Walmart Inc. (NYSE:WMT) Stock Holdings Lifted by Rhumbline Advisers

Rhumbline Advisers raised its position in Walmart Inc. (NYSE:WMT - Free Report) by 0.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,927,783 shares of the retailer's stock after purchasing an additional 8,771 shares during the quarter. Walmart makes up approximately 0.7% of Rhumbline Advisers' holdings, making the stock its 20th biggest position. Rhumbline Advisers owned about 0.10% of Walmart worth $695,980,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WMT. FPC Investment Advisory Inc. acquired a new stake in Walmart in the 4th quarter valued at approximately $25,000. Horizon Financial Services LLC grew its stake in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares during the period. Fiduciary Advisors Inc. acquired a new position in Walmart in the fourth quarter valued at about $27,000. Noble Wealth Management PBC bought a new stake in shares of Walmart in the fourth quarter valued at about $37,000. Finally, Mizuho Bank Ltd. bought a new stake in Walmart during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the transaction, the chief executive officer now owns 4,451,199 shares in the company, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. The trade was a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 135,334 shares of company stock valued at $12,615,864. Company insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on WMT shares. Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Erste Group Bank lowered Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. KeyCorp boosted their price objective on Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. JPMorgan Chase & Co. lifted their price target on shares of Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Finally, Robert W. Baird boosted their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Two equities research 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 currently has a consensus rating of "Moderate Buy" and an average target price of $104.94.

Walmart Trading Down 0.1%

Shares of NYSE WMT traded down $0.07 during midday trading on Wednesday, reaching $99.91. 4,768,134 shares of the stock were exchanged, compared to its average volume of 17,851,010. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The stock has a market capitalization of $799.37 billion, a P/E ratio of 41.46, a PEG ratio of 4.42 and a beta of 0.69. The company has a 50 day simple moving average of $94.05 and a 200 day simple moving average of $93.63. Walmart Inc. has a twelve month low of $65.64 and a twelve month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS 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 analyst estimates of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Walmart's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. As a group, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued 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 (DPR) is presently 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.