Wellington Management Group LLP Acquires 5,664,484 Shares of Walmart Inc. $WMT

Key Points

• Wellington Management Group LLP significantly increased its investment in Walmart by acquiring an additional 5,664,484 shares, boosting its total holdings by 527.1% in the first quarter.
• Several hedge funds have also increased their positions in Walmart, contributing to institutional investors owning approximately 26.76% of the company's stock.
• Walmart announced a $0.235 dividend to be paid on September 2nd, with an ex-dividend date of August 15th, reflecting a dividend yield of 90.0%.

Wellington Management Group LLP raised its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 527.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,739,038 shares of the retailer's stock after acquiring an additional 5,664,484 shares during the quarter. Wellington Management Group LLP owned approximately 0.08% of Walmart worth $591,620,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Whelan Financial grew its position 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 acquiring an additional 97 shares during the last quarter. Bedel Financial Consulting Inc. grew its position in shares of Walmart by 0.4% during the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock worth $2,275,000 after buying an additional 102 shares in the last quarter. Scott & Selber Inc. grew its position in shares of Walmart by 3.7% during the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock worth $256,000 after buying an additional 105 shares in the last quarter. Capital Advisors Wealth Management LLC grew its position in shares of Walmart by 1.4% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock worth $684,000 after buying an additional 105 shares in the last quarter. Finally, Lauterbach Financial Advisors LLC grew its position in shares of Walmart by 1.8% during the 1st quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock worth $517,000 after buying an additional 106 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Insider Transactions at Walmart

In other news, 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 value 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 trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the transaction, the chief executive officer owned 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 140,334 shares of company stock valued at $13,526,350. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

WMT has been the topic of a number of recent research reports. Erste Group Bank raised Walmart from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Citigroup reissued a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Oppenheimer increased their price target on Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Tigress Financial increased their price target on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $103.00 price objective (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. One equities research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $109.89.

Walmart Trading Up 0.7%

Walmart stock opened at $100.65 on Tuesday. The stock has a 50-day moving average of $97.67 and a two-hundred day moving average of $95.58. 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 Inc. has a one year low of $73.34 and a one year high of $105.30. The stock has a market cap of $803.23 billion, a PE ratio of 43.01, a price-to-earnings-growth ratio of 4.80 and a beta of 0.66.

Walmart Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be paid a $0.235 dividend. This represents a dividend yield of 90.0%. The ex-dividend date is Friday, August 15th. Walmart's dividend payout ratio (DPR) is presently 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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