Walmart Inc. (NYSE:WMT) Shares Acquired by 1900 Wealth Management LLC

1900 Wealth Management LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 81.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,724 shares of the retailer’s stock after purchasing an additional 4,365 shares during the quarter. 1900 Wealth Management LLC’s holdings in Walmart were worth $585,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Valley Brook Capital Group Inc. boosted its holdings in Walmart by 4.2% during the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after acquiring an additional 315 shares during the period. Motco boosted its holdings in Walmart by 1.3% during the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after acquiring an additional 726 shares during the period. Oak Family Advisors LLC boosted its holdings in Walmart by 201.4% during the 1st quarter. Oak Family Advisors LLC now owns 112,816 shares of the retailer’s stock valued at $6,788,000 after acquiring an additional 75,383 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in Walmart by 24.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock valued at $12,351,000 after acquiring an additional 15,448 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in Walmart during the 4th quarter valued at about $2,340,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Price Performance

WMT stock traded up $0.08 on Wednesday, reaching $65.23. 14,874,767 shares of the company’s stock were exchanged, compared to its average volume of 18,793,629. The stock has a fifty day moving average of $60.56 and a 200-day moving average of $56.71. Walmart Inc. has a twelve month low of $48.34 and a twelve month high of $65.69. The firm has a market cap of $525.63 billion, a PE ratio of 27.92, a P/E/G ratio of 4.10 and a beta of 0.49. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. Walmart’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities analysts predict that Walmart Inc. will post 2.41 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be given a dividend of $0.2075 per share. The ex-dividend date is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a yield of 1.27%. Walmart’s payout ratio is 35.52%.

Insiders Place Their Bets

In other Walmart news, Director S Robson Walton sold 3,540,250 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $64.55, for a total transaction of $228,523,137.50. Following the sale, the director now directly owns 648,504,011 shares in the company, valued at $41,860,933,910.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, major shareholder Alice L. Walton sold 345,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $60.93, for a total value of $21,020,850.00. Following the sale, the insider now directly owns 652,044,261 shares in the company, valued at $39,729,056,822.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director S Robson Walton sold 3,540,250 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $64.55, for a total value of $228,523,137.50. Following the completion of the sale, the director now owns 648,504,011 shares in the company, valued at $41,860,933,910.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,743,215 shares of company stock worth $1,587,502,040. 46.51% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WMT. DA Davidson raised their target price on Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on Walmart from $62.00 to $63.33 and gave the company a “buy” rating in a research note on Friday, February 16th. Raymond James lifted their price objective on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Bank of America lifted their price objective on Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Jefferies Financial Group lifted their price objective on Walmart from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average price target of $68.01.

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.