Crestwood Advisors Group LLC Raises Stock Holdings in Walmart Inc. (NYSE:WMT)

Crestwood Advisors Group LLC grew its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 18.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,974 shares of the retailer's stock after acquiring an additional 8,675 shares during the quarter. Crestwood Advisors Group LLC's holdings in Walmart were worth $4,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMT. World Investment Advisors lifted its holdings in Walmart by 7.6% during the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock valued at $24,532,000 after purchasing an additional 19,233 shares during the last quarter. Full Sail Capital LLC lifted its holdings in Walmart by 6.6% during the fourth quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock valued at $786,000 after purchasing an additional 541 shares during the last quarter. Leslie Global Wealth LLC lifted its holdings in Walmart by 22.0% during the fourth quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock valued at $285,000 after purchasing an additional 568 shares during the last quarter. Scalar Gauge Management LLC lifted its holdings in Walmart by 76.9% during the fourth quarter. Scalar Gauge Management LLC now owns 69,000 shares of the retailer's stock valued at $6,234,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Monument Capital Management lifted its holdings in shares of Walmart by 94.2% in the first quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock worth $4,829,000 after buying an additional 26,685 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $97.19, for a total transaction of $1,887,041.04. Following the transaction, the chief executive officer owned 4,431,783 shares of the company's stock, valued at approximately $430,724,989.77. The trade was a 0.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction on Friday, June 20th. The shares were 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 directly owned 1,060,455 shares in the company, valued at $100,997,734.20. This trade represents a 0.38% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,820 shares of company stock worth $14,584,875. Company insiders own 45.58% of the company's stock.

Walmart Stock Performance

Shares of WMT stock traded up $0.20 during trading hours on Tuesday, reaching $95.87. 9,040,232 shares of the company traded hands, compared to its average volume of 18,123,519. The firm has a 50-day moving average price of $96.81 and a 200 day moving average price of $94.68. 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 Inc. has a 12-month low of $66.67 and a 12-month high of $105.30. The company has a market cap of $765.10 billion, a P/E ratio of 37.96, a P/E/G ratio of 4.60 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the previous year, the firm earned $0.60 EPS. The firm's revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were issued 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 (DPR) is 40.17%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WMT shares. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Tigress Financial upped their price objective on shares of Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Robert W. Baird upped their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, DA Davidson restated a "buy" rating and issued a $117.00 price objective on shares of Walmart in a research report on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.