Walmart Inc. (NYSE:WMT) Shares Acquired by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC boosted its holdings in Walmart Inc. (NYSE:WMT) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 175,314 shares of the retailer’s stock after buying an additional 5,930 shares during the quarter. Walmart accounts for about 1.0% of Cornerstone Wealth Management LLC’s investment portfolio, making the stock its 15th largest position. Cornerstone Wealth Management LLC’s holdings in Walmart were worth $15,391,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Whelan Financial lifted its holdings in shares of Walmart by 2.3% during the fourth 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 last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Walmart by 1.7% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock valued at $538,000 after buying an additional 98 shares in the last quarter. Coyle Financial Counsel LLC boosted its holdings in shares of Walmart by 3.1% in the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after buying an additional 102 shares during the period. Blackston Financial Advisory Group LLC increased its position in shares of Walmart by 0.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock worth $1,417,000 after acquiring an additional 106 shares in the last quarter. Finally, Van Strum & Towne Inc. increased its position in shares of Walmart by 1.6% in 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. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WMT shares. Truist Financial raised their price objective on shares of Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Roth Mkm reaffirmed a “buy” rating and issued a $108.00 target price (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Barclays reissued an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. KeyCorp lifted their target price on Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, June 9th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 price objective on shares of Walmart in a research note on Monday, June 9th. Two research 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $106.50.

Insider Activity

In related news, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total value of $195,052.00. Following the completion of the transaction, the executive vice president now directly owns 398,024 shares of the company’s stock, valued at approximately $35,288,807.84. This represents a 0.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,760 shares of the business’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the sale, the executive vice president now owns 520,275 shares in the company, valued at approximately $49,332,475.50. This trade represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,294 shares of company stock worth $12,656,659 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock opened at $94.24 on Wednesday. Walmart Inc. has a 52 week low of $66.55 and a 52 week high of $105.30. The firm has a fifty day moving average of $96.13 and a two-hundred day moving average of $94.11. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock has a market capitalization of $752.04 billion, a price-to-earnings ratio of 40.27, a PEG ratio of 4.60 and a beta of 0.69.

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

Walmart Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a dividend of $0.235 per share. 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.