Tyler Stone Wealth Management Purchases 2,683 Shares of Walmart Inc. (NYSE:WMT)

Key Points

• Tyler Stone Wealth Management increased its stake in Walmart by 46.7%, acquiring an additional 2,683 shares and bringing their total holdings to 8,432 shares, valued at $740,000.
• Several institutional investors reported significant increases in their Walmart holdings, with Operose Advisors raising its stake by 319.7% and Clal Insurance Enterprises increasing theirs by 432.4%.
• Walmart's stock received "buy" ratings from multiple analysts, with a consensus target price of $109.29 following positive quarterly earnings results.

Tyler Stone Wealth Management grew its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 46.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,432 shares of the retailer's stock after acquiring an additional 2,683 shares during the period. Tyler Stone Wealth Management's holdings in Walmart were worth $740,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Operose Advisors LLC raised its stake in Walmart by 319.7% in the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after buying an additional 243 shares in the last quarter. Bear Mountain Capital Inc. raised its stake in Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after buying an additional 167 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in Walmart by 432.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after buying an additional 294 shares in the last quarter. EQ Wealth Advisors LLC bought a new position in Walmart in the first quarter worth about $35,000. Finally, Lipe & Dalton raised its stake in Walmart by 95.2% in the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after buying an additional 200 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WMT shares. Truist Financial increased their price target on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. KeyCorp upped their price objective on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Citigroup restated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. JPMorgan Chase & Co. upped their price objective on shares of Walmart from $112.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Finally, DA Davidson restated a "buy" rating and issued a $117.00 price objective on shares of Walmart in a report on Friday, May 16th. One investment analyst has 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 MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $109.29.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 28,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 1,064,455 shares in the company, valued at approximately $103,252,135. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 4,451,199 shares in the company, valued at $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 144,334 shares of company stock valued at $13,913,350 over the last three months. Insiders own 0.10% of the company's stock.

Walmart Stock Down 0.9%

WMT opened at $99.96 on Friday. 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 1-year low of $72.52 and a 1-year high of $105.30. The company has a market capitalization of $797.72 billion, a PE ratio of 42.72, a PEG ratio of 4.80 and a beta of 0.66. The firm's 50 day simple moving average is $97.60 and its two-hundred day simple moving average is $95.58.

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

Walmart Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be given a $0.235 dividend. The ex-dividend date is Friday, August 15th. This represents a yield of 90.0%. 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.

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