Enclave Advisors LLC Purchases 13,120 Shares of Walmart Inc. (NYSE:WMT)

Enclave Advisors LLC lifted its position in Walmart Inc. (NYSE:WMT - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 141,821 shares of the retailer's stock after buying an additional 13,120 shares during the quarter. Walmart comprises 2.1% of Enclave Advisors LLC's investment portfolio, making the stock its 13th largest holding. Enclave Advisors LLC's holdings in Walmart were worth $12,457,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WMT. FPC Investment Advisory Inc. acquired a new position in shares of Walmart during the fourth quarter worth approximately $25,000. Horizon Financial Services LLC lifted 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 worth $26,000 after buying an additional 262 shares during the last quarter. Noble Wealth Management PBC acquired a new position in shares of Walmart during the fourth quarter worth approximately $37,000. Mizuho Bank Ltd. acquired a new position in shares of Walmart during the fourth quarter worth approximately $41,000. Finally, Elevation Wealth Partners LLC lifted its holdings in shares of Walmart by 40.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer's stock worth $47,000 after buying an additional 150 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

Insider Buying and Selling at Walmart

In related news, 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 transaction of $217,800.00. Following the sale, the executive vice president now owns 630,518 shares in the company, valued at $62,421,282. This represents a 0.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,534 shares of company stock worth $12,833,664. Insiders own 45.58% of the company's stock.

Walmart Price Performance

NYSE WMT traded down $0.02 during midday trading on Monday, hitting $97.45. The company had a trading volume of 13,647,309 shares, compared to its average volume of 17,874,469. 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 twelve month low of $65.90 and a twelve month high of $105.30. The company has a market capitalization of $779.66 billion, a PE ratio of 40.43, a P/E/G ratio of 4.42 and a beta of 0.69. The firm has a 50-day moving average price of $94.71 and a 200-day moving average price of $93.92.

Walmart (NYSE:WMT - Get Free Report) last posted 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. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter in the previous year, the firm earned $0.60 EPS. Walmart's revenue was up 2.5% on a year-over-year basis. As a group, analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently commented on WMT shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Raymond James lowered their target price on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Roth Mkm reiterated a "buy" rating and issued a $108.00 price objective (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 price objective on shares of Walmart in a report on Monday. Finally, Stifel Nicolaus decreased their target price on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $105.68.

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.