Buck Wealth Strategies LLC Has $9.24 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Buck Wealth Strategies LLC reduced its holdings in Walmart Inc. (NYSE:WMT) by 0.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 105,220 shares of the retailer’s stock after selling 209 shares during the quarter. Walmart makes up about 1.7% of Buck Wealth Strategies LLC’s portfolio, making the stock its 26th largest holding. Buck Wealth Strategies LLC’s holdings in Walmart were worth $9,237,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. FPC Investment Advisory Inc. purchased a new stake in Walmart during the fourth quarter worth about $25,000. Horizon Financial Services LLC grew its stake in 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 buying an additional 262 shares in the last quarter. Noble Wealth Management PBC purchased a new position in Walmart in the 4th quarter worth approximately $37,000. Mizuho Bank Ltd. purchased a new position in Walmart in the 4th quarter worth approximately $41,000. Finally, Nexus Investment Management ULC bought a new stake in shares of Walmart in the 1st quarter worth approximately $49,000. 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 dated 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 directly owns 3,972,517 shares in the company, valued at $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $94.77, for a total transaction of $166,795.20. Following the sale, the executive vice president now owns 650,977 shares of the company’s stock, valued at approximately $61,693,090.29. This trade represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,294 shares of company stock worth $12,656,659 over the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent research reports. The Goldman Sachs Group restated a “buy” rating on shares of Walmart in a report on Wednesday, March 26th. Mizuho increased their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, June 9th. Guggenheim reissued a “buy” rating and issued a $100.00 price target on shares of Walmart in a research note on Monday, February 24th. Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 price target on shares of Walmart in a report on Monday, June 9th. Finally, UBS Group cut their price target on shares of Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Two 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 stock. Based on data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $106.50.

Walmart Trading Up 1.1%

Shares of Walmart stock opened at $96.16 on Friday. The stock has a market cap of $767.41 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 4.69 and a beta of 0.69. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 12-month low of $66.55 and a 12-month high of $105.30. The company has a fifty day simple moving average of $96.39 and a 200-day simple moving average of $94.15.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm posted $0.60 EPS. On average, equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio (DPR) is presently 40.17%.

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.