Walmart Inc. (NYSE:WMT) Shares Purchased by Charles Schwab Trust Co

Charles Schwab Trust Co raised its position in Walmart Inc. (NYSE:WMT) by 5.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,292 shares of the retailer’s stock after purchasing an additional 1,116 shares during the period. Charles Schwab Trust Co’s holdings in Walmart were worth $1,781,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Walmart in the fourth quarter valued at $5,737,355,000. Raymond James Financial Inc. purchased a new stake in Walmart during the fourth quarter worth approximately $2,306,627,000. GAMMA Investing LLC boosted its holdings in Walmart by 9,896.9% in the first 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. Jennison Associates LLC increased its stake in Walmart by 37.1% in the fourth quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer’s stock valued at $2,289,419,000 after purchasing an additional 6,860,189 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock valued at $2,893,079,000 after buying an additional 3,927,173 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on WMT shares. Piper Sandler raised their price objective on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Guggenheim reiterated a “buy” rating and issued a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. Barclays restated an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Wall Street Zen upgraded shares of Walmart from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $102.00 price objective on shares of Walmart in a research note on Friday, May 16th. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $105.16.

Walmart Stock Performance

NYSE WMT opened at $99.39 on Thursday. Walmart Inc. has a 1-year low of $65.64 and a 1-year high of $105.30. The company has a market capitalization of $795.21 billion, a P/E ratio of 41.24, a PEG ratio of 4.42 and a beta of 0.69. The business has a 50 day moving average price of $94.33 and a 200 day moving average price of $93.67. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to analysts’ expectations of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 EPS. Sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the sale, the chief executive officer now directly owns 4,451,199 shares in the company, valued at approximately $429,896,799.42. This represents a 0.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the transaction, the executive vice president now directly owns 630,518 shares in the company, valued at $62,421,282. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,534 shares of company stock worth $12,833,664 in the last ninety days. Insiders own 45.58% of the company’s stock.

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.