Mitchell Mcleod Pugh & Williams Inc. Acquires 2,194 Shares of Walmart Inc. (NYSE:WMT)

Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 4.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,071 shares of the retailer’s stock after acquiring an additional 2,194 shares during the period. Walmart makes up approximately 1.0% of Mitchell Mcleod Pugh & Williams Inc.’s investment portfolio, making the stock its 20th largest holding. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Walmart were worth $4,659,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Whelan Financial raised its stake in shares of Walmart by 2.3% in the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock valued at $392,000 after purchasing an additional 97 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its position 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 acquiring an additional 98 shares during the last quarter. Scott & Selber Inc. increased its position 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 acquiring an additional 105 shares during the last quarter. Capital Advisors Wealth Management LLC increased its position 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 acquiring an additional 105 shares during the last quarter. Finally, Planning Center Inc. increased its position in shares of Walmart by 1.8% in the first quarter. Planning Center Inc. now owns 6,018 shares of the retailer’s stock valued at $528,000 after acquiring an additional 108 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent research reports. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a research report on Monday, May 5th. Oppenheimer lifted their target price on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. DA Davidson reaffirmed a “buy” rating and issued a $117.00 target price on shares of Walmart in a research report on Friday, May 16th. Wall Street Zen raised Walmart from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Finally, Truist Financial lifted their target price on Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, May 16th. 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 stock. According to data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.67.

Walmart Trading Down 0.5%

Shares of NYSE:WMT opened at $94.36 on Monday. Walmart Inc. has a 12-month low of $66.67 and a 12-month high of $105.30. The stock has a market cap of $753.03 billion, a PE ratio of 40.32, a P/E/G ratio of 4.54 and a beta of 0.68. The business has a 50 day moving average of $97.10 and a 200-day moving average of $94.52. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT) last issued 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. The business had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 earnings per share. As a group, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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