Walmart Inc. (NYSE:WMT) Shares Purchased by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,096 shares of the retailer’s stock after purchasing an additional 250 shares during the period. Walmart makes up about 1.6% of MADDEN SECURITIES Corp’s holdings, making the stock its 15th biggest position. MADDEN SECURITIES Corp’s holdings in Walmart were worth $4,222,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position 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 purchasing an additional 2,050,683 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Walmart by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock valued at $8,167,186,000 after purchasing an additional 3,017,829 shares during the period. Norges Bank purchased a new stake in Walmart during the fourth quarter worth about $5,737,355,000. Fisher Asset Management LLC grew its position in Walmart by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock worth $4,408,452,000 after buying an additional 1,133,201 shares during the period. Finally, Northern Trust Corp increased its holdings in Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock valued at $3,943,049,000 after buying an additional 3,550,037 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. DA Davidson restated a “buy” rating and issued a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Piper Sandler boosted their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Evercore ISI raised their price target on Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Mizuho boosted their price objective on shares of Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Royal Bank of Canada increased their price objective on shares of Walmart from $102.00 to $103.00 and gave the company an “outperform” rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.68.

Walmart Price Performance

Walmart stock opened at $97.45 on Tuesday. Walmart Inc. has a 1 year low of $65.90 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The firm has a 50 day moving average price of $94.86 and a 200 day moving average price of $93.97. The company has a market cap of $779.66 billion, a price-to-earnings ratio of 40.43, a PEG ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter last year, the business earned $0.60 EPS. Walmart’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts predict 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 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 payout ratio is currently 40.17%.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the transaction, the chief executive officer now owns 4,451,199 shares in the company, valued at $429,896,799.42. This represents a 0.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total transaction of $217,800.00. Following the completion of the sale, the executive vice president now directly owns 630,518 shares of the company’s stock, valued at $62,421,282. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,534 shares of company stock valued at $12,833,664. 45.58% of the stock is currently owned by corporate insiders.

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.