Fort Washington Investment Advisors Inc. OH Purchases 1,062 Shares of Walmart Inc. (NYSE:WMT)

Fort Washington Investment Advisors Inc. OH grew its position in shares of Walmart Inc. (NYSE:WMT) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,680 shares of the retailer’s stock after purchasing an additional 1,062 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Walmart were worth $6,907,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WMT. FPC Investment Advisory Inc. bought a new position in Walmart during the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC lifted its holdings in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after acquiring an additional 262 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in shares of Walmart in the 4th quarter valued at $37,000. Mizuho Bank Ltd. bought a new position in shares of Walmart during the 4th quarter valued at $41,000. Finally, Nexus Investment Management ULC purchased a new position in Walmart in the 1st quarter worth $49,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the transaction, the chief executive officer now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the sale, the executive vice president now owns 520,275 shares in the company, valued at approximately $49,332,475.50. This represents a 0.34% decrease in their ownership of the stock. 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. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $94.80 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock has a market cap of $758.48 billion, a P/E ratio of 39.34, a P/E/G ratio of 4.42 and a beta of 0.69. The business’s 50 day moving average price is $95.54 and its 200-day moving average price is $94.04. Walmart Inc. has a 52 week low of $65.95 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last released its 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 return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal 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 issued a $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart’s dividend payout ratio (DPR) is presently 40.17%.

Wall Street Analyst Weigh In

Several analysts have issued reports on WMT shares. Mizuho upped their price target on shares of Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday. Piper Sandler increased their target price on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Erste Group Bank downgraded Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. KeyCorp increased their price objective on Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Oppenheimer lifted their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $106.50.

Walmart 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.