Horizon Wealth Management LLC Has $310,000 Stake in Walmart Inc. (NYSE:WMT)

Horizon Wealth Management LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 12.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 3,533 shares of the retailer’s stock after purchasing an additional 387 shares during the period. Horizon Wealth Management LLC’s holdings in Walmart were worth $310,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in WMT. Vanguard Group Inc. lifted its position in shares of Walmart by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock worth $38,194,278,000 after buying an additional 2,050,683 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Walmart by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock worth $8,167,186,000 after buying an additional 3,017,829 shares in the last quarter. Norges Bank bought a new position in shares of Walmart during the 4th quarter worth approximately $5,737,355,000. Fisher Asset Management LLC lifted its position in shares of Walmart by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock worth $4,408,452,000 after buying an additional 1,133,201 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock worth $3,943,049,000 after buying an additional 3,550,037 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Down 0.5%

Walmart stock opened at $97.46 on Friday. The stock has a market cap of $779.77 billion, a P/E ratio of 40.44, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a fifty-two week low of $65.64 and a fifty-two week high of $105.30. The firm’s fifty day moving average price is $94.71 and its 200-day moving average price is $93.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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

Insider Buying and Selling

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now directly owns 888,309 shares in the company, valued at approximately $76,350,158.55. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the transaction, the chief executive officer now owns 3,972,517 shares of the company’s stock, valued at $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,534 shares of company stock worth $12,833,664. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Raymond James lowered their price target on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. lifted their price target on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Barclays reaffirmed an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Guggenheim reaffirmed a “buy” rating and issued a $100.00 price target on shares of Walmart in a report on Monday, February 24th. Finally, Mizuho assumed coverage on shares of Walmart in a report on Friday, April 11th. They issued an “outperform” rating and a $105.00 price target on the stock. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $105.16.

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.