Walmart Inc. (NYSE:WMT) Shares Acquired by Florida Financial Advisors LLC

Florida Financial Advisors LLC raised its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 67.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,162 shares of the retailer's stock after purchasing an additional 10,170 shares during the quarter. Walmart comprises 0.9% of Florida Financial Advisors LLC's holdings, making the stock its 23rd biggest position. Florida Financial Advisors LLC's holdings in Walmart were worth $2,213,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Horizon Financial Services LLC increased 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 acquired a new position in Walmart during the 1st quarter valued at approximately $35,000. Mizuho Bank Ltd. purchased a new stake in shares of Walmart in the 4th quarter valued at $41,000. Nexus Investment Management ULC purchased a new stake in shares of Walmart in the 1st quarter valued at $49,000. Finally, WealthTrak Capital Management LLC purchased a new stake in shares of Walmart in the 4th quarter valued at $53,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the sale, the executive vice president directly owned 945,434 shares in the company, valued at $90,619,848.90. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.24, for a total transaction of $380,960.00. Following the sale, the executive vice president owned 1,060,455 shares of the company's stock, valued at approximately $100,997,734.20. The trade was a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 142,711 shares of company stock valued at $13,710,319. Corporate insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Tigress Financial upped their price objective on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Citigroup reaffirmed a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Stifel Nicolaus dropped their price objective on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. UBS Group dropped their price objective on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Truist Financial upped their price objective on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $106.67.

Walmart Stock Performance

WMT opened at $94.36 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The company has a market cap of $753.03 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 4.54 and a beta of 0.68. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30. The firm's fifty day simple moving average is $97.10 and its two-hundred day simple moving average is $94.52.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 earnings per share. Equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given 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 dividend payout ratio (DPR) is 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.

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