Walmart Inc. (NYSE:WMT) Shares Purchased by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 15.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,347 shares of the retailer’s stock after purchasing an additional 1,926 shares during the period. Lake Street Private Wealth LLC’s holdings in Walmart were worth $1,260,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Wealth Management Partners LLC raised its position in shares of Walmart by 2.3% in the 1st quarter. Wealth Management Partners LLC now owns 15,870 shares of the retailer’s stock valued at $1,393,000 after purchasing an additional 364 shares in the last quarter. Fermata Advisors LLC raised its position in shares of Walmart by 18.4% in the 1st quarter. Fermata Advisors LLC now owns 14,191 shares of the retailer’s stock valued at $1,246,000 after purchasing an additional 2,208 shares in the last quarter. Wealth Group Ltd. raised its position in shares of Walmart by 4.6% during the 1st quarter. Wealth Group Ltd. now owns 4,595 shares of the retailer’s stock valued at $403,000 after acquiring an additional 200 shares in the last quarter. Naples Global Advisors LLC raised its position in shares of Walmart by 1.0% during the 1st quarter. Naples Global Advisors LLC now owns 48,005 shares of the retailer’s stock valued at $4,225,000 after acquiring an additional 481 shares in the last quarter. Finally, Bay Rivers Group acquired a new stake in shares of Walmart during the 1st quarter valued at approximately $1,066,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the transaction, the chief executive officer now owns 3,972,517 shares of the company’s stock, valued at $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $35,288,807.84. This represents a 0.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,534 shares of company stock valued at $12,833,664 over the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WMT shares. Wall Street Zen raised Walmart from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Oppenheimer upped their price target on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Barclays reissued an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.16.

Walmart Trading Down 0.6%

NYSE:WMT opened at $99.39 on Thursday. Walmart Inc. has a 1 year low of $65.64 and a 1 year high of $105.30. The stock has a market cap of $795.21 billion, a price-to-earnings ratio of 41.24, a PEG ratio of 4.42 and a beta of 0.69. The business has a fifty day moving average of $94.33 and a 200-day moving average of $93.67. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

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, topping the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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