Walmart Inc. (NYSE:WMT) Position Boosted by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 2.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 75,023 shares of the retailer’s stock after buying an additional 1,735 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Walmart were worth $6,586,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Walmart by 0.8% during the first quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer’s stock worth $37,395,120,000 after purchasing an additional 3,224,154 shares during the last quarter. Northern Trust Corp lifted its holdings 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 acquiring an additional 3,550,037 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Walmart by 30.1% in the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer’s stock worth $2,922,770,000 after acquiring an additional 7,706,201 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in Walmart by 0.8% in the fourth quarter. Nuveen Asset Management LLC now owns 29,843,892 shares of the retailer’s stock worth $2,696,396,000 after acquiring an additional 233,040 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Walmart by 2.9% in the first quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer’s stock worth $2,562,427,000 after acquiring an additional 823,020 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction on Monday, July 21st. The shares were sold at an average price of $95.14, for a total value of $380,560.00. Following the transaction, the executive vice president directly owned 1,056,455 shares of the company’s stock, valued at approximately $100,511,128.70. This represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,744 shares of the company’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $95.60, for a total transaction of $166,726.40. Following the completion of the transaction, the executive vice president directly owned 649,233 shares in the company, valued at $62,066,674.80. This trade represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 144,334 shares of company stock worth $13,913,350. Insiders own 0.10% of the company’s stock.

Walmart Price Performance

WMT stock opened at $100.91 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Walmart Inc. has a one year low of $72.52 and a one year high of $105.30. The firm has a market capitalization of $805.28 billion, a PE ratio of 43.12, a P/E/G ratio of 4.85 and a beta of 0.66. The firm has a 50-day moving average of $97.55 and a two-hundred day moving average of $95.58.

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

Walmart Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.235 per share. This represents a yield of 90.0%. The ex-dividend date of this dividend is Friday, August 15th. Walmart’s payout ratio is 40.17%.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of recent research reports. Truist Financial raised their target price on shares of Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a $103.00 target price (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. Erste Group Bank raised shares of Walmart from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Wall Street Zen raised shares of Walmart from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Finally, DA Davidson reissued a “buy” rating and issued a $117.00 target price on shares of Walmart in a report on Friday, May 16th. One analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $107.47.

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.