Walmart Inc. (NYSE:WMT) Shares Acquired by Bleakley Financial Group LLC

by · The Markets Daily

Bleakley Financial Group LLC increased its holdings in Walmart Inc. (NYSE:WMT – Free Report) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,569 shares of the retailer’s stock after acquiring an additional 2,215 shares during the quarter. Bleakley Financial Group LLC’s holdings in Walmart were worth $11,463,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Eagle Capital Management LLC increased its stake in Walmart by 9.1% in the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock valued at $349,000 after buying an additional 321 shares during the period. Brighton Jones LLC increased its stake in Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock valued at $8,868,000 after buying an additional 21,939 shares during the period. Revolve Wealth Partners LLC increased its stake in Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock valued at $800,000 after buying an additional 485 shares during the period. Highview Capital Management LLC DE increased its stake in Walmart by 4.9% in the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer’s stock valued at $3,338,000 after buying an additional 1,720 shares during the period. Finally, Proficio Capital Partners LLC increased its stake in Walmart by 6.8% in the 4th quarter. Proficio Capital Partners LLC now owns 90,423 shares of the retailer’s stock valued at $8,170,000 after buying an additional 5,765 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Kathryn J. Mclay sold 28,000 shares of the firm’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the transaction, the executive vice president directly owned 1,064,455 shares in the company, valued at $103,252,135. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the transaction, the executive vice president owned 630,518 shares in the company, valued at $62,421,282. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 142,711 shares of company stock valued at $13,710,319. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.5%

WMT opened at $94.36 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The firm has a 50 day moving average price of $97.10 and a 200 day moving average price of $94.52. The company has a market cap of $753.03 billion, a PE ratio of 40.32, a price-to-earnings-growth ratio of 4.54 and a beta of 0.68.

Walmart (NYSE:WMT – Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter last year, the company earned $0.60 earnings per share. Walmart’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WMT. Oppenheimer upped their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Mizuho upped their target price on shares of Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, June 9th. Stifel Nicolaus dropped their target price on shares of Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Raymond James Financial dropped their target price on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Finally, Citigroup reaffirmed a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.67.

Read Our Latest Report on Walmart

Walmart 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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