Walmart Inc. (NYSE:WMT) Shares Acquired by RMR Wealth Builders

RMR Wealth Builders lifted its position in shares of Walmart Inc. (NYSE:WMT) by 3.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,994 shares of the retailer’s stock after acquiring an additional 1,161 shares during the period. RMR Wealth Builders’ holdings in Walmart were worth $2,721,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in WMT. Norges Bank acquired a new stake in shares of Walmart during the 4th quarter valued at approximately $5,737,355,000. Raymond James Financial Inc. acquired a new stake in Walmart in the fourth quarter worth $2,306,627,000. GAMMA Investing LLC increased its position in Walmart by 9,896.9% in the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer’s stock worth $697,029,000 after buying an additional 7,860,306 shares during the period. Bank of New York Mellon Corp increased its position in Walmart by 14.0% in the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock worth $2,893,079,000 after buying an additional 3,927,173 shares during the period. Finally, Northern Trust Corp increased its position in Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock worth $3,943,049,000 after buying an additional 3,550,037 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on WMT shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a research report on Monday, May 5th. Raymond James dropped their target price on Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Citigroup reaffirmed a “buy” rating on shares of Walmart in a research report on Tuesday, May 6th. Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Finally, Wall Street Zen raised Walmart from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $106.50.

Walmart Trading Down 1.0%

NYSE:WMT opened at $94.80 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 1-year low of $65.95 and a 1-year high of $105.30. The firm has a market capitalization of $758.48 billion, a price-to-earnings ratio of 39.34, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The stock has a fifty day simple moving average of $95.54 and a 200 day simple moving average of $94.04.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same quarter last year, the company posted $0.60 EPS. Walmart’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given 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 40.17%.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the sale, the executive vice president now directly owns 630,518 shares of the company’s stock, valued at approximately $62,421,282. This represents a 0.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the sale, the chief executive officer now directly owns 4,451,199 shares of the company’s stock, valued at approximately $429,896,799.42. This represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,534 shares of company stock worth $12,833,664 in the last quarter. 45.58% of the stock is owned by company insiders.

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.