Walmart Inc. (NYSE:WMT) Stock Position Boosted by Carlton Hofferkamp & Jenks Wealth Management LLC

Carlton Hofferkamp & Jenks Wealth Management LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 0.6% during the first quarter, Holdings Channel reports. The institutional investor owned 27,036 shares of the retailer’s stock after acquiring an additional 159 shares during the period. Walmart makes up about 1.0% of Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings, making the stock its 27th largest position. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Walmart were worth $2,465,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WMT. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the 4th quarter valued at about $25,000. Horizon Financial Services LLC lifted its stake in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares during the last quarter. Noble Wealth Management PBC bought a new stake in Walmart during the fourth quarter worth approximately $37,000. Mizuho Bank Ltd. acquired a new position in Walmart in the fourth quarter worth approximately $41,000. Finally, Nexus Investment Management ULC bought a new position in shares of Walmart in the first quarter valued at $49,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the transaction, the executive vice president now owns 630,518 shares in the company, valued at $62,421,282. This trade represents a 0.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares of the company’s stock, valued at $76,350,158.55. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,534 shares of company stock valued at $12,833,664 over the last 90 days. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

Shares of WMT opened at $94.20 on Monday. The firm has a market cap of $751.76 billion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company’s fifty day moving average is $95.79 and its 200-day moving average is $94.09. 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 12 month low of $66.41 and a 12 month high of $105.30.

Walmart (NYSE:WMT) last issued 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. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. During the same period in the prior year, the company posted $0.60 earnings per share. Walmart’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities 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. 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 was Friday, May 9th. Walmart’s payout ratio is 40.17%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WMT shares. KeyCorp raised their price objective on Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note 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 note on Friday, May 16th. Wall Street Zen upgraded Walmart from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Oppenheimer raised their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Finally, Evercore ISI boosted their price target on shares of Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Two research 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. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $106.50.

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.