Trust Investment Advisors Purchases Shares of 4,731 Walmart Inc. (NYSE:WMT)

Trust Investment Advisors purchased a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,731 shares of the retailer's stock, valued at approximately $415,000.

Other hedge funds have also recently bought and sold shares of the company. Whelan Financial boosted its stake in shares of Walmart by 2.3% during the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock worth $392,000 after acquiring an additional 97 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Walmart by 1.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock worth $538,000 after acquiring an additional 98 shares during the period. Scott & Selber Inc. boosted its stake in shares of Walmart by 3.7% during the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock worth $256,000 after acquiring an additional 105 shares during the period. Capital Advisors Wealth Management LLC boosted its stake in shares of Walmart by 1.4% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock worth $684,000 after acquiring an additional 105 shares during the period. Finally, Planning Center Inc. boosted its stake in shares of Walmart by 1.8% during the 1st quarter. Planning Center Inc. now owns 6,018 shares of the retailer's stock worth $528,000 after acquiring an additional 108 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the transaction, the chief executive officer owned 4,451,199 shares of the company's stock, valued at $429,896,799.42. This represents a 0.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the company's 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 completion of the transaction, the executive vice president directly owned 630,518 shares of the company's stock, valued at approximately $62,421,282. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 142,695 shares of company stock worth $13,710,162 in the last 90 days. 45.58% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 target price on shares of Walmart in a research note on Monday, June 9th. Mizuho lifted their target price on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. KeyCorp lifted their price target on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Raymond James Financial reduced their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Two equities research 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $106.67.

Walmart Price Performance

Shares of Walmart stock traded up $0.02 during trading on Friday, reaching $95.11. 4,988,795 shares of the company's stock were exchanged, compared to its average volume of 18,063,812. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. Walmart Inc. has a 1-year low of $66.67 and a 1-year high of $105.30. The company has a market cap of $759.04 billion, a P/E ratio of 40.65, a PEG ratio of 4.58 and a beta of 0.68. The firm's 50-day moving average price is $96.85 and its 200 day moving average price is $94.59.

Walmart (NYSE:WMT - Get Free Report) last issued its 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. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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