Walmart Inc. (NYSE:WMT) Position Raised by Alterna Wealth Management Inc.

Alterna Wealth Management Inc. lifted its position in shares of Walmart Inc. (NYSE:WMT) by 25.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,967 shares of the retailer’s stock after acquiring an additional 1,404 shares during the period. Alterna Wealth Management Inc.’s holdings in Walmart were worth $612,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of WMT. Norges Bank acquired a new stake in Walmart in the fourth quarter worth about $5,737,355,000. Raymond James Financial Inc. acquired a new stake in Walmart in the fourth quarter worth approximately $2,306,627,000. GAMMA Investing LLC boosted its stake in Walmart by 9,896.9% during the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer’s stock valued at $697,029,000 after purchasing an additional 7,860,306 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock valued at $3,943,049,000 after buying an additional 3,550,037 shares during the period. Finally, APG Asset Management N.V. boosted its stake in Walmart by 1,707.6% during the fourth quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer’s stock valued at $324,410,000 after buying an additional 3,512,368 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 0.5%

WMT opened at $98.25 on Wednesday. The company has a market capitalization of $784.08 billion, a PE ratio of 41.99, a price-to-earnings-growth ratio of 4.77 and a beta of 0.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The business has a 50-day moving average of $96.97 and a 200-day moving average of $94.29.

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

Walmart Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart’s dividend payout ratio (DPR) is currently 40.17%.

Analysts Set New Price Targets

WMT has been the subject of a number of research analyst reports. Robert W. Baird upped their price target on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Mizuho boosted their target price on shares of Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, June 9th. Wall Street Zen upgraded shares of Walmart from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Erste Group Bank lowered shares of Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 price objective on shares of Walmart in a research report on Monday, June 9th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.50.

Insider Buying and Selling

In related news, EVP Kathryn J. Mclay sold 28,000 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the transaction, the executive vice president owned 1,064,455 shares of the company’s stock, valued at approximately $103,252,135. The trade was a 2.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the sale, the executive vice president directly owned 945,434 shares of the company’s stock, valued at $90,619,848.90. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,511 shares of company stock valued at $13,493,751 over the last 90 days. 45.58% of the stock is currently owned by insiders.

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.