TBH Global Asset Management LLC Buys 7,360 Shares of Walmart Inc. (NYSE:WMT)

TBH Global Asset Management LLC raised its stake in Walmart Inc. (NYSE:WMT - Free Report) by 31.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 31,076 shares of the retailer's stock after purchasing an additional 7,360 shares during the quarter. TBH Global Asset Management LLC's holdings in Walmart were worth $2,728,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Walmart by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock valued at $38,194,278,000 after acquiring an additional 2,050,683 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Walmart by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock valued at $8,167,186,000 after acquiring an additional 3,017,829 shares in the last quarter. Norges Bank bought a new position in shares of Walmart during the fourth quarter valued at approximately $5,737,355,000. Fisher Asset Management LLC raised its holdings in shares of Walmart by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock valued at $4,408,452,000 after acquiring an additional 1,133,201 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Walmart by 8.9% during the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after acquiring an additional 3,550,037 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Walmart Trading Up 1.4%

Shares of Walmart stock opened at $97.41 on Friday. The company's fifty day simple moving average is $96.80 and its 200-day simple moving average is $94.23. The stock has a market capitalization of $777.37 billion, a PE ratio of 41.63, a P/E/G ratio of 4.75 and a beta of 0.69. Walmart Inc. has a 1-year low of $66.67 and a 1-year high of $105.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly 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. The business had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company's revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 EPS. As a group, equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were paid 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 40.17%.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the transaction, the chief executive officer now owns 4,451,199 shares in the company, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction 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 transaction, the executive vice president now owns 630,518 shares in the company, valued at approximately $62,421,282. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,711 shares of company stock worth $13,688,803. 45.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Erste Group Bank downgraded Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Citigroup restated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Truist Financial increased their price objective on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Evercore ISI increased their price objective on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has a consensus rating of "Moderate Buy" and an average price target of $106.50.

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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