12,610 Shares in Walmart Inc. (NYSE:WMT) Purchased by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT) during the first quarter, HoldingsChannel reports. The institutional investor bought 12,610 shares of the retailer’s stock, valued at approximately $1,107,000.

Several other hedge funds also recently modified their holdings of the business. WFA Asset Management Corp lifted its holdings in Walmart by 17.9% in the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $184,000 after buying an additional 317 shares during the period. Farther Finance Advisors LLC raised its position in shares of Walmart by 82.2% during the 1st quarter. Farther Finance Advisors LLC now owns 229,311 shares of the retailer’s stock valued at $20,370,000 after acquiring an additional 103,423 shares during the last quarter. City Holding Co. lifted its stake in shares of Walmart by 0.6% in the 1st quarter. City Holding Co. now owns 191,855 shares of the retailer’s stock valued at $16,843,000 after purchasing an additional 1,177 shares during the period. CHICAGO TRUST Co NA lifted its stake in shares of Walmart by 1.3% in the 1st quarter. CHICAGO TRUST Co NA now owns 18,603 shares of the retailer’s stock valued at $1,633,000 after purchasing an additional 242 shares during the period. Finally, Deane Retirement Strategies Inc. boosted its position in shares of Walmart by 1.4% in the 1st quarter. Deane Retirement Strategies Inc. now owns 26,578 shares of the retailer’s stock worth $2,329,000 after purchasing an additional 378 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 0.5%

NYSE:WMT opened at $97.46 on Monday. Walmart Inc. has a twelve month low of $65.90 and a twelve month high of $105.30. The firm has a market capitalization of $779.77 billion, a price-to-earnings ratio of 40.44, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average price is $94.71 and its two-hundred day moving average price is $93.92.

Walmart (NYSE:WMT) last issued 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 net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the company earned $0.60 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Piper Sandler upped 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. 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. Raymond James cut their price target on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Sanford C. Bernstein restated an “outperform” rating on shares of Walmart in a report on Monday, May 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $102.00 target price on shares of Walmart in a research note on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $105.16.

Insiders Place Their Bets

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total transaction of $195,052.00. Following the completion of the transaction, the executive vice president now owns 398,024 shares in the company, valued at approximately $35,288,807.84. This represents a 0.55% 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 over the last 90 days. 45.58% of the stock is currently owned by insiders.

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.