49 Wealth Management LLC Purchases 7,390 Shares of Walmart Inc. (NYSE:WMT)

49 Wealth Management LLC increased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 77.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,988 shares of the retailer's stock after purchasing an additional 7,390 shares during the period. 49 Wealth Management LLC's holdings in Walmart were worth $1,491,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Whelan Financial raised its holdings in shares of Walmart by 2.3% during the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock worth $392,000 after buying an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Walmart by 1.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock worth $538,000 after buying an additional 98 shares in the last quarter. Scott & Selber Inc. raised its holdings in shares of Walmart by 3.7% during the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock worth $256,000 after buying an additional 105 shares in the last quarter. Capital Advisors Wealth Management LLC raised its holdings in shares of Walmart by 1.4% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock worth $684,000 after buying an additional 105 shares in the last quarter. Finally, Van Strum & Towne Inc. grew its position in Walmart by 1.6% during the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock worth $619,000 after acquiring an additional 108 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WMT. Raymond James Financial reduced their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Stifel Nicolaus reduced their price objective on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. DA Davidson restated a "buy" rating and set a $117.00 price objective on shares of Walmart in a research report on Friday, May 16th. Finally, Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $106.67.

Walmart Stock Performance

Shares of NYSE:WMT traded down $2.24 during trading on Tuesday, hitting $97.11. 16,858,959 shares of the company were exchanged, compared to its average volume of 18,043,659. The company has a market cap of $774.98 billion, a PE ratio of 41.50, a P/E/G ratio of 4.73 and a beta of 0.68. The stock has a 50 day moving average of $97.22 and a 200 day moving average of $94.41. Walmart Inc. has a 52-week low of $66.67 and a 52-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.

Walmart (NYSE:WMT - Get Free Report) last posted its 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. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate 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 business posted $0.60 earnings per share. As a group, equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were given a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio is currently 40.17%.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total value of $216,568.00. Following the completion of the transaction, the executive vice president owned 628,318 shares of the company's stock, valued at $61,851,623.92. The trade was a 0.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction on Friday, June 20th. The shares were 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 in the company, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,711 shares of company stock valued at $13,710,319. 45.58% of the stock is currently owned by corporate insiders.

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.