Signal Advisors Wealth LLC Has $6.49 Million Stock Position in Walmart Inc. (NYSE:WMT)

Signal Advisors Wealth LLC grew its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 73,922 shares of the retailer's stock after purchasing an additional 5,315 shares during the quarter. Signal Advisors Wealth LLC's holdings in Walmart were worth $6,489,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. FPC Investment Advisory Inc. acquired a new stake in Walmart during the fourth quarter worth about $25,000. Horizon Financial Services LLC grew its position in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after buying an additional 262 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in Walmart during the fourth quarter worth about $37,000. Mizuho Bank Ltd. acquired a new stake in Walmart during the fourth quarter worth about $41,000. Finally, Elevation Wealth Partners LLC grew its position in Walmart by 40.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer's stock worth $47,000 after buying an additional 150 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WMT shares. JPMorgan Chase & Co. lifted their target price on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Royal Bank of Canada reissued an "outperform" rating and set a $102.00 target price on shares of Walmart in a research report on Friday, May 16th. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Finally, Roth Mkm restated a "buy" rating and set a $108.00 price target (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $105.16.

Walmart Trading Down 0.5%

WMT stock traded down $0.50 during trading on Friday, hitting $97.46. The company had a trading volume of 15,583,112 shares, compared to its average volume of 17,900,703. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $94.71 and a 200-day moving average price of $93.84. Walmart Inc. has a 12 month low of $65.64 and a 12 month high of $105.30. The stock has a market cap of $779.77 billion, a price-to-earnings ratio of 40.44, a PEG ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last posted 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. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter in the previous year, the company posted $0.60 EPS. Walmart's revenue was up 2.5% on a year-over-year basis. As a group, analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors 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 (DPR) is presently 40.17%.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the sale, the chief executive officer now owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the sale, the executive vice president now owns 888,309 shares of the company's stock, valued at $76,350,158.55. This represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,534 shares of company stock worth $12,833,664 in the last quarter. Insiders own 45.58% of the company's stock.

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.