Inscription Capital LLC Acquires New Shares in Walmart Inc. (NYSE:WMT)

Inscription Capital LLC bought a new position in shares of Walmart Inc. (NYSE:WMT) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 89,962 shares of the retailer’s stock, valued at approximately $7,898,000. Walmart comprises 1.3% of Inscription Capital LLC’s holdings, making the stock its 17th largest holding.

Several other institutional investors also recently modified their holdings of the stock. FPC Investment Advisory Inc. acquired a new stake in Walmart in the fourth quarter worth $25,000. Horizon Financial Services LLC raised its stake in Walmart by 1,007.7% during the 4th 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. Noble Wealth Management PBC acquired a new stake in Walmart during the 4th quarter worth $37,000. Mizuho Bank Ltd. bought a new position in Walmart during the fourth quarter worth about $41,000. Finally, Nexus Investment Management ULC acquired a new position in Walmart in the first quarter valued at about $49,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WMT has been the topic of a number of research analyst reports. Raymond James dropped their price target on Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Wall Street Zen upgraded shares of Walmart from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Mizuho upped their price target on shares of Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, June 9th. Barclays restated an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $103.00 target price (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $106.50.

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,760 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the transaction, the executive vice president now directly owns 520,275 shares in the company, valued at approximately $49,332,475.50. This represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now owns 888,309 shares of the company’s stock, valued at $76,350,158.55. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,534 shares of company stock worth $12,833,664 over the last three months. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $94.28 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average price is $96.04 and its two-hundred day moving average price is $94.11. The company has a market cap of $752.39 billion, a PE ratio of 39.12, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a twelve month low of $66.41 and a twelve month high of $105.30.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the previous year, the firm earned $0.60 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were paid a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a yield of 0.95%. Walmart’s dividend payout ratio (DPR) is currently 40.17%.

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.