Walmart Inc. (NYSE:WMT) Shares Acquired by Ring Mountain Capital LLC

Ring Mountain Capital LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 9.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,478 shares of the retailer’s stock after purchasing an additional 295 shares during the period. Ring Mountain Capital LLC’s holdings in Walmart were worth $305,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. World Investment Advisors raised its position in Walmart by 7.6% in the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock valued at $24,532,000 after purchasing an additional 19,233 shares during the period. Full Sail Capital LLC raised its position 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 period. Leslie Global Wealth LLC grew its stake in shares of Walmart by 22.0% in the fourth quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer’s stock worth $285,000 after acquiring an additional 568 shares in the last quarter. Scalar Gauge Management LLC grew its stake in shares of Walmart by 76.9% in the fourth quarter. Scalar Gauge Management LLC now owns 69,000 shares of the retailer’s stock worth $6,234,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Monument Capital Management grew its stake in shares of Walmart by 94.2% in the first quarter. Monument Capital Management now owns 55,004 shares of the retailer’s stock worth $4,829,000 after acquiring an additional 26,685 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WMT. The Goldman Sachs Group reissued a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. UBS Group cut their price target on shares of Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Robert W. Baird upped their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Stifel Nicolaus lowered their target price 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. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $103.00 target price (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. Two equities research 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 company’s stock. According to MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $106.67.

Walmart Price Performance

Shares of Walmart stock opened at $95.09 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The firm has a fifty day moving average price of $96.85 and a two-hundred day moving average price of $94.59. The company has a market cap of $758.85 billion, a PE ratio of 40.64, a price-to-earnings-growth ratio of 4.58 and a beta of 0.68.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating 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 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 earned $0.60 EPS. The business’s revenue was up 2.5% on a year-over-year basis. Analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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