Trueblood Wealth Management LLC Purchases 6,026 Shares of Walmart Inc. (NYSE:WMT)

Trueblood Wealth Management LLC increased its position in Walmart Inc. (NYSE:WMT) by 40.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,905 shares of the retailer’s stock after acquiring an additional 6,026 shares during the period. Walmart comprises about 0.9% of Trueblood Wealth Management LLC’s investment portfolio, making the stock its 24th biggest holding. Trueblood Wealth Management LLC’s holdings in Walmart were worth $1,835,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Sarasin & Partners LLP bought a new stake in Walmart during the first quarter valued at approximately $5,269,000. Gibson Capital LLC boosted its stake in shares of Walmart by 27.6% during the 1st quarter. Gibson Capital LLC now owns 7,805 shares of the retailer’s stock worth $685,000 after acquiring an additional 1,686 shares during the last quarter. Sanibel Captiva Trust Company Inc. grew its position in shares of Walmart by 7.4% during the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 171,784 shares of the retailer’s stock valued at $15,081,000 after acquiring an additional 11,798 shares during the period. Curated Wealth Partners LLC purchased a new stake in shares of Walmart in the 1st quarter worth $257,000. Finally, Parsons Capital Management Inc. RI increased its stake in shares of Walmart by 1.0% in the 1st quarter. Parsons Capital Management Inc. RI now owns 41,516 shares of the retailer’s stock worth $3,645,000 after purchasing an additional 391 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of NYSE:WMT opened at $97.34 on Wednesday. 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 Inc. has a 12 month low of $65.90 and a 12 month high of $105.30. The company has a market capitalization of $778.81 billion, a price-to-earnings ratio of 40.39, a PEG ratio of 4.42 and a beta of 0.69. The firm’s 50-day moving average is $95.06 and its 200 day moving average is $93.99.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were given a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a yield of 0.95%. Walmart’s dividend payout ratio (DPR) is 40.17%.

Wall Street Analyst Weigh In

WMT has been the topic of several recent analyst reports. Oppenheimer raised their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Raymond James cut their target price on Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Erste Group Bank cut Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Tuesday, February 25th. Finally, Barclays reissued an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $105.68.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction 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 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 4,451,199 shares in the company, valued at $429,896,799.42. The trade was a 0.65% 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 in the last three months. Company insiders own 45.58% of the company’s stock.

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.