Western Wealth Management LLC Acquires 2,808 Shares of Walmart Inc. (NYSE:WMT)

Western Wealth Management LLC increased its stake in Walmart Inc. (NYSE:WMT - Free Report) by 4.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,774 shares of the retailer's stock after buying an additional 2,808 shares during the period. Western Wealth Management LLC's holdings in Walmart were worth $5,511,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Horizon Financial Services LLC increased its holdings in shares of Walmart by 1,007.7% during the fourth 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. EQ Wealth Advisors LLC purchased a new stake in Walmart during the 1st quarter valued at about $35,000. Noble Wealth Management PBC bought a new stake in Walmart during the 4th quarter valued at about $37,000. Mizuho Bank Ltd. purchased a new position in Walmart in the fourth quarter worth about $41,000. Finally, Nexus Investment Management ULC bought a new position in shares of Walmart in the first quarter worth approximately $49,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. DA Davidson reissued a "buy" rating and issued a $117.00 target price on shares of Walmart in a report on Friday, May 16th. KeyCorp upped their price target on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, June 9th. Truist Financial lifted their price objective on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Citigroup reissued a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Walmart presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.50.

Walmart Price Performance

Walmart stock traded up $0.61 during mid-day trading on Monday, hitting $97.88. The stock had a trading volume of 17,797,232 shares, compared to its average volume of 18,037,242. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $781.12 billion, a P/E ratio of 41.83, a P/E/G ratio of 4.75 and a beta of 0.69. The firm's 50 day moving average is $96.91 and its 200 day moving average is $94.26.

Walmart (NYSE:WMT - Get Free Report) last released 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 during 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 quarter in the prior year, the company posted $0.60 earnings per share. On average, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio is 40.17%.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the sale, the chief executive officer directly owned 4,451,199 shares of the company's stock, valued at $429,896,799.42. This represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the transaction, the executive vice president owned 945,434 shares of the company's stock, valued at $90,619,848.90. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,711 shares of company stock valued at $13,688,803. Insiders own 45.58% of the company's stock.

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.