Walmart Inc. (NYSE:WMT) Shares Acquired by Riggs Asset Managment Co. Inc.

Riggs Asset Managment Co. Inc. grew its position in Walmart Inc. (NYSE:WMT) by 7.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,211 shares of the retailer’s stock after buying an additional 5,880 shares during the quarter. Walmart accounts for 2.0% of Riggs Asset Managment Co. Inc.’s holdings, making the stock its 10th largest holding. Riggs Asset Managment Co. Inc.’s holdings in Walmart were worth $7,130,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Horizon Financial Services LLC grew its stake in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after buying an additional 262 shares in the last quarter. EQ Wealth Advisors LLC acquired a new position in Walmart during the 1st quarter worth $35,000. Mizuho Bank Ltd. acquired a new position in Walmart during the 4th quarter worth $41,000. Nexus Investment Management ULC acquired a new position in Walmart during the 1st quarter worth $49,000. Finally, WealthTrak Capital Management LLC acquired a new position in Walmart during the 4th quarter worth $53,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $97.19, for a total transaction of $1,887,041.04. Following the completion of the sale, the chief executive officer directly owned 4,431,783 shares of the company’s stock, valued at approximately $430,724,989.77. This trade represents a 0.44% 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 John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the sale, the executive vice president directly owned 628,318 shares of the company’s stock, valued at $61,851,623.92. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 142,711 shares of company stock worth $13,710,319. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.7%

Walmart stock opened at $98.29 on Friday. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The company has a market capitalization of $784.40 billion, a P/E ratio of 42.00, a PEG ratio of 4.73 and a beta of 0.68. The stock has a 50-day simple moving average of $97.14 and a 200-day simple moving average of $94.36.

Walmart (NYSE:WMT) last posted 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 business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the business earned $0.60 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wall Street Zen raised Walmart from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. UBS Group lowered their target price on Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Stifel Nicolaus lowered their target price on Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Raymond James Financial lowered their target price on Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $106.67.

Walmart Company 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.