Walmart Inc. (NYSE:WMT) Shares Purchased by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 10.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,786 shares of the retailer’s stock after acquiring an additional 811 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in Walmart were worth $775,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC increased its stake in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares during the period. Noble Wealth Management PBC acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $37,000. Mizuho Bank Ltd. acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $41,000. Finally, Nexus Investment Management ULC acquired a new stake in shares of Walmart in the first quarter valued at approximately $49,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Walmart from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Truist Financial increased their price objective on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a report on Friday, May 16th. Erste Group Bank cut shares of Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Raymond James Financial decreased their price objective on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, April 11th. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $106.50.

Walmart Trading Up 1.1%

Walmart stock opened at $96.16 on Friday. The company has a 50 day moving average price of $96.39 and a 200 day moving average price of $94.15. Walmart Inc. has a 52 week low of $66.55 and a 52 week high of $105.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The firm has a market capitalization of $767.41 billion, a price-to-earnings ratio of 41.10, a P/E/G ratio of 4.69 and a beta of 0.69.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same quarter last year, the business posted $0.60 EPS. The company’s revenue was up 2.5% on a year-over-year basis. Research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently announced 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 payout ratio is 40.17%.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 1,760 shares of the firm’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $94.77, for a total transaction of $166,795.20. Following the transaction, the executive vice president now owns 650,977 shares in the company, valued at approximately $61,693,090.29. This trade represents a 0.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total transaction of $217,800.00. Following the transaction, the executive vice president now owns 630,518 shares in the company, valued at $62,421,282. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,294 shares of company stock worth $12,656,659 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

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.