Secured Retirement Advisors LLC Makes New $1.35 Million Investment in Walmart Inc. (NYSE:WMT)

Secured Retirement Advisors LLC acquired a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 15,326 shares of the retailer's stock, valued at approximately $1,345,000.

Several other large investors also recently modified their holdings of WMT. Norges Bank acquired a new position in Walmart in the fourth quarter valued at about $5,737,355,000. GAMMA Investing LLC raised its stake in shares of Walmart by 9,896.9% in the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock valued at $697,029,000 after acquiring an additional 7,860,306 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after acquiring an additional 3,550,037 shares in the last quarter. APG Asset Management N.V. grew its position in Walmart by 1,707.6% during the 4th quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock worth $324,410,000 after acquiring an additional 3,512,368 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Walmart by 48.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,765,159 shares of the retailer's stock valued at $882,282,000 after purchasing an additional 3,182,477 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the sale, the executive vice president directly owned 945,434 shares in the company, valued at $90,619,848.90. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 28,000 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the sale, the executive vice president directly owned 1,064,455 shares in the company, valued at $103,252,135. This represents a 2.56% 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 over the last 90 days. 45.58% of the stock is owned by company insiders.

Analyst Ratings Changes

WMT has been the topic of a number of recent analyst 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. KeyCorp upped their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. 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 report on Wednesday, April 9th. Erste Group Bank downgraded shares of Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Oppenheimer increased their price target on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Two research 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 stock. According to MarketBeat, Walmart has an average rating of "Moderate Buy" and an average price target of $106.67.

Walmart Trading Down 0.5%

Shares of NYSE 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 has a market cap of $753.03 billion, a price-to-earnings ratio of 40.32, a P/E/G ratio of 4.54 and a beta of 0.68. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The company's fifty day moving average is $97.10 and its 200-day moving average is $94.51.

Walmart (NYSE:WMT - Get Free Report) last posted 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. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The company's revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend 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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