Walmart Inc. (NYSE:WMT) Shares Purchased by Simon Quick Advisors LLC

Simon Quick Advisors LLC boosted its position in Walmart Inc. (NYSE:WMT - Free Report) by 29.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,959 shares of the retailer's stock after buying an additional 6,503 shares during the period. Simon Quick Advisors LLC's holdings in Walmart were worth $2,542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tallon Kerry Patrick acquired a new position in shares of Walmart during the fourth quarter valued at about $252,000. LaFleur & Godfrey LLC raised its holdings in shares of Walmart by 1.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer's stock valued at $6,283,000 after purchasing an additional 992 shares during the period. Eagle Capital Management LLC raised its holdings in shares of Walmart by 9.1% in the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after acquiring an additional 321 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after acquiring an additional 21,939 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Walmart in the 4th quarter worth about $10,645,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Wall Street Analyst Weigh In

WMT has been the topic of a number of analyst reports. Mizuho upped their target price on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday. Truist Financial upped their price objective on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. UBS Group reduced their price objective on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Citigroup reaffirmed a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $103.00 price objective (up from $102.00) on shares of Walmart in a research report on Monday. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Walmart presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.50.

Walmart Stock Performance

WMT traded down $1.00 during midday trading on Thursday, hitting $94.80. 17,813,539 shares of the company were exchanged, compared to its average volume of 17,893,103. The company's 50 day simple moving average is $95.31 and its 200 day simple moving average is $94.01. The firm has a market capitalization of $758.48 billion, a price-to-earnings ratio of 39.34, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 1-year low of $65.95 and a 1-year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same period last year, the firm earned $0.60 EPS. The company's quarterly revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given 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 presently 40.17%.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the transaction, the chief executive officer now directly owns 4,451,199 shares of the company's stock, valued at $429,896,799.42. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total transaction of $217,800.00. Following the sale, the executive vice president now directly owns 630,518 shares in the company, valued at approximately $62,421,282. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,534 shares of company stock worth $12,833,664 in the last ninety days. Company insiders own 45.58% of the company's stock.

Walmart 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.