Walmart Inc. (NYSE:WMT) Shares Acquired by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. grew its position in Walmart Inc. (NYSE:WMT) by 228.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 30,201 shares of the retailer’s stock after acquiring an additional 21,007 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Walmart were worth $2,651,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Global Wealth Management LLC acquired a new position in shares of Walmart in the 1st quarter valued at about $209,000. Broadway Wealth Solutions Inc. lifted its stake in shares of Walmart by 9.9% in the 1st quarter. Broadway Wealth Solutions Inc. now owns 4,764 shares of the retailer’s stock valued at $418,000 after purchasing an additional 430 shares in the last quarter. Wynn Capital LLC lifted its stake in shares of Walmart by 43.1% in the 1st quarter. Wynn Capital LLC now owns 39,522 shares of the retailer’s stock valued at $3,470,000 after purchasing an additional 11,895 shares in the last quarter. KMG Fiduciary Partners LLC lifted its stake in shares of Walmart by 4.0% in the 1st quarter. KMG Fiduciary Partners LLC now owns 20,263 shares of the retailer’s stock valued at $1,779,000 after purchasing an additional 785 shares in the last quarter. Finally, Wealthcare Capital Partners LLC lifted its stake in shares of Walmart by 8.8% in the 1st quarter. Wealthcare Capital Partners LLC now owns 7,132 shares of the retailer’s stock valued at $626,000 after purchasing an additional 575 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 completion of the transaction, the chief executive officer now owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Wednesday, March 19th. The stock was 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 owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on WMT. Evercore ISI raised their target price on Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $102.00 target price on shares of Walmart in a report on Friday, May 16th. Oppenheimer raised their target price on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Roth Mkm reiterated a “buy” rating and set a $108.00 target price (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Finally, DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a report on Tuesday, February 25th. Two 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.16.

Walmart Price Performance

Shares of WMT opened at $97.46 on Friday. The firm has a market cap of $779.77 billion, a price-to-earnings ratio of 40.44, a PEG ratio of 4.42 and a beta of 0.69. The stock has a 50 day moving average of $94.71 and a 200-day moving average of $93.88. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 52 week low of $65.90 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. As a group, analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

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.