Frisch Financial Group Inc. Acquires 246 Shares of Walmart Inc. $WMT

Frisch Financial Group Inc. raised its stake in shares of Walmart Inc. (NYSE:WMT) by 6.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,884 shares of the retailer’s stock after acquiring an additional 246 shares during the period. Frisch Financial Group Inc.’s holdings in Walmart were worth $342,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Full Sail Capital LLC boosted its holdings in Walmart by 6.6% in the fourth quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer’s stock worth $786,000 after purchasing an additional 541 shares during the last quarter. Leslie Global Wealth LLC raised its stake in Walmart by 22.0% during the 4th quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer’s stock valued at $285,000 after buying an additional 568 shares during the last quarter. Monument Capital Management lifted its holdings in shares of Walmart by 94.2% during the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer’s stock valued at $4,829,000 after buying an additional 26,685 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Walmart by 11.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,959,752 shares of the retailer’s stock worth $698,787,000 after buying an additional 838,689 shares during the last quarter. Finally, Milestone Asset Management LLC boosted its stake in shares of Walmart by 156.7% in the 1st quarter. Milestone Asset Management LLC now owns 54,659 shares of the retailer’s stock worth $4,799,000 after buying an additional 33,370 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WMT shares. Robert W. Baird increased their target price on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Wall Street Zen upgraded shares of Walmart from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Truist Financial boosted their target price on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Citigroup reaffirmed a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. Finally, Erste Group Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $109.89.

Walmart Trading Up 0.6%

Shares of WMT stock 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 stock has a fifty day simple moving average of $97.74 and a two-hundred day simple moving average of $95.62. The firm has a market capitalization of $808.53 billion, a PE ratio of 43.30, a PEG ratio of 4.84 and a beta of 0.66. Walmart Inc. has a 52-week low of $73.72 and a 52-week high of $105.30.

Walmart Dividend Announcement

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

Insiders Place Their Bets

In related news, 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 transaction of $1,258,031.25. Following the completion of the transaction, the executive vice president owned 945,434 shares in the company, valued at approximately $90,619,848.90. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the sale, the chief executive officer owned 4,451,199 shares in the company, valued at approximately $429,896,799.42. This represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,989 shares of company stock valued at $10,976,478. 0.10% of the stock is owned by company 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.