Walmart Inc. (NYSE:WMT) Shares Acquired by Mendel Capital Management LLC

Mendel Capital Management LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,271 shares of the retailer’s stock after purchasing an additional 899 shares during the period. Walmart makes up approximately 2.8% of Mendel Capital Management LLC’s investment portfolio, making the stock its 8th biggest position. Mendel Capital Management LLC’s holdings in Walmart were worth $4,677,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LaFleur & Godfrey LLC increased its holdings 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 in the last quarter. Eagle Capital Management LLC increased its holdings 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 in the last quarter. Brighton Jones LLC increased its holdings 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 in the last quarter. Revolve Wealth Partners LLC increased its holdings 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 in the last quarter. Finally, SOA Wealth Advisors LLC. increased its holdings 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 in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $97.19, for a total value of $1,887,041.04. Following the transaction, the chief executive officer now owns 4,431,783 shares of the company’s stock, valued at approximately $430,724,989.77. This trade represents a 0.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathryn J. Mclay sold 28,000 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the transaction, the executive vice president now directly owns 1,064,455 shares in the company, valued at approximately $103,252,135. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 142,711 shares of company stock worth $13,688,803 in the last quarter. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on WMT. Raymond James Financial reduced their price objective 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. Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 price objective on shares of Walmart in a research note on Monday, June 9th. Oppenheimer boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Truist Financial boosted their price objective 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. Finally, DA Davidson reissued a “buy” rating and issued a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. Two 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. Based on data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.50.

Walmart Price Performance

WMT stock opened at $97.41 on Friday. The stock has a market capitalization of $777.37 billion, a PE ratio of 41.63, a price-to-earnings-growth ratio of 4.75 and a beta of 0.69. The company’s 50-day moving average is $96.80 and its 200-day moving average is $94.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30.

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

Walmart Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a dividend of $0.235 per share. The ex-dividend date 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.