Brogan Financial Inc. Buys 4,870 Shares of Walmart Inc. (NYSE:WMT)

Brogan Financial Inc. raised its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 96.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,931 shares of the retailer's stock after buying an additional 4,870 shares during the quarter. Walmart comprises about 0.4% of Brogan Financial Inc.'s investment portfolio, making the stock its 12th biggest position. Brogan Financial Inc.'s holdings in Walmart were worth $872,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. STAR Financial Bank boosted its holdings in shares of Walmart by 6.1% during the first quarter. STAR Financial Bank now owns 4,409 shares of the retailer's stock worth $387,000 after purchasing an additional 255 shares during the last quarter. St. Louis Trust Co raised its position in shares of Walmart by 22.7% in the 1st quarter. St. Louis Trust Co now owns 18,411 shares of the retailer's stock worth $1,616,000 after buying an additional 3,411 shares during the period. AMG National Trust Bank raised its position in shares of Walmart by 4.1% in the 1st quarter. AMG National Trust Bank now owns 67,258 shares of the retailer's stock worth $5,905,000 after buying an additional 2,671 shares during the period. Private Advisor Group LLC raised its position in shares of Walmart by 0.5% in the 1st quarter. Private Advisor Group LLC now owns 753,887 shares of the retailer's stock worth $66,184,000 after buying an additional 4,105 shares during the period. Finally, Nwam LLC raised its position in shares of Walmart by 3.8% in the 1st quarter. Nwam LLC now owns 22,482 shares of the retailer's stock worth $1,974,000 after buying an additional 825 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 1,744 shares of the stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $95.60, for a total value of $166,726.40. Following the completion of the sale, the executive vice president directly owned 649,233 shares of the company's stock, valued at $62,066,674.80. This represents a 0.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction 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 approximately $61,851,623.92. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 142,695 shares of company stock valued at $13,710,162. 45.58% of the stock is owned by company insiders.

Walmart Price Performance

Shares of NYSE WMT traded down $0.08 during trading on Friday, hitting $95.01. The company had a trading volume of 14,622,243 shares, compared to its average volume of 18,156,813. The company has a market cap of $758.22 billion, a P/E ratio of 40.60, a PEG ratio of 4.57 and a beta of 0.68. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30. The business's 50-day moving average is $96.81 and its 200 day moving average is $94.62. 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 (NYSE:WMT - Get Free Report) last released its quarterly earnings data 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. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the prior year, the business earned $0.60 EPS. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts predict 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. Shareholders of record on Monday, May 12th were given a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio is 40.17%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on WMT shares. The Goldman Sachs Group reissued a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Royal Bank Of Canada reissued an "outperform" rating and issued a $103.00 price objective (up from $102.00) on shares of Walmart in a research report on Monday, June 9th. UBS Group cut their price objective on 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 Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a research report on Monday, June 9th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Walmart currently has an average rating of "Moderate Buy" and a consensus price target of $106.67.

Walmart 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.