Walmart Inc. (NYSE:WMT) Shares Purchased by Warren Street Wealth Advisors LLC

Warren Street Wealth Advisors LLC boosted its position in Walmart Inc. (NYSE:WMT) by 5.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,688 shares of the retailer’s stock after acquiring an additional 280 shares during the quarter. Warren Street Wealth Advisors LLC’s holdings in Walmart were worth $499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Lifestyle Asset Management Inc. purchased a new stake in shares of Walmart during the first quarter worth about $259,000. Secure Asset Management LLC increased its position in shares of Walmart by 21.6% during the first quarter. Secure Asset Management LLC now owns 32,257 shares of the retailer’s stock worth $2,832,000 after acquiring an additional 5,729 shares during the last quarter. Park Edge Advisors LLC increased its position in shares of Walmart by 5.8% during the first quarter. Park Edge Advisors LLC now owns 27,283 shares of the retailer’s stock worth $2,395,000 after acquiring an additional 1,506 shares during the last quarter. Brand Asset Management Group Inc. increased its position in shares of Walmart by 5.4% during the first quarter. Brand Asset Management Group Inc. now owns 2,598 shares of the retailer’s stock worth $228,000 after acquiring an additional 133 shares during the last quarter. Finally, Wealth Alliance Advisory Group LLC increased its position in shares of Walmart by 28.3% during the first quarter. Wealth Alliance Advisory Group LLC now owns 48,665 shares of the retailer’s stock worth $4,272,000 after acquiring an additional 10,740 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

WMT opened at $99.39 on Thursday. The company has a market capitalization of $795.21 billion, a price-to-earnings ratio of 41.24, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. 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 $65.64 and a 1-year high of $105.30. The business has a 50 day moving average price of $94.33 and a two-hundred day moving average price of $93.67.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. Research analysts predict 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 paid a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s dividend payout ratio (DPR) is currently 40.17%.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares of the company’s stock, valued at $76,350,158.55. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,534 shares of company stock valued at $12,833,664 in the last three months. 45.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on WMT shares. JPMorgan Chase & Co. boosted their price objective on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Oppenheimer boosted their price objective on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. KeyCorp boosted their price objective on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a report on Monday, May 5th. Finally, Piper Sandler boosted their price objective on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, thirty-one 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 has a consensus rating of “Moderate Buy” and a consensus price target of $105.16.

About Walmart

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.