Walmart Inc. (NYSE:WMT) Shares Acquired by TLW Wealth Management LLC

TLW Wealth Management LLC boosted its position in Walmart Inc. (NYSE:WMT) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,459 shares of the retailer’s stock after buying an additional 2,082 shares during the quarter. Walmart accounts for approximately 8.5% of TLW Wealth Management LLC’s holdings, making the stock its 4th biggest holding. TLW Wealth Management LLC’s holdings in Walmart were worth $14,174,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. Horizon Financial Services LLC increased its position in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after purchasing an additional 262 shares during the last quarter. EQ Wealth Advisors LLC acquired a new position in Walmart in the first quarter worth about $35,000. Mizuho Bank Ltd. acquired a new stake in Walmart during the fourth quarter valued at approximately $41,000. Nexus Investment Management ULC bought a new position in Walmart during the 1st quarter worth approximately $49,000. Finally, WealthTrak Capital Management LLC acquired a new position in shares of Walmart in the 4th quarter worth approximately $53,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the sale, the executive vice president directly owned 945,434 shares of the company’s stock, valued at $90,619,848.90. The trade was a 1.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction 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 directly owned 630,518 shares of the company’s stock, valued at approximately $62,421,282. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,511 shares of company stock valued at $13,493,751. 45.58% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. DA Davidson reissued a “buy” rating and set a $117.00 price target on shares of Walmart in a research report on Friday, May 16th. KeyCorp raised their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, June 9th. Erste Group Bank downgraded shares of Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Evercore ISI raised their target price on shares of Walmart from $105.00 to $107.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Finally, Citigroup restated a “buy” rating on shares of Walmart in a research note on Tuesday, May 6th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $106.50.

Walmart Trading Up 0.5%

Shares of NYSE:WMT opened at $98.25 on Wednesday. The stock has a market capitalization of $784.08 billion, a price-to-earnings ratio of 41.99, a PEG ratio of 4.77 and a beta of 0.68. Walmart Inc. has a 1-year low of $66.67 and a 1-year high of $105.30. The company has a 50 day moving average price of $96.97 and a 200 day moving average price of $94.29. 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 (NYSE:WMT) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (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 period in the previous year, the firm posted $0.60 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. On average, research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders 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 40.17%.

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.