WD Rutherford LLC Purchases Shares of 6,212 Walmart Inc. (NYSE:WMT)

WD Rutherford LLC purchased a new position in Walmart Inc. (NYSE:WMT - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,212 shares of the retailer's stock, valued at approximately $584,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new stake in shares of Walmart in the 4th quarter worth approximately $25,000. Horizon Financial Services LLC raised its stake in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after purchasing an additional 262 shares in the last quarter. Noble Wealth Management PBC acquired a new position in shares of Walmart in the fourth quarter valued at $37,000. Mizuho Bank Ltd. bought a new position in Walmart in the fourth quarter worth $41,000. Finally, Nexus Investment Management ULC acquired a new stake in Walmart during the first quarter worth $49,000. Institutional investors own 26.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Raymond James dropped their price objective on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Mizuho increased their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Barclays restated an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Truist Financial lifted their price objective on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, KeyCorp upped their price objective on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Two equities research 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, Walmart presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.50.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the sale, the executive vice president now directly owns 630,518 shares in the company, valued at $62,421,282. This trade represents a 0.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,760 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total transaction of $166,883.20. Following the transaction, the executive vice president now owns 520,275 shares of the company's stock, valued at approximately $49,332,475.50. This represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,534 shares of company stock valued at $12,833,664 over the last three months. Company insiders own 45.58% of the company's stock.

Walmart Price Performance

Shares of WMT stock opened at $94.28 on Tuesday. The firm has a market cap of $752.39 billion, a price-to-earnings ratio of 39.12, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 12 month low of $66.41 and a 12 month high of $105.30. 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 stock has a 50-day moving average price of $96.04 and a 200 day moving average price of $94.11.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS 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 company 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 earned $0.60 EPS. Walmart's revenue was up 2.5% on a year-over-year basis. Research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently declared 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 was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio is currently 40.17%.

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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