Foundations Investment Advisors LLC Has $11.69 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Key Points

• Foundations Investment Advisors LLC increased its stake in Walmart by 43.6%, acquiring a total of 133,149 shares valued at approximately $11.7 million.
• Walmart reported earnings of $0.61 per share, exceeding analysts' expectations, with a revenue of $165.61 billion for the latest quarter.
• Walmart declared a $0.235 dividend, which translates to a yield of 0.95%, with a payout ratio of 40.17%.

Foundations Investment Advisors LLC raised its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 43.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 133,149 shares of the retailer's stock after acquiring an additional 40,397 shares during the quarter. Foundations Investment Advisors LLC's holdings in Walmart were worth $11,689,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. KFA Private Wealth Group LLC lifted its holdings in Walmart by 14.9% in the 1st quarter. KFA Private Wealth Group LLC now owns 6,479 shares of the retailer's stock valued at $569,000 after acquiring an additional 838 shares during the last quarter. Graham Capital Wealth Management LLC acquired a new stake in Walmart in the 1st quarter valued at about $243,000. Maridea Wealth Management LLC acquired a new stake in Walmart in the 1st quarter valued at about $740,000. Schubert & Co lifted its stake in Walmart by 5.6% during the first quarter. Schubert & Co now owns 3,039 shares of the retailer's stock valued at $267,000 after buying an additional 162 shares in the last quarter. Finally, AGP Franklin LLC lifted its stake in Walmart by 12.8% during the first quarter. AGP Franklin LLC now owns 23,373 shares of the retailer's stock valued at $2,196,000 after buying an additional 2,652 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $95.14, for a total value of $380,560.00. Following the completion of the sale, the executive vice president directly owned 1,056,455 shares of the company's stock, valued at approximately $100,511,128.70. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,912 shares of company stock worth $13,863,813 in the last quarter. 45.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Tigress Financial upped their price objective on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. KeyCorp upped their price objective on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Citigroup reaffirmed a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Truist Financial upped their target price on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, DA Davidson reiterated a "buy" rating and issued a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $106.67.

Walmart Stock Up 0.6%

Shares of WMT stock traded up $0.55 during trading on Thursday, reaching $98.14. The company's stock had a trading volume of 6,625,860 shares, compared to its average volume of 19,110,559. The business has a fifty day moving average price of $96.78 and a 200-day moving average price of $94.93. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The company has a market cap of $783.20 billion, a price-to-earnings ratio of 41.95, a price-to-earnings-growth ratio of 4.73 and a beta of 0.68. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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

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.