Walmart Inc. (NYSE:WMT) Shares Acquired by William B. Walkup & Associates Inc.

Key Points

• William B. Walkup & Associates Inc. increased its holdings in Walmart Inc. by 4.2%, owning a total of 73,839 shares valued at approximately $6.48 million.
• Walmart's CEO, C. Douglas McMillon, sold 29,148 shares of the company's stock for over $2.8 million, which decreased his position by 0.65%.
• Walmart reported $165.61 billion in revenue for the most recent quarter and an earnings per share (EPS) of $0.61, exceeding analyst estimates.

William B. Walkup & Associates Inc. increased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 73,839 shares of the retailer's stock after purchasing an additional 2,947 shares during the period. Walmart makes up approximately 4.0% of William B. Walkup & Associates Inc.'s holdings, making the stock its 5th largest position. William B. Walkup & Associates Inc.'s holdings in Walmart were worth $6,482,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Whelan Financial raised its holdings in Walmart by 2.3% in the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after acquiring an additional 97 shares in the last quarter. Bedel Financial Consulting Inc. raised its holdings in Walmart by 0.4% in the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock valued at $2,275,000 after acquiring an additional 102 shares in the last quarter. Scott & Selber Inc. raised its holdings in Walmart by 3.7% in the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock valued at $256,000 after acquiring an additional 105 shares in the last quarter. Capital Advisors Wealth Management LLC raised its holdings in Walmart by 1.4% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock valued at $684,000 after acquiring an additional 105 shares in the last quarter. Finally, Lauterbach Financial Advisors LLC raised its holdings in Walmart by 1.8% in the 1st quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock valued at $517,000 after acquiring an additional 106 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,148 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the sale, the chief executive officer owned 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. This trade represents a 0.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kathryn J. Mclay sold 28,000 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total value of $2,716,000.00. Following the sale, the executive vice president directly owned 1,064,455 shares in the company, valued at $103,252,135. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,112 shares of company stock valued at $14,080,073 over the last 90 days. Company insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 target price on shares of Walmart in a report on Monday, June 9th. Evercore ISI increased their target price on Walmart from $107.00 to $108.00 and gave the stock an "outperform" rating in a report on Tuesday. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Citigroup restated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Finally, KeyCorp boosted their price target on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. One analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Walmart currently has an average rating of "Buy" and a consensus price target of $106.70.

Walmart Stock Down 0.2%

NYSE:WMT opened at $103.68 on Wednesday. Walmart Inc. has a 12-month low of $67.14 and a 12-month high of $105.30. 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 firm has a market capitalization of $827.41 billion, a P/E ratio of 44.31, a P/E/G ratio of 5.00 and a beta of 0.66. The stock's fifty day simple moving average is $97.46 and its 200-day simple moving average is $95.51.

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

Walmart Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be given a $0.235 dividend. This represents a dividend yield of 90.0%. The ex-dividend date is Friday, August 15th. Walmart's dividend payout ratio (DPR) is currently 40.17%.

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.

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