Walmart Inc. (NYSE:WMT) Shares Bought by MBE Wealth Management LLC

MBE Wealth Management LLC raised its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 46.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,426 shares of the retailer's stock after buying an additional 2,975 shares during the quarter. MBE Wealth Management LLC's holdings in Walmart were worth $827,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Whelan Financial grew its stake in Walmart by 2.3% during 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. Annis Gardner Whiting Capital Advisors LLC boosted 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 purchasing an additional 98 shares during the last quarter. Coyle Financial Counsel LLC grew its position in shares of Walmart by 3.1% in the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock valued at $310,000 after purchasing an additional 102 shares in the last quarter. Van Strum & Towne Inc. increased its holdings in shares of Walmart by 1.6% in the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock valued at $619,000 after purchasing an additional 108 shares during the last quarter. Finally, Planning Center Inc. lifted its position in Walmart by 1.8% during the first quarter. Planning Center Inc. now owns 6,018 shares of the retailer's stock worth $528,000 after buying an additional 108 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Up 1.1%

Walmart stock opened at $96.16 on Monday. The firm has a market capitalization of $767.41 billion, a P/E ratio of 41.10, a P/E/G ratio of 4.69 and a beta of 0.69. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Walmart Inc. has a twelve month low of $66.55 and a twelve month high of $105.30. The stock's fifty day simple moving average is $96.39 and its 200-day simple moving average is $94.14.

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, topping the consensus estimate of $0.58 by $0.03. The company 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%. Walmart's revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 EPS. As a group, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were issued a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio (DPR) is 40.17%.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $94.77, for a total value of $166,795.20. Following the sale, the executive vice president now directly owns 650,977 shares of the company's stock, valued at $61,693,090.29. This trade represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,294 shares of company stock worth $12,656,659 in the last 90 days. Corporate insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WMT shares. Mizuho upped their target price on Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, June 9th. UBS Group lowered their price target on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Raymond James Financial cut their price objective on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Robert W. Baird boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $103.00 price target (up previously from $102.00) on shares of Walmart in a research note on Monday, June 9th. Two 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 data from MarketBeat.com, Walmart has an average rating of "Moderate Buy" and a consensus target price of $106.50.

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.

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