Walmart Inc. (NYSE:WMT) Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. raised its stake in Walmart Inc. (NYSE:WMT - Free Report) by 20.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,877 shares of the retailer's stock after buying an additional 10,110 shares during the period. Walmart makes up about 0.9% of Thurston Springer Miller Herd & Titak Inc.'s investment portfolio, making the stock its 17th largest holding. Thurston Springer Miller Herd & Titak Inc.'s holdings in Walmart were worth $5,169,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in WMT. Tallon Kerry Patrick bought a new position in shares of Walmart in the fourth quarter valued at approximately $252,000. LaFleur & Godfrey LLC grew its holdings in Walmart by 1.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer's stock worth $6,283,000 after acquiring an additional 992 shares during the period. Eagle Capital Management LLC grew its holdings in Walmart by 9.1% during 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 period. Brighton Jones LLC grew its holdings in Walmart by 28.8% during 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 period. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Walmart in the 4th quarter valued at $10,645,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WMT has been the topic of several research reports. Robert W. Baird boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Telsey Advisory Group restated an "outperform" rating on shares of Walmart in a research note on Wednesday, May 21st. Citigroup restated a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Stifel Nicolaus decreased their price target on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, Piper Sandler upped their price target on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Walmart presently has an average rating of "Moderate Buy" and an average price target of $105.16.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the sale, the executive vice president now directly owns 630,518 shares of the company's stock, valued at approximately $62,421,282. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the sale, the chief executive officer now directly owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,534 shares of company stock worth $12,833,664 over the last three months. Company insiders own 45.58% of the company's stock.

Walmart Price Performance

Walmart stock traded down $1.53 during trading on Thursday, reaching $97.82. The company had a trading volume of 15,800,659 shares, compared to its average volume of 17,891,299. The firm's 50-day simple moving average is $94.33 and its 200 day simple moving average is $93.67. Walmart Inc. has a 1-year low of $65.64 and a 1-year high of $105.30. The firm has a market capitalization of $782.64 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly 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 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the previous year, the firm earned $0.60 EPS. The company's quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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

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.