Roman Butler Fullerton & Co. Has $5.66 Million Stock Position in Walmart Inc. (NYSE:WMT)

Roman Butler Fullerton & Co. boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,237 shares of the retailer’s stock after acquiring an additional 542 shares during the period. Walmart accounts for about 2.2% of Roman Butler Fullerton & Co.’s investment portfolio, making the stock its 8th largest holding. Roman Butler Fullerton & Co.’s holdings in Walmart were worth $5,660,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Walmart in the 4th quarter worth approximately $5,737,355,000. Raymond James Financial Inc. bought a new stake in Walmart in the fourth quarter worth $2,306,627,000. GAMMA Investing LLC grew its stake in shares of Walmart by 9,896.9% in the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer’s stock worth $697,029,000 after acquiring an additional 7,860,306 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Walmart by 14.0% in the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock worth $2,893,079,000 after acquiring an additional 3,927,173 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 0.1%

NYSE WMT opened at $94.24 on Wednesday. Walmart Inc. has a 52 week low of $66.55 and a 52 week high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $752.04 billion, a P/E ratio of 40.27, a price-to-earnings-growth ratio of 4.60 and a beta of 0.69. The stock’s 50-day moving average price is $96.13 and its 200-day moving average price is $94.11.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analysts’ expectations of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 EPS. On average, equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart’s dividend payout ratio is presently 40.17%.

Wall Street Analyst Weigh In

Several brokerages recently commented on WMT. 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 report on Wednesday, June 4th. The Goldman Sachs Group reiterated a “buy” rating on shares of Walmart in a report on Wednesday, March 26th. DA Davidson restated a “buy” rating and issued a $117.00 price objective on shares of Walmart in a report on Friday, May 16th. Robert W. Baird boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 target price on shares of Walmart in a research note on Monday, June 9th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.50.

Insider Activity

In related 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 transaction of $2,493,888.12. Following the sale, the chief executive officer now owns 3,972,517 shares of the company’s stock, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their position. The sale 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 company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the completion of the transaction, the executive vice president now owns 398,024 shares of the company’s stock, valued at $35,288,807.84. The trade was a 0.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,294 shares of company stock worth $12,656,659 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

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.