Arkfeld Wealth Strategies L.L.C. Raises Stock Position in Walmart Inc. (NYSE:WMT)

Arkfeld Wealth Strategies L.L.C. increased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 46.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,920 shares of the retailer's stock after acquiring an additional 11,127 shares during the period. Walmart makes up about 1.3% of Arkfeld Wealth Strategies L.L.C.'s portfolio, making the stock its 17th largest holding. Arkfeld Wealth Strategies L.L.C.'s holdings in Walmart were worth $3,129,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. FPC Investment Advisory Inc. acquired a new stake in Walmart during the 4th quarter worth approximately $25,000. Horizon Financial Services LLC raised its position in Walmart by 1,007.7% in 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 during the last quarter. Noble Wealth Management PBC purchased a new position in shares of Walmart during the fourth quarter worth about $37,000. Mizuho Bank Ltd. acquired a new position in Walmart in the 4th quarter valued at $41,000. Finally, Elevation Wealth Partners LLC lifted its holdings in shares of Walmart by 40.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer's stock valued at $47,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Stock Down 0.5%

Shares of NYSE WMT traded down $0.50 during trading on Friday, hitting $97.46. 15,583,112 shares of the company traded hands, compared to its average volume of 17,900,687. The business's fifty day moving average is $94.53 and its 200 day moving average is $93.76. Walmart Inc. has a fifty-two week low of $65.64 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The firm has a market capitalization of $779.77 billion, a price-to-earnings ratio of 40.44, a P/E/G ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data 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 net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. Equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction that occurred on 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 sale, the executive vice president now owns 630,518 shares of the company's stock, valued at $62,421,282. This represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on 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 directly owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. This trade represents a 0.45% 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 quarter. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. KeyCorp upped their price target on Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. DZ Bank raised Walmart from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research report on Tuesday, February 25th. Mizuho assumed coverage on Walmart in a research report on Friday, April 11th. They issued an "outperform" rating and a $105.00 price objective on the stock. Truist Financial raised their price target on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Wall Street Zen raised shares of Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Walmart presently has an average rating of "Moderate Buy" and a consensus target price of $105.16.

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.