Smith Shellnut Wilson LLC ADV Has $1.27 Million Stock Position in Walmart Inc. (NYSE:WMT)

Smith Shellnut Wilson LLC ADV raised its holdings in Walmart Inc. (NYSE:WMT) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,471 shares of the retailer’s stock after purchasing an additional 150 shares during the quarter. Smith Shellnut Wilson LLC ADV’s holdings in Walmart were worth $1,270,000 as of its most recent SEC filing.

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

Walmart Price Performance

Shares of WMT opened at $94.28 on Tuesday. Walmart Inc. has a 12-month low of $66.41 and a 12-month high of $105.30. The business’s fifty day moving average is $96.04 and its 200 day moving average is $94.11. 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 $752.39 billion, a P/E ratio of 39.12, a P/E/G ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last released 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. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 earnings per share. Sell-side analysts anticipate 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. Stockholders of record on Monday, May 12th were issued a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio is presently 40.17%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 price target on shares of Walmart in a research note on Monday, June 9th. Evercore ISI increased their target price on Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Piper Sandler lifted their price target on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Oppenheimer upped their price objective on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Walmart in a report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $106.50.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction 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 transaction, the chief executive officer now directly owns 3,972,517 shares of the company’s stock, valued at $340,166,630.71. The trade was a 0.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total transaction of $166,883.20. Following the transaction, the executive vice president now directly owns 520,275 shares in the company, valued at $49,332,475.50. The trade was a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,534 shares of company stock valued at $12,833,664 over the last 90 days. 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.