TFR Capital LLC. Raises Holdings in Walmart Inc. (NYSE:WMT)

TFR Capital LLC. increased its holdings in Walmart Inc. (NYSE:WMT) by 100.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 7,498 shares of the retailer’s stock after acquiring an additional 3,755 shares during the period. TFR Capital LLC.’s holdings in Walmart were worth $658,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Horizon Financial Services LLC boosted its position in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after buying an additional 262 shares during the period. EQ Wealth Advisors LLC purchased a new position in shares of Walmart during the first quarter worth $35,000. Mizuho Bank Ltd. purchased a new position in shares of Walmart during the fourth quarter worth $41,000. Nexus Investment Management ULC purchased a new position in shares of Walmart during the first quarter worth $49,000. Finally, WealthTrak Capital Management LLC purchased a new position in shares of Walmart during the fourth quarter worth $53,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Performance

Shares of WMT stock opened at $94.36 on Friday. The stock’s 50-day moving average is $97.10 and its two-hundred day moving average is $94.51. The firm has a market cap of $753.03 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 4.54 and a beta of 0.68. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. Analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s payout ratio is 40.17%.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the transaction, the chief executive officer owned 4,451,199 shares of the company’s stock, valued at approximately $429,896,799.42. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total value of $1,258,031.25. Following the transaction, the executive vice president directly owned 945,434 shares in the company, valued at approximately $90,619,848.90. This represents a 1.37% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,711 shares of company stock worth $13,710,319. 45.58% of the stock is owned by company insiders.

Analysts Set New Price Targets

WMT has been the subject of several research analyst reports. Raymond James Financial lowered their price target on Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Wall Street Zen upgraded Walmart from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Oppenheimer raised their price target on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. KeyCorp increased their price objective on Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, June 9th. Finally, Truist Financial increased their price objective on Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Two research analysts have 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.com, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $106.67.

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.