Walmart Inc. $WMT Position Raised by Venture Visionary Partners LLC

Venture Visionary Partners LLC raised its stake in Walmart Inc. (NYSE:WMTFree Report) by 59.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 198,450 shares of the retailer’s stock after buying an additional 73,977 shares during the quarter. Venture Visionary Partners LLC’s holdings in Walmart were worth $17,422,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Walmart by 0.8% during the first quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer’s stock valued at $37,395,120,000 after purchasing an additional 3,224,154 shares in the last quarter. Northern Trust Corp raised its position 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 acquiring an additional 3,550,037 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Walmart by 30.1% in the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer’s stock worth $2,922,770,000 after acquiring an additional 7,706,201 shares in the last quarter. Nuveen Asset Management LLC raised its position in Walmart by 0.8% in the fourth quarter. Nuveen Asset Management LLC now owns 29,843,892 shares of the retailer’s stock worth $2,696,396,000 after acquiring an additional 233,040 shares in the last quarter. Finally, Invesco Ltd. raised its position in Walmart by 2.9% in the first quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer’s stock worth $2,562,427,000 after acquiring an additional 823,020 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Up 0.7%

Shares of WMT stock opened at $100.65 on Tuesday. Walmart Inc. has a 12 month low of $73.34 and a 12 month high of $105.30. The firm has a market cap of $803.23 billion, a PE ratio of 43.01, a price-to-earnings-growth ratio of 4.80 and a beta of 0.66. The stock has a 50 day moving average of $97.67 and a 200-day moving average of $95.58. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47.

Walmart Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be paid a $0.235 dividend. This represents a dividend yield of 90.0%. The ex-dividend date is Friday, August 15th. Walmart’s dividend payout ratio is presently 40.17%.

Wall Street Analyst Weigh In

Several brokerages have commented on WMT. Wall Street Zen upgraded shares of Walmart from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Tigress Financial lifted their price target on Walmart from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a research note on Monday, May 5th. Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 price target on shares of Walmart in a research note on Thursday, August 14th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $103.00 price target (up previously from $102.00) on shares of Walmart in a research note on Monday, June 9th. One equities research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $109.89.

Get Our Latest Analysis on WMT

Insider Transactions at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 28,000 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total value of $2,716,000.00. Following the sale, the executive vice president directly owned 1,064,455 shares in the company, valued at $103,252,135. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the sale, the executive vice president owned 945,434 shares in the company, valued at $90,619,848.90. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,334 shares of company stock valued at $13,526,350. Company insiders own 0.10% of the company’s stock.

Walmart Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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