Walmart Inc. (NYSE:WMT) Shares Bought by Lockerman Financial Group Inc.

Lockerman Financial Group Inc. boosted its position in shares of Walmart Inc. (NYSE:WMT) by 7.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 5,605 shares of the retailer’s stock after acquiring an additional 370 shares during the period. Lockerman Financial Group Inc.’s holdings in Walmart were worth $492,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Whelan Financial grew its holdings in shares of 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 in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Walmart by 1.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock worth $538,000 after buying an additional 98 shares during the last quarter. Coyle Financial Counsel LLC lifted its position in shares of Walmart by 3.1% during the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after buying an additional 102 shares during the last quarter. Blackston Financial Advisory Group LLC raised its position in Walmart by 0.7% in the 4th 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 last quarter. Finally, Van Strum & Towne Inc. raised its position in Walmart by 1.6% in the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock valued at $619,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated 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 of the company’s stock, valued at approximately $76,350,158.55. The trade was a 0.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the transaction, the chief executive officer now directly owns 4,451,199 shares of the company’s stock, valued at $429,896,799.42. This trade represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,534 shares of company stock valued at $12,833,664. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

WMT has been the subject of a number of analyst reports. Piper Sandler upped their price objective on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Wall Street Zen raised shares of Walmart from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Evercore ISI increased their price objective on shares of Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Telsey Advisory Group restated an “outperform” rating and issued a $115.00 target price on shares of Walmart in a report on Monday, June 9th. Finally, DZ Bank upgraded shares of 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 investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $106.50.

Walmart Stock Down 0.7%

Shares of NYSE:WMT opened at $94.20 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. Walmart Inc. has a 52-week low of $66.41 and a 52-week high of $105.30. The company has a 50 day moving average of $95.79 and a two-hundred day moving average of $94.08. The company has a market capitalization of $751.76 billion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last issued its quarterly earnings data 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 2.85% and a return on equity of 21.87%. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter last year, the company earned $0.60 earnings per share. Walmart’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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