TD Private Client Wealth LLC Raises Stock Holdings in Walmart Inc. (NYSE:WMT)

TD Private Client Wealth LLC increased its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,352 shares of the retailer's stock after acquiring an additional 3,043 shares during the period. TD Private Client Wealth LLC's holdings in Walmart were worth $7,230,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of WMT. Horizon Financial Services LLC raised its stake in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares during the period. EQ Wealth Advisors LLC purchased a new stake in Walmart during the first quarter worth about $35,000. Mizuho Bank Ltd. bought a new stake in Walmart in the fourth quarter worth about $41,000. Nexus Investment Management ULC bought a new stake in Walmart in the first quarter worth about $49,000. Finally, WealthTrak Capital Management LLC purchased a new position in Walmart in the fourth quarter valued at about $53,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

NYSE:WMT traded up $0.91 during midday trading on Monday, hitting $99.27. The company had a trading volume of 12,918,621 shares, compared to its average volume of 18,048,333. The stock's fifty day moving average price is $97.14 and its 200-day moving average price is $94.36. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30. 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 has a market capitalization of $792.22 billion, a PE ratio of 42.42, a P/E/G ratio of 4.73 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 EPS. As a group, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid 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 (DPR) is 40.17%.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research analyst reports. KeyCorp raised their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Mizuho boosted their target price on Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, June 9th. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Oppenheimer lifted their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, Truist Financial lifted their target price on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $106.67.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the transaction, the executive vice president owned 630,518 shares in the company, valued at approximately $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathryn J. Mclay sold 28,000 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total value of $2,716,000.00. Following the sale, the executive vice president owned 1,064,455 shares of the company's stock, 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 sold a total of 142,711 shares of company stock worth $13,710,319 in the last quarter. 45.58% of the stock is currently 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.