11,806 Shares in Walmart Inc. (NYSE:WMT) Purchased by TKG Advisors LLC

TKG Advisors LLC purchased a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,806 shares of the retailer's stock, valued at approximately $1,036,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Horizon Financial Services LLC raised its holdings 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 valued at $26,000 after acquiring an additional 262 shares during the last quarter. EQ Wealth Advisors LLC acquired a new position in Walmart in the 1st quarter valued at $35,000. Mizuho Bank Ltd. purchased a new position in Walmart in the 4th quarter valued at $41,000. Nexus Investment Management ULC purchased a new position in Walmart in the 1st quarter valued at $49,000. Finally, WealthTrak Capital Management LLC acquired a new stake in Walmart during the 4th quarter worth $53,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Activity

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction on 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 transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the transaction, the chief executive officer directly owned 4,451,199 shares of the company's stock, valued at $429,896,799.42. This represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 142,711 shares of company stock valued at $13,710,319. Corporate insiders own 45.58% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on WMT. The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Stifel Nicolaus reduced their price objective on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. DA Davidson reissued a "buy" rating and set a $117.00 target price on shares of Walmart in a research note on Friday, May 16th. Robert W. Baird boosted their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, UBS Group cut their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $106.67.

Walmart Stock Performance

Walmart stock traded up $0.68 during midday trading on Friday, hitting $98.29. 7,686,204 shares of the company's stock were exchanged, compared to its average volume of 18,082,978. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock has a market cap of $784.40 billion, a price-to-earnings ratio of 42.00, a price-to-earnings-growth ratio of 4.70 and a beta of 0.68. Walmart Inc. has a 12-month low of $66.67 and a 12-month high of $105.30. The firm's 50 day simple moving average is $97.07 and its 200 day simple moving average is $94.33.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business's revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. Equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders 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 was Friday, May 9th. 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.