Walmart Inc. (NYSE:WMT) Stock Position Increased by Flavin Financial Services Inc.

Flavin Financial Services Inc. grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,252 shares of the retailer’s stock after purchasing an additional 1,078 shares during the period. Walmart comprises about 3.2% of Flavin Financial Services Inc.’s portfolio, making the stock its 9th biggest position. Flavin Financial Services Inc.’s holdings in Walmart were worth $3,534,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. LaFleur & Godfrey LLC increased its stake in shares of Walmart by 1.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer’s stock worth $6,283,000 after buying an additional 992 shares during the period. Eagle Capital Management LLC increased its stake in shares of Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock worth $349,000 after buying an additional 321 shares during the period. Brighton Jones LLC increased its stake in shares of Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after buying an additional 21,939 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock worth $800,000 after buying an additional 485 shares during the period. Finally, SOA Wealth Advisors LLC. increased its stake in shares of Walmart by 1.6% during the fourth quarter. SOA Wealth Advisors LLC. now owns 9,194 shares of the retailer’s stock worth $831,000 after buying an additional 142 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the completion of the transaction, the executive vice president now owns 398,024 shares in the company, valued at $35,288,807.84. This trade represents a 0.55% 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 the firm’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the transaction, the executive vice president now owns 520,275 shares of the company’s stock, valued at approximately $49,332,475.50. This represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 123,295 shares of company stock worth $11,801,762. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on WMT shares. Truist Financial upped their target price on shares of Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Sanford C. Bernstein restated an “outperform” rating on shares of Walmart in a research note on Monday, May 5th. Raymond James Financial cut their target price on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Barclays reaffirmed an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Walmart in a report on Monday, June 9th. Two investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $106.50.

Walmart Price Performance

Shares of NYSE WMT opened at $96.22 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 stock has a fifty day moving average price of $96.71 and a 200 day moving average price of $94.22. Walmart Inc. has a 1-year low of $66.67 and a 1-year high of $105.30. The company has a market cap of $767.85 billion, a PE ratio of 41.12, a P/E/G ratio of 4.75 and a beta of 0.69.

Walmart (NYSE:WMT) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. Sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

About Walmart

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.