Montz Harcus Wealth Management LLC Acquires 392 Shares of Walmart Inc. (NYSE:WMT)

Montz Harcus Wealth Management LLC raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 7.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,704 shares of the retailer’s stock after purchasing an additional 392 shares during the quarter. Montz Harcus Wealth Management LLC’s holdings in Walmart were worth $501,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in WMT. FPC Investment Advisory Inc. purchased a new position in shares of Walmart during the fourth quarter valued at $25,000. Horizon Financial Services LLC increased its stake in shares of Walmart by 1,007.7% during 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 during the period. Noble Wealth Management PBC purchased a new position in shares of Walmart during the fourth quarter valued at $37,000. Mizuho Bank Ltd. purchased a new position in shares of Walmart during the fourth quarter valued at $41,000. Finally, Nexus Investment Management ULC purchased a new position in shares of Walmart during the first quarter valued at $49,000. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the business’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 value of $217,800.00. Following the completion of the transaction, the executive vice president now directly owns 630,518 shares of the company’s stock, valued at approximately $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,760 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $94.77, for a total value of $166,795.20. Following the completion of the transaction, the executive vice president now directly owns 650,977 shares of the company’s stock, valued at $61,693,090.29. The trade was a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,294 shares of company stock valued at $12,656,659 over the last quarter. 45.58% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

WMT has been the subject of a number of recent research reports. Roth Mkm reiterated a “buy” rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Erste Group Bank downgraded shares of Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Truist Financial boosted their target price on shares of Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Robert W. Baird increased their target price on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Finally, Oppenheimer increased their target price on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $106.50.

Walmart Trading Up 0.9%

Walmart stock opened at $95.10 on Thursday. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 52 week low of $66.55 and a 52 week high of $105.30. The company has a market capitalization of $758.95 billion, a price-to-earnings ratio of 40.64, a price-to-earnings-growth ratio of 4.60 and a beta of 0.69. The stock has a 50-day moving average price of $96.24 and a 200 day moving average price of $94.11.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. Sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were issued 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 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.