Walmart Inc. (NYSE:WMT) Shares Purchased by Walkner Condon Financial Advisors LLC

Walkner Condon Financial Advisors LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 10.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,604 shares of the retailer’s stock after acquiring an additional 517 shares during the quarter. Walkner Condon Financial Advisors LLC’s holdings in Walmart were worth $492,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Eagle Strategies LLC increased its holdings in shares of Walmart by 7.8% during the first quarter. Eagle Strategies LLC now owns 5,413 shares of the retailer’s stock valued at $475,000 after acquiring an additional 391 shares in the last quarter. Vantage Point Financial LLC increased its holdings in shares of Walmart by 5.5% during the first quarter. Vantage Point Financial LLC now owns 5,470 shares of the retailer’s stock valued at $480,000 after acquiring an additional 283 shares in the last quarter. EQ Wealth Advisors LLC acquired a new position in shares of Walmart during the first quarter valued at about $35,000. Continuum Advisory LLC increased its holdings in shares of Walmart by 3.2% during the first quarter. Continuum Advisory LLC now owns 64,575 shares of the retailer’s stock valued at $5,669,000 after acquiring an additional 2,018 shares in the last quarter. Finally, Consolidated Planning Corp increased its holdings in shares of Walmart by 6.0% during the first quarter. Consolidated Planning Corp now owns 111,661 shares of the retailer’s stock valued at $9,803,000 after acquiring an additional 6,358 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $97.88 on Tuesday. The company’s fifty day moving average price is $96.45 and its 200 day moving average price is $94.15. Walmart Inc. has a 1 year low of $66.55 and a 1 year high of $105.30. The stock has a market capitalization of $781.12 billion, a P/E ratio of 41.83, a P/E/G ratio of 4.69 and a beta of 0.69. 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 (NYSE:WMT) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) 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 analysts’ expectations of $164.53 billion. During the same quarter last year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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 is currently 40.17%.

Analyst Ratings Changes

Several research firms have recently issued reports on WMT. Oppenheimer upped their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Citigroup reissued a “buy” rating on shares of Walmart in a research report on Tuesday, May 6th. Mizuho raised their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, June 9th. UBS Group reduced their price target on shares of Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, Robert W. Baird raised 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 Friday, May 16th. Two 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’s stock. According to MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.50.

Insider Activity at Walmart

In related news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the sale, the executive vice president now owns 945,434 shares of the company’s stock, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $93.50, for a total value of $374,000.00. Following the completion of the transaction, the executive vice president now owns 1,096,455 shares in the company, valued at $102,518,542.50. The trade was a 0.36% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,419 shares of company stock valued at $14,295,650. 45.58% of the stock is owned by company insiders.

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.