Alexander Labrunerie & CO. Inc. Purchases 8,060 Shares of Walmart Inc. (NYSE:WMT)

Alexander Labrunerie & CO. Inc. boosted its position in Walmart Inc. (NYSE:WMT) by 8.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,314 shares of the retailer’s stock after buying an additional 8,060 shares during the period. Walmart makes up 4.1% of Alexander Labrunerie & CO. Inc.’s holdings, making the stock its 5th biggest holding. Alexander Labrunerie & CO. Inc.’s holdings in Walmart were worth $9,509,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. World Investment Advisors increased its position in shares of Walmart by 7.6% during the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock worth $24,532,000 after acquiring an additional 19,233 shares in the last quarter. Full Sail Capital LLC lifted its stake in Walmart by 6.6% in the fourth quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer’s stock valued at $786,000 after purchasing an additional 541 shares during the last quarter. Leslie Global Wealth LLC lifted its stake in Walmart by 22.0% in the fourth quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer’s stock valued at $285,000 after purchasing an additional 568 shares during the last quarter. Scalar Gauge Management LLC lifted its stake in Walmart by 76.9% in the fourth quarter. Scalar Gauge Management LLC now owns 69,000 shares of the retailer’s stock valued at $6,234,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Monument Capital Management lifted its stake in Walmart by 94.2% in the first quarter. Monument Capital Management now owns 55,004 shares of the retailer’s stock valued at $4,829,000 after purchasing an additional 26,685 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the sale, the executive vice president directly owned 628,318 shares in the company, valued at approximately $61,851,623.92. The trade was a 0.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,744 shares of Walmart stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $95.60, for a total transaction of $166,726.40. Following the transaction, the executive vice president directly owned 649,233 shares of the company’s stock, valued at approximately $62,066,674.80. This trade represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 142,695 shares of company stock worth $13,710,162. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Mizuho upped their price target on shares of Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, June 9th. Stifel Nicolaus lowered their price objective on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 target price on shares of Walmart in a report on Monday, June 9th. Wall Street Zen raised shares of Walmart from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $106.67.

Walmart Trading Down 0.0%

NYSE WMT opened at $95.12 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The company has a market capitalization of $759.08 billion, a price-to-earnings ratio of 40.65, a price-to-earnings-growth ratio of 4.58 and a beta of 0.68. The company’s 50-day simple moving average is $96.85 and its two-hundred day simple moving average is $94.59. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30.

Walmart (NYSE:WMT) last released its 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 net margin of 2.75% and a return on equity of 21.76%. The company had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. During the same period last year, the business earned $0.60 EPS. Walmart’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed 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 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.