Walmart Inc. (NYSE:WMT) Position Raised by Solidarity Wealth LLC

Key Points

• Solidarity Wealth LLC has significantly increased its investment in Walmart, acquiring an additional 28,109 shares, raising its total holdings to 34,932 shares worth approximately $3.07 million.
• Walmart's CEO, C. Douglas McMillon, recently sold 29,148 shares of the company's stock, reducing his ownership stake by 0.65%, while Insider transactions indicate a total of 126,696 shares sold in the last 90 days.
• Analysts have mixed ratings on Walmart's stock, with a consensus rating of "Moderate Buy" and target prices ranging from $103.00 to $120.00, reflecting varying outlooks on the company’s performance.

Solidarity Wealth LLC boosted its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 412.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,932 shares of the retailer's stock after acquiring an additional 28,109 shares during the quarter. Solidarity Wealth LLC's holdings in Walmart were worth $3,075,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Horizon Financial Services LLC increased 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 buying an additional 262 shares during the period. Bear Mountain Capital Inc. raised its holdings in shares of Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after purchasing an additional 167 shares in the last quarter. EQ Wealth Advisors LLC purchased a new stake in shares of Walmart during the 1st quarter worth $35,000. Lipe & Dalton grew its stake in shares of Walmart by 95.2% during the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after purchasing an additional 200 shares in the last quarter. Finally, Mizuho Bank Ltd. purchased a new position in Walmart in the fourth quarter valued at $41,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 price target on shares of Walmart in a report on Monday, June 9th. UBS Group reduced their price objective on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Truist Financial upped their target price on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Robert W. Baird boosted their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Finally, Evercore ISI lifted their target price on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Two research 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. Based on data from MarketBeat, Walmart currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.

Walmart Stock Up 0.6%

Shares of WMT stock traded up $0.56 during trading hours on Thursday, hitting $98.15. 6,625,860 shares of the company were exchanged, compared to its average volume of 19,110,559. The stock has a market capitalization of $783.26 billion, a price-to-earnings ratio of 41.95, a P/E/G ratio of 4.73 and a beta of 0.68. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30. The business's 50-day simple moving average is $96.78 and its two-hundred day simple moving average is $94.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78.

Walmart (NYSE:WMT - Get Free Report) last issued its 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. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same quarter last year, the firm earned $0.60 EPS. The business's revenue was up 2.5% on a year-over-year basis. Sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were issued a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio (DPR) is presently 40.17%.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the sale, the executive vice president directly owned 628,318 shares of the company's stock, valued at $61,851,623.92. This trade represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated 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 completion of the sale, the executive vice president owned 945,434 shares in the company, valued at approximately $90,619,848.90. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,912 shares of company stock valued at $13,863,813 over the last three months. 45.58% of the stock is owned by company insiders.

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.