Walmart Inc. (NYSE:WMT) Shares Bought by Creekmur Asset Management LLC

Creekmur Asset Management LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 34,437 shares of the retailer’s stock after buying an additional 814 shares during the period. Walmart accounts for 0.6% of Creekmur Asset Management LLC’s investment portfolio, making the stock its 21st largest holding. Creekmur Asset Management LLC’s holdings in Walmart were worth $3,023,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Whelan Financial lifted its stake in shares of Walmart by 2.3% in the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock valued at $392,000 after purchasing an additional 97 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Walmart by 1.7% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock worth $538,000 after buying an additional 98 shares in the last quarter. Scott & Selber Inc. grew its holdings in shares of Walmart by 3.7% during the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer’s stock worth $256,000 after buying an additional 105 shares in the last quarter. Capital Advisors Wealth Management LLC grew its holdings in shares of Walmart by 1.4% during the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer’s stock worth $684,000 after buying an additional 105 shares in the last quarter. Finally, Planning Center Inc. grew its holdings in Walmart by 1.8% in the first quarter. Planning Center Inc. now owns 6,018 shares of the retailer’s stock valued at $528,000 after purchasing an additional 108 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

Shares of WMT opened at $94.88 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. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30. The firm’s 50 day moving average price is $96.85 and its two-hundred day moving average price is $94.59. The firm has a market cap of $757.14 billion, a P/E ratio of 40.58, a PEG ratio of 4.58 and a beta of 0.68.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating 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 firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. On average, analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total transaction of $217,800.00. Following the sale, the executive vice president directly owned 630,518 shares of the company’s stock, valued at $62,421,282. The trade was a 0.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kathryn J. Mclay sold 28,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the sale, the executive vice president directly owned 1,064,455 shares in the company, valued at $103,252,135. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 142,695 shares of company stock worth $13,710,162 over the last three months. 45.58% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on WMT shares. Citigroup reaffirmed a “buy” rating on shares of Walmart in a research report on Tuesday, May 6th. Evercore ISI upped their price target on shares of Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Walmart in a research note on Monday, May 5th. Raymond James Financial lowered their price target on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $103.00 target price (up from $102.00) on shares of Walmart in a research note on Monday, June 9th. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $106.67.

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.