Jackson Wealth Management LLC Purchases 926 Shares of Walmart Inc. (NYSE:WMT)

Jackson Wealth Management LLC raised its stake in Walmart Inc. (NYSE:WMT) by 6.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,300 shares of the retailer’s stock after purchasing an additional 926 shares during the period. Jackson Wealth Management LLC’s holdings in Walmart were worth $1,343,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Walmart by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock worth $38,194,278,000 after acquiring an additional 2,050,683 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Walmart by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock worth $8,167,186,000 after acquiring an additional 3,017,829 shares during the period. Norges Bank bought a new position in shares of Walmart during the 4th quarter worth about $5,737,355,000. Northern Trust Corp lifted its holdings in shares of Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock worth $3,943,049,000 after acquiring an additional 3,550,037 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of Walmart by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer’s stock worth $3,796,129,000 after purchasing an additional 514,036 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Stock Performance

Shares of WMT opened at $98.29 on Friday. The company has a market cap of $784.40 billion, a PE ratio of 42.00, a price-to-earnings-growth ratio of 4.73 and a beta of 0.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The firm has a 50-day moving average of $97.14 and a 200-day moving average of $94.36. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. Walmart’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 EPS. As a group, equities analysts forecast 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. Stockholders of record on Monday, May 12th were given a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s payout ratio is presently 40.17%.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 945,434 shares in the company, valued at approximately $90,619,848.90. The trade was a 1.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction of $217,800.00. Following the transaction, the executive vice president owned 630,518 shares of the company’s stock, valued at approximately $62,421,282. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 142,711 shares of company stock valued at $13,710,319 over the last quarter. 45.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on WMT shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $103.00 target price (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. Stifel Nicolaus lowered their price objective on shares of Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Mizuho raised their price objective on shares of Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, June 9th. Evercore ISI raised their price objective on shares of Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Finally, Truist Financial raised their target price on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average price target 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.