Walmart Inc. (NYSE:WMT) Shares Purchased by Slocum Gordon & Co LLP

Slocum Gordon & Co LLP lifted its stake in Walmart Inc. (NYSE:WMT) by 1.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,094 shares of the retailer’s stock after purchasing an additional 220 shares during the quarter. Slocum Gordon & Co LLP’s holdings in Walmart were worth $1,062,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LaFleur & Godfrey LLC increased its stake in Walmart by 1.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer’s stock worth $6,283,000 after acquiring an additional 992 shares during the last quarter. Eagle Capital Management LLC increased its stake in Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock worth $349,000 after acquiring an additional 321 shares during the last quarter. Brighton Jones LLC increased its stake in Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after acquiring an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock worth $800,000 after acquiring an additional 485 shares during the last quarter. Finally, SOA Wealth Advisors LLC. increased its stake in Walmart by 1.6% during the fourth quarter. SOA Wealth Advisors LLC. now owns 9,194 shares of the retailer’s stock worth $831,000 after acquiring an additional 142 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research note on Tuesday, February 25th. DA Davidson reissued a “buy” rating and set a $117.00 target price on shares of Walmart in a research note on Friday, May 16th. Barclays reissued an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. The Goldman Sachs Group reissued a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Walmart in a research note on Monday, June 9th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $106.50.

Walmart Stock Up 0.2%

WMT opened at $98.04 on Wednesday. The business’s 50-day simple moving average is $96.53 and its 200-day simple moving average is $94.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. Walmart Inc. has a one year low of $66.55 and a one year high of $105.30. The stock has a market capitalization of $782.37 billion, a P/E ratio of 41.90, a price-to-earnings-growth ratio of 4.78 and a beta of 0.69.

Walmart (NYSE:WMT) last posted 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. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business had revenue of $165.61 billion for the quarter, compared to analysts’ expectations of $164.53 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. Analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s 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 sale, the chief executive officer now owns 3,972,517 shares in the company, valued at $340,166,630.71. This represents a 0.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the sale, the executive vice president now owns 630,518 shares in the company, valued at approximately $62,421,282. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,419 shares of company stock worth $14,295,650. Company insiders own 45.58% of the company’s stock.

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.