Walmart Inc. (NYSE:WMT) Holdings Lifted by Edge Wealth Management LLC

Edge Wealth Management LLC increased its position in Walmart Inc. (NYSE:WMT) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 219,597 shares of the retailer’s stock after buying an additional 1,826 shares during the quarter. Walmart comprises about 3.9% of Edge Wealth Management LLC’s investment portfolio, making the stock its 9th biggest position. Edge Wealth Management LLC’s holdings in Walmart were worth $19,278,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Whelan Financial raised its position in Walmart by 2.3% in 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 period. Annis Gardner Whiting Capital Advisors LLC raised its position in Walmart by 1.7% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock valued at $538,000 after purchasing an additional 98 shares during the period. Coyle Financial Counsel LLC raised its position in Walmart by 3.1% in the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock valued at $310,000 after purchasing an additional 102 shares during the period. SC&H Financial Advisors Inc. raised its position in Walmart by 1.0% in the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after purchasing an additional 103 shares during the period. Finally, Blackston Financial Advisory Group LLC raised its position in Walmart by 0.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock valued at $1,417,000 after purchasing an additional 106 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

Shares of WMT stock opened at $97.82 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average of $94.53 and a two-hundred day moving average of $93.76. Walmart Inc. has a 52 week low of $65.64 and a 52 week high of $105.30. The company has a market cap of $782.64 billion, a P/E ratio of 40.59, a PEG ratio of 4.42 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 analysts’ consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. Walmart’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, analysts anticipate that Walmart Inc. will post 2.55 EPS for the current 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 paid a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a yield of 0.95%. Walmart’s payout ratio is currently 40.17%.

Analysts Set New Price Targets

WMT has been the topic of several research reports. Raymond James cut their price objective on Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Tuesday, February 25th. Piper Sandler raised their price objective on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Oppenheimer lifted their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $102.00 target price on shares of Walmart in a research report on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $105.16.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 1,760 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total transaction of $166,883.20. Following the completion of the transaction, the executive vice president now directly owns 520,275 shares in the company, valued at approximately $49,332,475.50. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the transaction, the chief executive officer now owns 3,972,517 shares of the company’s stock, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 137,534 shares of company stock worth $12,833,664. Company insiders own 45.58% of the company’s stock.

About Walmart

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.