Walmart Inc. (NYSE:WMT) Stock Position Raised by N.E.W. Advisory Services LLC

N.E.W. Advisory Services LLC grew its position in shares of Walmart Inc. (NYSE:WMT) by 51.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,996 shares of the retailer’s stock after buying an additional 9,797 shares during the quarter. N.E.W. Advisory Services LLC’s holdings in Walmart were worth $2,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in WMT. World Investment Advisors grew its holdings in Walmart by 7.6% during the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock valued at $24,532,000 after purchasing an additional 19,233 shares during the last quarter. Full Sail Capital LLC boosted its holdings in shares of Walmart by 6.6% during the 4th quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer’s stock worth $786,000 after buying an additional 541 shares during the period. Leslie Global Wealth LLC grew its stake in Walmart by 22.0% in the 4th quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer’s stock valued at $285,000 after buying an additional 568 shares during the last quarter. Scalar Gauge Management LLC grew its stake in Walmart by 76.9% in the 4th quarter. Scalar Gauge Management LLC now owns 69,000 shares of the retailer’s stock valued at $6,234,000 after buying an additional 30,000 shares during the last quarter. Finally, Monument Capital Management raised its holdings in Walmart by 94.2% in the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer’s stock worth $4,829,000 after acquiring an additional 26,685 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the transaction, the executive vice president owned 945,434 shares in the company, valued at $90,619,848.90. This represents a 1.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the sale, the executive vice president owned 628,318 shares of the company’s stock, valued at $61,851,623.92. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 146,112 shares of company stock valued at $14,078,027. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

Shares of Walmart stock opened at $97.57 on Tuesday. The stock has a market capitalization of $778.65 billion, a price-to-earnings ratio of 41.70, a P/E/G ratio of 4.69 and a beta of 0.68. The firm’s 50-day moving average price is $96.75 and its two-hundred day moving average price is $94.89. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. 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 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 return on equity of 21.76% and a net margin of 2.75%. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the prior year, the company earned $0.60 EPS. Walmart’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts predict 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. Stockholders of record on Monday, May 12th were paid a $0.235 dividend. 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%.

Analyst Ratings Changes

WMT has been the subject of a number of recent analyst reports. Sanford C. Bernstein restated an “outperform” rating on shares of Walmart in a report on Monday, May 5th. Citigroup reissued a “buy” rating on shares of Walmart in a research report on Tuesday, May 6th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Walmart in a report on Monday, June 9th. Truist Financial lifted their price target on Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research report 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 report 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. According to MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $106.67.

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.