Walmart Inc. (NYSE:WMT) Stake Boosted by Brucke Financial Inc.

Brucke Financial Inc. increased its stake in Walmart Inc. (NYSE:WMT) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,616 shares of the retailer’s stock after purchasing an additional 275 shares during the quarter. Walmart makes up 2.4% of Brucke Financial Inc.’s investment portfolio, making the stock its 12th largest holding. Brucke Financial Inc.’s holdings in Walmart were worth $2,783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Whelan Financial grew its stake in Walmart by 2.3% during the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock valued at $392,000 after acquiring an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in Walmart by 1.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock valued at $538,000 after acquiring an additional 98 shares in the last quarter. Bedel Financial Consulting Inc. grew its stake in Walmart by 0.4% during the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer’s stock valued at $2,275,000 after acquiring an additional 102 shares in the last quarter. Scott & Selber Inc. grew its stake in Walmart by 3.7% during the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer’s stock valued at $256,000 after acquiring an additional 105 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC grew its stake in Walmart by 1.4% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer’s stock valued at $684,000 after acquiring an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the transaction, the chief executive officer owned 4,451,199 shares of the company’s stock, valued at approximately $429,896,799.42. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value 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 $61,851,623.92. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 146,112 shares of company stock worth $14,078,027. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WMT. UBS Group reduced their price target on Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Royal Bank Of Canada reiterated an “outperform” rating and set a $103.00 price target (up from $102.00) on shares of Walmart in a report on Monday, June 9th. Tigress Financial lifted their price target on Walmart from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Truist Financial lifted their price target on Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a report on Friday, May 16th. Finally, Oppenheimer boosted their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $106.67.

Walmart Price Performance

Walmart stock opened at $97.57 on Tuesday. Walmart Inc. has a 12-month low of $66.67 and a 12-month high of $105.30. The business’s 50-day simple moving average is $96.75 and its 200 day simple moving average is $94.89. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The stock has a market cap of $778.65 billion, a price-to-earnings ratio of 41.70, a P/E/G ratio of 4.69 and a beta of 0.68.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. 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 prior year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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

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.