Mutual of America Capital Management LLC lowered its position in Walmart Inc. (NYSE:WMT - Free Report) by 3.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 528,514 shares of the retailer's stock after selling 16,865 shares during the period. Walmart makes up about 0.5% of Mutual of America Capital Management LLC's investment portfolio, making the stock its 21st biggest position. Mutual of America Capital Management LLC's holdings in Walmart were worth $46,398,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of WMT. Whelan Financial lifted its stake in Walmart by 2.3% in the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after buying an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Walmart by 1.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock valued at $538,000 after buying an additional 98 shares in the last quarter. Scott & Selber Inc. lifted its stake in Walmart by 3.7% in the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock valued at $256,000 after buying an additional 105 shares in the last quarter. Capital Advisors Wealth Management LLC lifted its stake in Walmart by 1.4% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock valued at $684,000 after buying an additional 105 shares in the last quarter. Finally, Van Strum & Towne Inc. lifted its stake in Walmart by 1.6% in the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock valued at $619,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.
Walmart Stock Down 0.5%
NYSE:WMT opened at $94.36 on Friday. The company has a market capitalization of $753.03 billion, a price-to-earnings ratio of 40.32, a price-to-earnings-growth ratio of 4.54 and a beta of 0.68. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30. The stock has a 50-day simple moving average of $97.10 and a 200 day simple moving average of $94.51. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78.
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. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.60 earnings per share. Sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.
Walmart Dividend Announcement
The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued a $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio is currently 40.17%.
Insider Buying and Selling at Walmart
In other Walmart news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the transaction, the executive vice president owned 630,518 shares of the company's stock, valued at $62,421,282. This trade represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kathryn J. Mclay sold 28,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the transaction, the executive vice president directly owned 1,064,455 shares in the company, valued at $103,252,135. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 142,711 shares of company stock worth $13,710,319. Insiders own 45.58% of the company's stock.
Analyst Ratings Changes
A number of brokerages have weighed in on WMT. Tigress Financial increased their price target on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group reissued a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Royal Bank Of Canada reissued an "outperform" rating and set a $103.00 price target (up previously from $102.00) on shares of Walmart in a research note on Monday, June 9th. Oppenheimer increased their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, Raymond James Financial reduced their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $106.67.
Check Out Our Latest Stock Analysis on Walmart
About Walmart
(
Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Walmart, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walmart wasn't on the list.
While Walmart currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
