Walmart Inc. (NYSE:WMT) Stock Holdings Raised by Nilsine Partners LLC

Nilsine Partners LLC increased its holdings in Walmart Inc. (NYSE:WMT) by 11.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 42,274 shares of the retailer’s stock after buying an additional 4,424 shares during the period. Nilsine Partners LLC’s holdings in Walmart were worth $3,711,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of WMT. Norges Bank acquired a new position in shares of Walmart in the 4th quarter valued at about $5,737,355,000. Raymond James Financial Inc. acquired a new position in shares of Walmart in the 4th quarter valued at about $2,306,627,000. GAMMA Investing LLC boosted its holdings in shares of Walmart by 9,896.9% in the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer’s stock valued at $697,029,000 after buying an additional 7,860,306 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock valued at $2,893,079,000 after buying an additional 3,927,173 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Walmart by 8.9% in the 4th 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 during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMT has been the subject of several research reports. Evercore ISI lifted their price target on shares of Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Stifel Nicolaus decreased their price target on shares of Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Oppenheimer boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Raymond James Financial reduced their target price on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Finally, Robert W. Baird boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $106.50.

Walmart Stock Up 1.1%

NYSE WMT opened at $96.16 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The company’s 50 day simple moving average is $96.39 and its 200 day simple moving average is $94.15. Walmart Inc. has a 12 month low of $66.55 and a 12 month high of $105.30. The company has a market capitalization of $767.41 billion, a P/E ratio of 41.10, a PEG ratio of 4.69 and a beta of 0.69.

Walmart (NYSE:WMT) last released its earnings results 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 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 firm earned $0.60 EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were issued a $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s payout ratio is currently 40.17%.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the business’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 sale, the executive vice president now directly owns 630,518 shares of the company’s stock, valued at $62,421,282. The trade was a 0.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of the business’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 sale, the executive vice president now directly owns 650,977 shares in the company, 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 have sold 135,294 shares of company stock worth $12,656,659 in the last ninety days. 45.58% of the stock is currently owned by corporate 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.