Mendel Money Management Raises Stock Position in Walmart Inc. (NYSE:WMT)

Mendel Money Management increased its holdings in Walmart Inc. (NYSE:WMT) by 13.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,727 shares of the retailer’s stock after buying an additional 330 shares during the period. Mendel Money Management’s holdings in Walmart were worth $239,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. World Investment Advisors raised its holdings in shares of Walmart by 7.6% during the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock valued at $24,532,000 after purchasing an additional 19,233 shares in the last quarter. Full Sail Capital LLC lifted its holdings in shares of Walmart by 6.6% during the 4th quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer’s stock worth $786,000 after acquiring an additional 541 shares during the period. Leslie Global Wealth LLC lifted its holdings in shares of Walmart by 22.0% during the 4th quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer’s stock worth $285,000 after acquiring an additional 568 shares during the period. Scalar Gauge Management LLC lifted its holdings in shares of Walmart by 76.9% during the 4th quarter. Scalar Gauge Management LLC now owns 69,000 shares of the retailer’s stock worth $6,234,000 after acquiring an additional 30,000 shares during the period. Finally, Monument Capital Management grew its position in shares of Walmart by 94.2% during the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer’s stock worth $4,829,000 after buying an additional 26,685 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Trading Down 0.3%

Shares of WMT opened at $95.59 on Thursday. The business’s 50-day moving average price is $96.77 and its 200-day moving average price is $94.73. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30. The stock has a market cap of $762.88 billion, a PE ratio of 40.85, a P/E/G ratio of 4.61 and a beta of 0.68. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. During the same quarter in the previous year, the company earned $0.60 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Analyst Ratings Changes

WMT has been the subject of several analyst reports. Oppenheimer lifted their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Mizuho lifted their price objective on shares of Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, June 9th. Robert W. Baird lifted their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Evercore ISI lifted their price objective on shares of Walmart from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.67.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the sale, the executive vice president owned 628,318 shares of the company’s stock, valued at approximately $61,851,623.92. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $97.19, for a total value of $1,887,041.04. Following the completion of the sale, the chief executive officer directly owned 4,431,783 shares of the company’s stock, valued at $430,724,989.77. The trade was a 0.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 126,696 shares of company stock valued at $12,222,245 over the last 90 days. 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.