New Wave Wealth Advisors LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 304,780 shares of the retailer's stock after selling 10,547 shares during the period. Walmart makes up approximately 12.0% of New Wave Wealth Advisors LLC's portfolio, making the stock its biggest holding. New Wave Wealth Advisors LLC's holdings in Walmart were worth $26,757,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Walmart during the 4th quarter worth approximately $5,737,355,000. Raymond James Financial Inc. purchased a new stake in Walmart during the 4th quarter worth about $2,306,627,000. GAMMA Investing LLC lifted its holdings in Walmart by 9,896.9% during the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock worth $697,029,000 after purchasing an additional 7,860,306 shares in the last quarter. Northern Trust Corp lifted its holdings in Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares in the last quarter. Finally, APG Asset Management N.V. lifted its holdings in Walmart by 1,707.6% during the 4th quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock worth $324,410,000 after purchasing an additional 3,512,368 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.
Walmart Price Performance
Shares of WMT stock opened at $97.41 on Monday. The firm has a market cap of $777.37 billion, a P/E ratio of 41.63, a P/E/G ratio of 4.75 and a beta of 0.69. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The business's 50 day moving average price is $96.80 and its 200-day moving average price is $94.23. 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 issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion for 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 business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS. On average, equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.
Walmart Announces Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio is currently 40.17%.
Insider Transactions at Walmart
In other news, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction that occurred 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 sale, the executive vice president now directly owns 520,275 shares in the company, valued at approximately $49,332,475.50. This trade represents a 0.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the sale, the chief executive officer now owns 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. In the last three months, insiders have sold 142,711 shares of company stock worth $13,688,803. 45.58% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several analysts have weighed in on WMT shares. UBS Group lowered their price target on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Stifel Nicolaus lowered their price target on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $115.00 price target on shares of Walmart in a report on Monday, June 9th. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Oppenheimer raised their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Walmart has an average rating of "Moderate Buy" and an average price target of $106.50.
View Our Latest Analysis on WMT
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.
See Also
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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
