Larson Financial Group LLC Raises Position in Walmart Inc. (NYSE:WMT)

Larson Financial Group LLC boosted its position in Walmart Inc. (NYSE:WMT - Free Report) by 33.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 45,028 shares of the retailer's stock after purchasing an additional 11,252 shares during the period. Larson Financial Group LLC's holdings in Walmart were worth $3,953,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of WMT. Horizon Financial Services LLC raised its position in shares of 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 buying an additional 262 shares in the last quarter. EQ Wealth Advisors LLC bought a new stake in shares of Walmart during the first quarter worth $35,000. Mizuho Bank Ltd. bought a new stake in shares of Walmart during the fourth quarter worth $41,000. Nexus Investment Management ULC acquired a new position in shares of Walmart during the first quarter worth $49,000. Finally, WealthTrak Capital Management LLC acquired a new position in shares of Walmart during the fourth quarter worth $53,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on WMT shares. Mizuho lifted their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, June 9th. Tigress Financial lifted their price target on shares of Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Erste Group Bank lowered shares of Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Evercore ISI lifted their price target on shares of Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, Oppenheimer lifted their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Walmart has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.

Insider Activity at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the sale, the executive vice president directly owned 945,434 shares in the company, valued at approximately $90,619,848.90. This represents a 1.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the sale, the chief executive officer owned 4,451,199 shares in the company, valued at $429,896,799.42. This represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,951 shares of company stock valued at $13,543,436 over the last quarter. 45.58% of the stock is currently owned by insiders.

Walmart Stock Down 0.4%

WMT stock traded down $0.36 during trading on Tuesday, reaching $95.42. The stock had a trading volume of 10,436,778 shares, compared to its average volume of 18,119,129. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30. 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's 50 day moving average is $97.03 and its two-hundred day moving average is $94.55. The company has a market capitalization of $761.49 billion, a price-to-earnings ratio of 40.78, a P/E/G ratio of 4.61 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the prior year, the firm earned $0.60 EPS. The company's revenue was up 2.5% compared to the same quarter last year. Equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

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