Arista Wealth Management LLC Acquires 1,773 Shares of Walmart Inc. $WMT

Arista Wealth Management LLC raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 24.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,160 shares of the retailer’s stock after purchasing an additional 1,773 shares during the quarter. Walmart accounts for about 0.2% of Arista Wealth Management LLC’s portfolio, making the stock its 29th largest position. Arista Wealth Management LLC’s holdings in Walmart were worth $804,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Operose Advisors LLC raised its stake in shares of Walmart by 319.7% in the first quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock valued at $28,000 after acquiring an additional 243 shares during the period. Bear Mountain Capital Inc. raised its stake in shares of Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock valued at $32,000 after acquiring an additional 167 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Walmart by 432.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer’s stock valued at $32,000 after acquiring an additional 294 shares during the period. EQ Wealth Advisors LLC purchased a new stake in shares of Walmart in the first quarter valued at $35,000. Finally, Lipe & Dalton raised its stake in shares of Walmart by 95.2% in the first quarter. Lipe & Dalton now owns 410 shares of the retailer’s stock valued at $36,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 0.6%

NYSE WMT opened at $101.3140 on Wednesday. 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 $808.53 billion, a price-to-earnings ratio of 43.30, a price-to-earnings-growth ratio of 4.84 and a beta of 0.66. The company’s 50-day simple moving average is $97.74 and its two-hundred day simple moving average is $95.62. Walmart Inc. has a one year low of $73.72 and a one year high of $105.30.

Walmart Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a yield of 90.0%. Walmart’s dividend payout ratio (DPR) is 40.17%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the transaction, the executive vice president owned 945,434 shares of the company’s stock, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $216,568.00. Following the transaction, the executive vice president directly owned 628,318 shares in the company, valued at $61,851,623.92. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 113,989 shares of company stock worth $10,976,478. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of several recent analyst reports. Guggenheim reissued a “buy” rating and issued a $115.00 target price (up previously from $112.00) on shares of Walmart in a research note on Monday. Evercore ISI reissued an “outperform” rating and issued a $110.00 target price (up previously from $108.00) on shares of Walmart in a research note on Monday. Robert W. Baird increased their target price on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Oppenheimer increased their target price on shares of Walmart from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. Finally, Erste Group Bank raised shares of Walmart from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Walmart currently has an average rating of “Buy” and an average price target of $109.89.

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.