Walmart Inc. (NYSE:WMT) Shares Acquired by Calamos Wealth Management LLC

by · The Cerbat Gem

Calamos Wealth Management LLC increased its position in shares of Walmart Inc. (NYSE:WMT – Free Report) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 255,428 shares of the retailer’s stock after purchasing an additional 1,796 shares during the quarter. Walmart accounts for 1.1% of Calamos Wealth Management LLC’s investment portfolio, making the stock its 18th biggest holding. Calamos Wealth Management LLC’s holdings in Walmart were worth $22,424,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Horizon Financial Services LLC raised its stake in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after buying an additional 262 shares during the last quarter. EQ Wealth Advisors LLC acquired a new position in Walmart during the first quarter worth about $35,000. Mizuho Bank Ltd. acquired a new position in Walmart during the fourth quarter worth about $41,000. Nexus Investment Management ULC purchased a new stake in shares of Walmart in the first quarter valued at about $49,000. Finally, WealthTrak Capital Management LLC acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $53,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Trading Up 0.7%

WMT stock opened at $98.29 on Friday. 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 company has a market cap of $784.40 billion, a price-to-earnings ratio of 42.00, a PEG ratio of 4.70 and a beta of 0.68. The business has a fifty day simple moving average of $97.07 and a 200-day simple moving average of $94.33. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30.

Walmart (NYSE:WMT – Get Free Report) last announced its quarterly 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 company had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 earnings per share. On average, equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart’s dividend payout ratio (DPR) is presently 40.17%.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the sale, the chief executive officer directly owned 4,451,199 shares in the company, valued at $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction 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. This represents a 1.37% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 142,711 shares of company stock worth $13,710,319. 45.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Truist Financial lifted their price objective on Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Tigress Financial raised their price target on Walmart from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday. Raymond James Financial cut their price target on Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Stifel Nicolaus reduced their price objective on Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $103.00 price objective (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $106.67.

Read Our Latest Report on WMT

Walmart Company Profile

(Free Report)

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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