Sigma Planning Corp Buys 8,151 Shares of Walmart Inc. (NYSE:WMT)

Sigma Planning Corp increased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 7.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 116,647 shares of the retailer's stock after purchasing an additional 8,151 shares during the quarter. Sigma Planning Corp's holdings in Walmart were worth $10,242,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Catalyst Financial Partners LLC grew its stake in shares of Walmart by 2.1% during the 1st quarter. Catalyst Financial Partners LLC now owns 23,897 shares of the retailer's stock worth $2,098,000 after acquiring an additional 502 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its stake in shares of Walmart by 4.3% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 53,071 shares of the retailer's stock worth $4,659,000 after acquiring an additional 2,194 shares in the last quarter. Cutter & CO Brokerage Inc. grew its stake in shares of Walmart by 4.4% during the 1st quarter. Cutter & CO Brokerage Inc. now owns 7,338 shares of the retailer's stock worth $644,000 after acquiring an additional 307 shares in the last quarter. Turtle Creek Wealth Advisors LLC grew its stake in shares of Walmart by 3.2% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 13,263 shares of the retailer's stock worth $1,164,000 after acquiring an additional 417 shares in the last quarter. Finally, Florida Financial Advisors LLC grew its stake in shares of Walmart by 67.8% during the 1st quarter. Florida Financial Advisors LLC now owns 25,162 shares of the retailer's stock worth $2,213,000 after acquiring an additional 10,170 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.24, for a total transaction of $380,960.00. Following the sale, the executive vice president directly owned 1,060,455 shares in the company, valued at approximately $100,997,734.20. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated 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 sale, the executive vice president owned 945,434 shares in the company, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 142,695 shares of company stock valued at $13,710,162. Corporate insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WMT. Truist Financial raised their target price on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Wall Street Zen raised shares of Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Evercore ISI raised their target price on shares of Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Mizuho raised their target price on shares of Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, June 9th. Finally, Oppenheimer raised their target price 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 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.67.

Walmart Price Performance

Walmart stock traded down $0.03 during midday trading on Thursday, reaching $95.12. The company's stock had a trading volume of 11,156,864 shares, compared to its average volume of 18,115,033. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $96.85 and a 200-day moving average price of $94.59. The stock has a market cap of $759.08 billion, a PE ratio of 40.65, a price-to-earnings-growth ratio of 4.58 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) 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 firm had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter in the previous year, the business posted $0.60 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. On average, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were issued a dividend of $0.235 per share. 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 currently 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.