Walmart Inc. (NYSE:WMT) Shares Purchased by Naviter Wealth LLC

Naviter Wealth LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 25.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 92,073 shares of the retailer's stock after purchasing an additional 18,560 shares during the quarter. Walmart comprises 1.0% of Naviter Wealth LLC's portfolio, making the stock its 19th largest position. Naviter Wealth LLC's holdings in Walmart were worth $7,862,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in WMT. LaFleur & Godfrey LLC raised its position in shares of Walmart by 1.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer's stock worth $6,283,000 after purchasing an additional 992 shares during the period. Eagle Capital Management LLC raised its position in shares of Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after purchasing an additional 321 shares during the period. Brighton Jones LLC raised its position in shares of Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after purchasing an additional 21,939 shares during the period. Revolve Wealth Partners LLC grew its holdings in Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after buying an additional 485 shares in the last quarter. Finally, Highview Capital Management LLC DE increased its position in Walmart by 4.9% in the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after acquiring an additional 1,720 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Royal Bank Of Canada restated an "outperform" rating and issued a $103.00 target price (up from $102.00) on shares of Walmart in a research report on Monday, June 9th. Truist Financial raised their target price on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Telsey Advisory Group restated an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research report on Monday, June 9th. Citigroup restated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus lowered their target price on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $106.50.

Walmart Stock Performance

WMT opened at $97.41 on Monday. The firm has a market cap of $777.37 billion, a PE ratio of 41.63, a P/E/G ratio of 4.75 and a beta of 0.69. 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 business has a fifty day simple moving average of $96.80 and a 200-day simple moving average of $94.23. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30.

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, topping the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company's revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company posted $0.60 EPS. As a group, equities analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal 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 paid a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio is presently 40.17%.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 1,760 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the sale, the executive vice president now owns 520,275 shares of the company's stock, valued at $49,332,475.50. This trade represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,148 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the sale, the chief executive officer now directly owns 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. This trade represents a 0.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 142,711 shares of company stock valued at $13,688,803 in the last three months. 45.58% of the stock is currently owned by corporate insiders.

Walmart Company 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.

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