Xponance Inc. Purchases 16,767 Shares of Walmart Inc. (NYSE:WMT)

Xponance Inc. increased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 2.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 706,762 shares of the retailer's stock after buying an additional 16,767 shares during the quarter. Walmart accounts for about 0.6% of Xponance Inc.'s portfolio, making the stock its 23rd biggest holding. Xponance Inc.'s holdings in Walmart were worth $62,047,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WMT. Horizon Financial Services LLC grew its holdings in shares of Walmart by 1,007.7% during 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 bought a new position in Walmart in the first quarter valued at approximately $35,000. Mizuho Bank Ltd. bought a new position in Walmart in the fourth quarter valued at approximately $41,000. Nexus Investment Management ULC bought a new position in Walmart in the first quarter valued at approximately $49,000. Finally, WealthTrak Capital Management LLC bought a new position in Walmart in the fourth quarter valued at approximately $53,000. 26.76% of the stock is currently owned by institutional investors.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the transaction, the executive vice president owned 628,318 shares in the company, valued at approximately $61,851,623.92. This represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $95.24, for a total value of $380,960.00. Following the completion of the transaction, the executive vice president owned 1,060,455 shares in the company, valued at approximately $100,997,734.20. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 142,711 shares of company stock worth $13,710,319 over the last quarter. 45.58% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on WMT shares. Evercore ISI raised their price target on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Mizuho lifted their target price on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. Truist Financial lifted their target price on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 target price on shares of Walmart in a research note on Monday, June 9th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Walmart presently has an average rating of "Moderate Buy" and a consensus price target of $106.67.

Walmart Trading Down 0.5%

Shares of WMT stock traded down $0.50 on Friday, hitting $94.36. The company had a trading volume of 14,577,628 shares, compared to its average volume of 18,111,476. The firm has a market cap of $753.03 billion, a P/E ratio of 40.32, a P/E/G ratio of 4.57 and a beta of 0.68. The stock's 50-day moving average is $97.19 and its two-hundred day moving average is $94.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The company 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. On average, equities research 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. Investors of record on Monday, May 12th were given a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's payout ratio is 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.