Accurate Wealth Management LLC grew its position in shares of Walmart Inc. (NYSE:WMT – Free Report) by 24.8% in the 1st quarter, HoldingsChannel reports. The firm owned 39,552 shares of the retailer’s stock after acquiring an additional 7,861 shares during the quarter. Accurate Wealth Management LLC’s holdings in Walmart were worth $3,669,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Walmart in the fourth quarter worth approximately $5,737,355,000. Raymond James Financial Inc. bought a new stake in shares of Walmart in the 4th quarter worth approximately $2,306,627,000. GAMMA Investing LLC boosted its stake in shares of Walmart by 9,896.9% in the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer’s stock valued at $697,029,000 after purchasing an additional 7,860,306 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Walmart by 14.0% during the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock valued at $2,893,079,000 after purchasing an additional 3,927,173 shares during the last quarter. Finally, Northern Trust Corp raised its position in Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. Wall Street Zen raised Walmart from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. The Goldman Sachs Group reiterated a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. Truist Financial raised their target price on shares of Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, May 16th. UBS Group lowered their price target on shares of Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, KeyCorp upped their price target on Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.68.
Insider Activity at Walmart
In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. The trade was a 0.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total value of $195,052.00. Following the transaction, the executive vice president now directly owns 398,024 shares in the company, valued at $35,288,807.84. The trade was a 0.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,534 shares of company stock worth $12,833,664 over the last quarter. Company insiders own 45.58% of the company’s stock.
Walmart Price Performance
Shares of WMT opened at $97.45 on Tuesday. Walmart Inc. has a twelve month low of $65.90 and a twelve month high of $105.30. The company has a market capitalization of $779.66 billion, a P/E ratio of 40.43, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The firm has a 50 day moving average of $94.86 and a 200 day moving average of $93.97. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.
Walmart (NYSE:WMT – Get Free Report) last posted its 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 return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same quarter last year, the company earned $0.60 EPS. The company’s quarterly revenue 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 Dividend Announcement
The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were issued a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s payout ratio is 40.17%.
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.
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