Wealthcare Capital Partners LLC Acquires 575 Shares of Walmart Inc. (NYSE:WMT)

Wealthcare Capital Partners LLC grew its holdings in Walmart Inc. (NYSE:WMT) by 8.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,132 shares of the retailer’s stock after acquiring an additional 575 shares during the period. Wealthcare Capital Partners LLC’s holdings in Walmart were worth $626,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Tallon Kerry Patrick bought a new stake in shares of Walmart during the 4th quarter worth $252,000. LaFleur & Godfrey LLC boosted its holdings in shares of Walmart by 1.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer’s stock worth $6,283,000 after buying an additional 992 shares during the period. Eagle Capital Management LLC boosted its holdings in shares of Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock worth $349,000 after buying an additional 321 shares during the period. Brighton Jones LLC boosted its holdings in shares of Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after buying an additional 21,939 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Walmart during the 4th quarter worth $10,645,000. 26.76% of the stock is owned by institutional investors.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the sale, the chief executive officer now owns 3,972,517 shares in the company, valued at $340,166,630.71. The trade was a 0.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. This represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,534 shares of company stock worth $12,833,664 in the last quarter. 45.58% of the stock is owned by company insiders.

Walmart Trading Down 0.5%

Shares of NYSE WMT opened at $97.46 on Friday. Walmart Inc. has a 1-year low of $65.90 and a 1-year high of $105.30. The company has a market cap of $779.77 billion, a PE ratio of 40.44, 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. The company has a 50-day moving average of $94.71 and a two-hundred day moving average of $93.88.

Walmart (NYSE:WMT) 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. As a group, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a report on Monday, May 5th. Piper Sandler increased their price target on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Citigroup reissued a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. Truist Financial increased their price target on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a report on Friday, May 16th. Finally, Stifel Nicolaus dropped their price objective on shares of 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 issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $105.16.

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.