management PBC purchased a new position in Walmart during the fourth quarter valued at $37,000. Mizuho Bank Ltd. purchased a new position in Walmart during the fourth quarter valued at $41,000. Finally, Nexus Investment Management ULC bought a new stake in Walmart during the first quarter valued at about $49,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WMT has been the topic of several recent research reports. Citigroup reaffirmed a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Raymond James Financial reduced their target price on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Telsey Advisory Group restated an "outperform" rating and set a $115.00 target price on shares of Walmart in a research note on Monday, June 9th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Finally, Stifel Nicolaus decreased their price objective on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Two research 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's stock. Based on data from MarketBeat.com, Walmart presently has an average rating of "Moderate Buy" and a consensus target price of $106.67.

Walmart Stock Up 0.7%

NYSE WMT traded up $0.68 on Friday, reaching $98.29. 7,686,204 shares of the stock traded hands, compared to its average volume of 18,082,978. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The company has a fifty day moving average price of $97.07 and a 200-day moving average price of $94.33. The company has a market cap of $784.40 billion, a price-to-earnings ratio of 42.00, a PEG ratio of 4.73 and a beta of 0.68. 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 announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 EPS. As a group, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Insider Buying and Selling

In related news, EVP Kathryn J. Mclay sold 28,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total value of $2,716,000.00. Following the transaction, the executive vice president directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Friday, June 20th. The stock was 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 directly owned 945,434 shares in the company, valued at $90,619,848.90. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 142,711 shares of company stock valued at $13,710,319 in the last ninety days. Insiders own 45.58% of the company's stock.

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.