LexAurum Advisors LLC Boosts Position in Walmart Inc. (NYSE:WMT)

LexAurum Advisors LLC boosted its holdings in Walmart Inc. (NYSE:WMT) by 2.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 11,104 shares of the retailer’s stock after buying an additional 275 shares during the period. LexAurum Advisors LLC’s holdings in Walmart were worth $975,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Walmart by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock valued at $38,194,278,000 after buying an additional 2,050,683 shares during the period. Geode Capital Management LLC grew its position in shares of Walmart by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock worth $8,167,186,000 after buying an additional 3,017,829 shares in the last quarter. Norges Bank acquired a new position in Walmart in the fourth quarter worth $5,737,355,000. Fisher Asset Management LLC boosted its holdings in Walmart by 2.4% in the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock worth $4,408,452,000 after purchasing an additional 1,133,201 shares during the period. Finally, Northern Trust Corp boosted its holdings in Walmart by 8.9% in the fourth 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 period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 0.5%

NYSE:WMT opened at $97.46 on Friday. Walmart Inc. has a 12 month low of $65.90 and a 12 month high of $105.30. The firm has a market cap of $779.77 billion, a price-to-earnings ratio of 40.44, a P/E/G ratio of 4.42 and a beta of 0.69. The company’s 50 day moving average is $94.71 and its 200-day moving average is $93.88. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last issued its quarterly 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 21.87% and a net margin of 2.85%. The company had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same period in the previous year, the company earned $0.60 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction of $217,800.00. Following the completion of the transaction, the executive vice president now directly owns 630,518 shares in the company, valued at $62,421,282. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 3,972,517 shares of the company’s stock, valued at $340,166,630.71. This represents a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. DA Davidson reiterated a “buy” rating and issued a $117.00 target price on shares of Walmart in a research note on Friday, May 16th. Truist Financial boosted their price target on shares of Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Barclays reissued an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Guggenheim reissued a “buy” rating and issued a $100.00 price target on shares of Walmart in a research note on Monday, February 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $102.00 target price on shares of Walmart in a research note on Friday, May 16th. 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 stock. According to data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $105.16.

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.