Claris Advisors LLC MO Has $870,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

Claris Advisors LLC MO grew its stake in Walmart Inc. (NYSE:WMT) by 53.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,908 shares of the retailer’s stock after buying an additional 3,443 shares during the period. Claris Advisors LLC MO’s holdings in Walmart were worth $870,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in WMT. Tallon Kerry Patrick bought a new stake in shares of Walmart during the 4th quarter valued at about $252,000. LaFleur & Godfrey LLC boosted its position in shares of Walmart by 1.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer’s stock valued at $6,283,000 after purchasing an additional 992 shares in the last quarter. Eagle Capital Management LLC boosted its position in shares of Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock valued at $349,000 after purchasing an additional 321 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock valued at $8,868,000 after purchasing an additional 21,939 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Walmart during the 4th quarter valued at about $10,645,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. KeyCorp raised their price objective on Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, June 9th. Citigroup reissued a “buy” rating on shares of Walmart in a research note on Tuesday, May 6th. Truist Financial lifted their target price on Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 target price on shares of Walmart in a research report on Monday, June 9th. Finally, DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $106.50.

Insider Transactions at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction dated 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 directly owns 888,309 shares in the company, valued at approximately $76,350,158.55. This represents a 0.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total value of $195,052.00. Following the sale, the executive vice president now owns 398,024 shares of the company’s stock, valued at $35,288,807.84. This represents a 0.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

Shares of WMT opened at $94.28 on Tuesday. 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 Inc. has a 1 year low of $66.41 and a 1 year high of $105.30. The firm has a market cap of $752.39 billion, a PE ratio of 39.12, a PEG ratio of 4.42 and a beta of 0.69. The stock’s fifty day moving average price is $96.04 and its two-hundred day moving average price is $94.11.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion for 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 firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. On average, equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were issued a $0.235 dividend. 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.