Walmart Inc. (NYSE:WMT) Stock Position Raised by RMR Wealth Builders

RMR Wealth Builders raised its position in shares of Walmart Inc. (NYSE:WMT) by 3.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,994 shares of the retailer’s stock after purchasing an additional 1,161 shares during the period. RMR Wealth Builders’ holdings in Walmart were worth $2,721,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMT. Vanguard Group Inc. increased its holdings in shares of Walmart by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock valued at $38,194,278,000 after acquiring an additional 2,050,683 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Walmart by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock valued at $8,167,186,000 after acquiring an additional 3,017,829 shares during the last quarter. Norges Bank acquired a new position in shares of Walmart during the 4th quarter valued at about $5,737,355,000. Fisher Asset Management LLC increased its holdings in shares of Walmart by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock valued at $4,408,452,000 after acquiring an additional 1,133,201 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock valued at $3,943,049,000 after acquiring an additional 3,550,037 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of NYSE:WMT opened at $94.80 on Friday. Walmart Inc. has a 1-year low of $65.95 and a 1-year high of $105.30. The firm has a market capitalization of $758.48 billion, a PE ratio of 39.34, a PEG ratio of 4.42 and a beta of 0.69. The business’s 50 day moving average is $95.54 and its 200-day moving average is $94.04. 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 (NYSE:WMT) last announced its quarterly earnings data 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 company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter last year, the firm earned $0.60 EPS. Walmart’s revenue for the quarter was up 2.5% compared to the same quarter last year. Sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen raised Walmart from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Mizuho increased their price objective on Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Monday. KeyCorp increased their price objective on Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday. Evercore ISI raised their target price on Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Two investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $106.50.

Insider Buying and Selling

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. This trade represents a 0.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the transaction, the executive vice president now owns 630,518 shares of the company’s stock, valued at $62,421,282. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,534 shares of company stock worth $12,833,664 in the last 90 days. 45.58% of the stock is owned by company insiders.

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.