6,445 Shares in Walmart Inc. (NYSE:WMT) Purchased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. purchased a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 6,445 shares of the retailer's stock, valued at approximately $566,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Horizon Financial Services LLC grew its stake in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after purchasing an additional 262 shares in the last quarter. EQ Wealth Advisors LLC purchased a new position in shares of Walmart during the 1st quarter valued at approximately $35,000. Mizuho Bank Ltd. acquired a new stake in shares of Walmart during the fourth quarter worth approximately $41,000. Nexus Investment Management ULC bought a new stake in shares of Walmart in the first quarter worth $49,000. Finally, WealthTrak Capital Management LLC acquired a new stake in Walmart in the fourth quarter valued at $53,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on WMT shares. Truist Financial raised their price objective on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. UBS Group cut their price objective on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, DA Davidson reiterated a "buy" rating and issued a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $106.67.

Insider Transactions at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 28,000 shares of the company's 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 completion of the sale, the executive vice president directly owned 1,064,455 shares of the company's stock, valued at approximately $103,252,135. This represents a 2.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 945,434 shares of the company's stock, valued at approximately $90,619,848.90. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,951 shares of company stock valued at $13,543,436. Company insiders own 45.58% of the company's stock.

Walmart Price Performance

WMT stock traded down $0.28 during trading on Wednesday, hitting $95.11. The company had a trading volume of 11,165,397 shares, compared to its average volume of 18,124,489. The business has a 50 day moving average of $96.97 and a 200 day moving average of $94.55. The firm has a market capitalization of $759.04 billion, a price-to-earnings ratio of 40.65, a P/E/G ratio of 4.59 and a beta of 0.68. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30.

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

Walmart Announces Dividend

The company 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. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's payout ratio is currently 40.17%.

About Walmart

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.