Aries Wealth Management Has $4.87 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Aries Wealth Management decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,455 shares of the retailer’s stock after selling 312 shares during the period. Walmart accounts for about 1.3% of Aries Wealth Management’s portfolio, making the stock its 18th biggest position. Aries Wealth Management’s holdings in Walmart were worth $4,868,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WMT. Tallon Kerry Patrick bought a new stake in shares of Walmart during the 4th quarter valued at about $252,000. LaFleur & Godfrey LLC boosted its position in shares of Walmart by 1.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer’s stock valued at $6,283,000 after purchasing an additional 992 shares in the last quarter. Eagle Capital Management LLC boosted its position in shares of Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock valued at $349,000 after purchasing an additional 321 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock valued at $8,868,000 after purchasing an additional 21,939 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Walmart during the 4th quarter valued at about $10,645,000. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of several recent research reports. Wall Street Zen upgraded Walmart from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 price target on shares of Walmart in a report on Monday, June 9th. Truist Financial increased their price target on Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Roth Mkm reiterated a “buy” rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. Finally, DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $106.50.

Walmart Stock Performance

Shares of WMT opened at $94.20 on Friday. Walmart Inc. has a 12 month low of $66.41 and a 12 month high of $105.30. The stock has a 50 day moving average of $95.79 and a 200 day moving average of $94.08. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $751.76 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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

Insider Activity 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 sale, the chief executive officer now owns 4,451,199 shares in the company, valued at $429,896,799.42. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,534 shares of company stock valued at $12,833,664. Company insiders own 45.58% of the company’s stock.

About Walmart

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.