Walmart Inc. (NYSE:WMT) Shares Purchased by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC increased its position in Walmart Inc. (NYSE:WMT - Free Report) by 85.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 7,070 shares of the retailer's stock after acquiring an additional 3,267 shares during the quarter. Gateway Wealth Partners LLC's holdings in Walmart were worth $621,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in WMT. Horizon Financial Services LLC boosted its stake in Walmart by 1,007.7% in 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 in the last quarter. EQ Wealth Advisors LLC purchased a new stake in Walmart in the first quarter worth approximately $35,000. Mizuho Bank Ltd. purchased a new stake in Walmart in the fourth quarter worth approximately $41,000. Nexus Investment Management ULC purchased a new stake in Walmart in the first quarter worth approximately $49,000. Finally, WealthTrak Capital Management LLC purchased a new stake in Walmart in the fourth quarter worth approximately $53,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WMT. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Tigress Financial boosted their price objective on Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Erste Group Bank downgraded Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Evercore ISI boosted their price objective on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $106.67.

Walmart Trading Down 0.5%

Shares of WMT traded down $0.50 during trading hours on Friday, hitting $94.36. 14,577,628 shares of the stock were exchanged, compared to its average volume of 18,135,436. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The business has a 50-day moving average of $97.10 and a 200-day moving average of $94.51. The firm has a market capitalization of $753.03 billion, a P/E ratio of 40.32, a price-to-earnings-growth ratio of 4.54 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS 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 analyst estimates of $164.53 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The company's revenue for the quarter was up 2.5% on a year-over-year basis. On average, research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently disclosed 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 dividend payout ratio (DPR) is presently 40.17%.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $97.19, for a total transaction of $1,887,041.04. Following the sale, the chief executive officer owned 4,431,783 shares in the company, valued at approximately $430,724,989.77. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $95.24, for a total transaction of $380,960.00. Following the sale, the executive vice president directly owned 1,060,455 shares of the company's stock, valued at approximately $100,997,734.20. This trade represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,711 shares of company stock worth $13,710,319. 45.58% of the stock is owned by insiders.

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.