Sagespring Wealth Partners LLC Increases Stock Holdings in Walmart Inc. (NYSE:WMT)

Sagespring Wealth Partners LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,094 shares of the retailer's stock after buying an additional 3,660 shares during the period. Sagespring Wealth Partners LLC's holdings in Walmart were worth $10,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. FPC Investment Advisory Inc. acquired a new position in Walmart in the 4th quarter valued at $25,000. Horizon Financial Services LLC raised its stake in Walmart by 1,007.7% in 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. Noble Wealth Management PBC acquired a new position in Walmart in the 4th quarter valued at $37,000. Mizuho Bank Ltd. acquired a new position in Walmart in the 4th quarter valued at $41,000. Finally, Nexus Investment Management ULC acquired a new position in Walmart in the 1st quarter valued at $49,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Analysts Set New Price Targets

WMT has been the subject of several recent research reports. Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a research note on Monday, June 9th. Barclays reaffirmed an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Oppenheimer raised their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Piper Sandler raised their target price on Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.50.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,760 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total transaction of $166,883.20. Following the sale, the executive vice president now owns 520,275 shares of the company's stock, valued at approximately $49,332,475.50. This trade represents a 0.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. This trade represents a 0.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

Shares of Walmart stock opened at $94.28 on Tuesday. The business has a 50-day moving average of $96.04 and a 200 day moving average of $94.11. Walmart Inc. has a 12 month low of $66.41 and a 12 month high of $105.30. The stock has a market capitalization of $752.39 billion, a price-to-earnings ratio of 39.12, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The business 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 quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business 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 payout ratio 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.

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