NBC Securities Inc. Acquires 104,564 Shares of Walmart Inc. (NYSE:WMT)

NBC Securities Inc. increased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 94,201.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 104,675 shares of the retailer's stock after acquiring an additional 104,564 shares during the period. Walmart makes up about 0.8% of NBC Securities Inc.'s holdings, making the stock its 12th biggest position. NBC Securities Inc.'s holdings in Walmart were worth $9,189,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart in the 4th quarter valued at about $25,000. Horizon Financial Services LLC raised its stake in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. bought a new stake in Walmart during the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new position in Walmart in the 4th quarter worth approximately $37,000. Finally, Mizuho Bank Ltd. purchased a new stake in shares of Walmart during the 4th quarter valued at $41,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on WMT. Truist Financial upped their target price on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Oppenheimer increased their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Citigroup reissued a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Erste Group Bank lowered Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Barclays reissued an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.16.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $97.37, for a total transaction of $214,214.00. Following the completion of the transaction, the executive vice president now owns 632,718 shares in the company, valued at $61,607,751.66. This trade represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the sale, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,334 shares of company stock valued at $12,615,864 over the last ninety days. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Down 0.6%

WMT stock traded down $0.59 during midday trading on Wednesday, hitting $99.39. The stock had a trading volume of 10,829,902 shares, compared to its average volume of 17,875,496. The business has a 50-day moving average of $94.05 and a two-hundred day moving average of $93.63. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The firm has a market cap of $795.21 billion, a price-to-earnings ratio of 41.24, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 52-week low of $65.64 and a 52-week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter in the previous year, the business posted $0.60 EPS. The company's quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio is currently 40.17%.

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.