Toth Financial Advisory Corp Has $11.56 Million Stock Position in Walmart Inc. (NYSE:WMT)

Toth Financial Advisory Corp lowered its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 131,716 shares of the retailer's stock after selling 6,392 shares during the period. Walmart comprises 1.4% of Toth Financial Advisory Corp's holdings, making the stock its 17th largest holding. Toth Financial Advisory Corp's holdings in Walmart were worth $11,563,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WMT. FPC Investment Advisory Inc. bought a new stake in shares of Walmart in the 4th quarter valued at about $25,000. Horizon Financial Services LLC lifted its stake in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after acquiring an additional 262 shares during the period. Noble Wealth Management PBC bought a new stake in Walmart in the fourth quarter valued at approximately $37,000. Mizuho Bank Ltd. bought a new stake in Walmart in the fourth quarter valued at approximately $41,000. Finally, Elevation Wealth Partners LLC increased its position in Walmart by 40.0% during the 4th quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer's stock valued at $47,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WMT. JPMorgan Chase & Co. boosted their price target on shares of Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Raymond James dropped their target price on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price target (up previously from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Stifel Nicolaus decreased their price target on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Finally, Guggenheim reissued a "buy" rating and issued a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walmart has a consensus rating of "Moderate Buy" and an average price target of $105.16.

Walmart Stock Performance

Shares of Walmart stock opened at $97.46 on Monday. The business's fifty day simple moving average is $94.71 and its 200 day simple moving average is $93.92. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12 month low of $65.90 and a 12 month high of $105.30. The firm has a market capitalization of $779.77 billion, a P/E ratio of 40.44, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business's revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.60 EPS. As a group, analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were paid a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's payout ratio is 40.17%.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction of $217,800.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the transaction, the chief executive officer now directly owns 4,451,199 shares in the company, valued at $429,896,799.42. This represents a 0.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,534 shares of company stock valued at $12,833,664 in the last three months. Company insiders own 45.58% of the company's stock.

Walmart 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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