Walmart Inc. (NYSE:WMT) Stake Boosted by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group grew its stake in shares of Walmart Inc. (NYSE:WMT) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,313 shares of the retailer’s stock after purchasing an additional 2,566 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Walmart were worth $6,524,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WMT. Whelan Financial lifted its position in Walmart by 2.3% in the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock worth $392,000 after purchasing an additional 97 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Walmart by 1.7% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock valued at $538,000 after purchasing an additional 98 shares in the last quarter. Scott & Selber Inc. lifted its holdings in shares of Walmart by 3.7% in the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer’s stock valued at $256,000 after purchasing an additional 105 shares in the last quarter. Capital Advisors Wealth Management LLC lifted its holdings in shares of Walmart by 1.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer’s stock valued at $684,000 after purchasing an additional 105 shares in the last quarter. Finally, Van Strum & Towne Inc. raised its holdings in shares of Walmart by 1.6% during the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock worth $619,000 after acquiring an additional 108 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $97.19, for a total transaction of $1,887,041.04. Following the completion of the transaction, the chief executive officer owned 4,431,783 shares in the company, valued at approximately $430,724,989.77. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.24, for a total value of $380,960.00. Following the transaction, the executive vice president owned 1,060,455 shares of the company’s stock, valued at $100,997,734.20. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 142,711 shares of company stock valued at $13,710,319 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Raymond James Financial cut their price objective on Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Mizuho increased their target price on Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, June 9th. Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a research report on Monday, May 5th. Erste Group Bank cut Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, KeyCorp increased their target price on Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, June 9th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $106.67.

Walmart Stock Performance

Shares of Walmart stock opened at $97.11 on Wednesday. The company has a market capitalization of $774.98 billion, a PE ratio of 41.50, a PEG ratio of 4.78 and a beta of 0.68. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The stock’s fifty day simple moving average is $97.24 and its 200 day simple moving average is $94.43.

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

Walmart Dividend Announcement

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

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.