First Affirmative Financial Network Buys 186 Shares of Walmart Inc. (NYSE:WMT)

First Affirmative Financial Network grew its holdings in Walmart Inc. (NYSE:WMT) by 2.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 7,430 shares of the retailer’s stock after acquiring an additional 186 shares during the period. First Affirmative Financial Network’s holdings in Walmart were worth $652,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WMT. FPC Investment Advisory Inc. purchased a new position in shares of Walmart in the fourth quarter valued at about $25,000. Horizon Financial Services LLC lifted its position in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after acquiring an additional 262 shares in the last quarter. Noble Wealth Management PBC purchased a new position in shares of Walmart in the fourth quarter valued at about $37,000. Mizuho Bank Ltd. purchased a new position in shares of Walmart in the fourth quarter valued at about $41,000. Finally, Elevation Wealth Partners LLC lifted its position in shares of Walmart by 40.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer’s stock valued at $47,000 after acquiring an additional 150 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,148 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the transaction, the chief executive officer now owns 4,451,199 shares of the company’s stock, valued at approximately $429,896,799.42. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the transaction, the executive vice president now directly 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. Over the last 90 days, insiders have sold 137,534 shares of company stock valued at $12,833,664. 45.58% of the stock is currently owned by insiders.

Analyst Ratings Changes

WMT has been the topic of several research analyst reports. Oppenheimer boosted their price objective on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Walmart in a research report on Monday, May 5th. Robert W. Baird boosted their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Barclays reiterated an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Finally, Stifel Nicolaus decreased their target price on Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.16.

Walmart Trading Down 0.5%

Shares of WMT stock opened at $97.46 on Friday. Walmart Inc. has a 1 year low of $65.64 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The stock’s 50 day simple moving average is $94.71 and its two-hundred day simple moving average is $93.84. The company has a market cap of $779.77 billion, a PE ratio of 40.44, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to analysts’ expectations of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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

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.