Walmart Inc. (NYSE:WMT) Stock Position Raised by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC lifted its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 28.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,665 shares of the retailer's stock after buying an additional 10,740 shares during the period. Walmart makes up approximately 0.9% of Wealth Alliance Advisory Group LLC's portfolio, making the stock its 24th largest position. Wealth Alliance Advisory Group LLC's holdings in Walmart were worth $4,272,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new position in Walmart during the 4th quarter worth about $25,000. Horizon Financial Services LLC grew its position in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares in the last quarter. Noble Wealth Management PBC purchased a new stake in Walmart during the fourth quarter worth about $37,000. Mizuho Bank Ltd. acquired a new stake in shares of Walmart during the fourth quarter worth about $41,000. Finally, Elevation Wealth Partners LLC boosted its stake in shares of Walmart by 40.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer's stock valued at $47,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now directly owns 888,309 shares of the company's stock, valued at $76,350,158.55. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

WMT has been the topic of several recent research reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Evercore ISI increased their price objective on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday. Barclays reissued an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. JPMorgan Chase & Co. increased their price target on Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Finally, Stifel Nicolaus decreased their price objective on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $105.16.

Walmart Stock Down 1.5%

NYSE WMT traded down $1.53 during mid-day trading on Thursday, reaching $97.82. 15,800,659 shares of the company's stock traded hands, compared to its average volume of 17,879,710. The company has a fifty day simple moving average of $94.33 and a 200-day simple moving average of $93.67. Walmart Inc. has a 1-year low of $65.64 and a 1-year high of $105.30. The company has a market cap of $782.64 billion, a price-to-earnings ratio of 40.59, a P/E/G ratio of 4.42 and a beta of 0.69. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) 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 analysts' expectations of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Walmart's revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. As a group, equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders 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 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.