Robbins Farley Has $5.45 Million Stake in Walmart Inc. (NYSE:WMT)

Robbins Farley raised its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 34.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,083 shares of the retailer's stock after purchasing an additional 15,883 shares during the period. Walmart accounts for 2.9% of Robbins Farley's portfolio, making the stock its 5th largest position. Robbins Farley's holdings in Walmart were worth $5,450,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Walmart in the fourth quarter valued at $5,737,355,000. Raymond James Financial Inc. acquired a new stake in shares of Walmart in the 4th quarter worth about $2,306,627,000. GAMMA Investing LLC increased its stake in Walmart by 9,896.9% during the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock valued at $697,029,000 after buying an additional 7,860,306 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock worth $2,893,079,000 after purchasing an additional 3,927,173 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Walmart by 8.9% in 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 during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Truist Financial raised their target price on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Evercore ISI raised their target price on shares of Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Royal Bank of Canada reiterated an "outperform" rating and issued a $103.00 target price (up from $102.00) on shares of Walmart in a report on Monday, June 9th. Piper Sandler raised their target price on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $106.50.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business'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 transaction, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,534 shares of company stock worth $12,833,664. Company insiders own 45.58% of the company's stock.

Walmart Price Performance

Shares of WMT traded down $0.63 during trading hours on Friday, hitting $94.20. The stock had a trading volume of 18,672,575 shares, compared to its average volume of 17,944,516. The company's fifty day moving average is $95.79 and its two-hundred day moving average is $94.08. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a 52 week low of $66.41 and a 52 week high of $105.30. The stock has a market capitalization of $751.76 billion, a price-to-earnings ratio of 39.09, a P/E/G ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results 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 business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid a $0.235 dividend. This represents a dividend 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%.

About Walmart

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.