Resonant Capital Advisors LLC Has $1.14 Million Stock Position in Walmart Inc. (NYSE:WMT)

Resonant Capital Advisors LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,943 shares of the retailer’s stock after buying an additional 454 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Walmart were worth $1,139,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMT. Capital Investment Counsel Inc boosted its position in Walmart by 5.8% during the first quarter. Capital Investment Counsel Inc now owns 318,951 shares of the retailer’s stock worth $28,001,000 after purchasing an additional 17,528 shares during the period. Lodestone Wealth Management LLC boosted its holdings in shares of Walmart by 3.7% during the 1st quarter. Lodestone Wealth Management LLC now owns 6,697 shares of the retailer’s stock worth $588,000 after buying an additional 237 shares during the period. Latitude Advisors LLC raised its holdings in Walmart by 6.2% in the 1st quarter. Latitude Advisors LLC now owns 4,539 shares of the retailer’s stock valued at $398,000 after acquiring an additional 264 shares during the period. Heritage Oak Wealth Advisors LLC lifted its position in Walmart by 33.3% during the first quarter. Heritage Oak Wealth Advisors LLC now owns 942,814 shares of the retailer’s stock worth $82,770,000 after acquiring an additional 235,731 shares during the last quarter. Finally, Revisor Wealth Management LLC lifted its position in Walmart by 107.7% during the first quarter. Revisor Wealth Management LLC now owns 17,208 shares of the retailer’s stock worth $1,514,000 after acquiring an additional 8,923 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on WMT shares. DA Davidson reiterated a “buy” rating and set a $117.00 target price on shares of Walmart in a research note on Friday, May 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $103.00 price objective (up from $102.00) on shares of Walmart in a research note on Monday, June 9th. 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 research report on Friday, May 16th. Wall Street Zen raised Walmart from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Finally, Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $106.67.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of Walmart 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 owned 630,518 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Also, 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 sale, the executive vice president directly owned 945,434 shares in the company, valued at approximately $90,619,848.90. This trade 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 142,711 shares of company stock valued at $13,710,319 in the last three months. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Down 0.6%

Shares of Walmart stock opened at $97.62 on Thursday. The stock has a fifty day moving average price of $97.02 and a 200-day moving average price of $94.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The firm has a market cap of $779.05 billion, a PE ratio of 41.72, a P/E/G ratio of 4.73 and a beta of 0.68. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30.

Walmart (NYSE:WMT) last posted 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. The business 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 firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. Equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company 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. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart’s payout ratio is 40.17%.

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.