Walmart Inc. (NYSE:WMT) Shares Purchased by Seven Mile Advisory

Seven Mile Advisory boosted its position in Walmart Inc. (NYSE:WMT) by 5.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 13,542 shares of the retailer’s stock after acquiring an additional 660 shares during the quarter. Walmart makes up 0.8% of Seven Mile Advisory’s investment portfolio, making the stock its 24th biggest position. Seven Mile Advisory’s holdings in Walmart were worth $1,189,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Full Sail Capital LLC raised its stake in shares of Walmart by 6.6% in the 4th quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer’s stock valued at $786,000 after purchasing an additional 541 shares in the last quarter. Leslie Global Wealth LLC raised its stake in shares of Walmart by 22.0% in the 4th quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer’s stock valued at $285,000 after purchasing an additional 568 shares in the last quarter. Monument Capital Management raised its stake in shares of Walmart by 94.2% in the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer’s stock valued at $4,829,000 after purchasing an additional 26,685 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised 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 valued at $698,787,000 after purchasing an additional 838,689 shares in the last quarter. Finally, Milestone Asset Management LLC grew its position in shares of Walmart by 156.7% during the 1st quarter. Milestone Asset Management LLC now owns 54,659 shares of the retailer’s stock valued at $4,799,000 after buying an additional 33,370 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of a number of recent research reports. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a research report on Monday, May 5th. Tigress Financial upped their target price on shares of Walmart from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. upped their target price on shares of Walmart from $112.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Mizuho restated an “outperform” rating and issued a $115.00 target price on shares of Walmart in a research report on Wednesday. Finally, Robert W. Baird upped their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $109.29.

Walmart Stock Down 0.9%

Shares of NYSE:WMT opened at $99.96 on Friday. 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 cap of $797.72 billion, a PE ratio of 42.72, a price-to-earnings-growth ratio of 4.80 and a beta of 0.66. Walmart Inc. has a 52 week low of $72.52 and a 52 week high of $105.30. The firm has a 50 day simple moving average of $97.60 and a 200 day simple moving average of $95.58.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 EPS. As a group, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be given 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 40.17%.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $95.58, for a total value of $1,855,781.28. Following the transaction, the chief executive officer owned 4,412,398 shares in the company, valued at approximately $421,737,000.84. This represents a 0.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the completion of the transaction, the executive vice president owned 932,313 shares in the company, valued at approximately $88,700,258.82. This represents a 1.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,334 shares of company stock worth $13,913,350 in the last quarter. Corporate insiders own 0.10% of the company’s stock.

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.