Walmart Inc. (NYSE:WMT) Shares Bought by Retirement Planning Co of New England Inc.

Retirement Planning Co of New England Inc. raised its stake in Walmart Inc. (NYSE:WMT - Free Report) by 178.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,347 shares of the retailer's stock after acquiring an additional 18,822 shares during the quarter. Retirement Planning Co of New England Inc.'s holdings in Walmart were worth $2,576,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Eagle Capital Management LLC raised its stake in shares of Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after buying an additional 321 shares during the period. Brighton Jones LLC increased its position in shares of Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after purchasing an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after purchasing an additional 485 shares in the last quarter. Highview Capital Management LLC DE increased its position in shares of Walmart by 4.9% during the fourth quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock worth $3,338,000 after purchasing an additional 1,720 shares in the last quarter. Finally, Madison Investment Advisors LLC purchased a new stake in shares of Walmart during the fourth quarter worth approximately $242,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Down 0.1%

Shares of WMT traded down $0.08 during midday trading on Friday, hitting $95.01. The company had a trading volume of 14,622,243 shares, compared to its average volume of 18,101,155. The company's 50-day simple moving average is $96.85 and its 200-day simple moving average is $94.59. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The firm has a market capitalization of $758.22 billion, a P/E ratio of 40.60, a P/E/G ratio of 4.58 and a beta of 0.68. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 21.76% and a net margin of 2.75%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. As a group, sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current 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 dividend of $0.235 per share. 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 presently 40.17%.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the sale, the executive vice president owned 945,434 shares of the company's stock, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the sale, the executive vice president directly owned 628,318 shares in the company, valued at $61,851,623.92. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 142,695 shares of company stock worth $13,710,162. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on WMT shares. Stifel Nicolaus dropped their price target on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Tigress Financial boosted their price target on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. DA Davidson reiterated a "buy" rating and set a $117.00 price target on shares of Walmart in a research report on Friday, May 16th. Telsey Advisory Group restated an "outperform" rating and issued a $115.00 target price on shares of Walmart in a report on Monday, June 9th. Finally, Truist Financial upped their target price on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Two investment 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 company has a consensus rating of "Moderate Buy" and a consensus price target of $106.67.

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.