Walter & Keenan Wealth Management LLC IN ADV Has $7.70 Million Position in Walmart Inc. (NYSE:WMT)

Walter & Keenan Wealth Management LLC IN ADV increased its stake in shares of Walmart Inc. (NYSE:WMT) by 0.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 87,756 shares of the retailer’s stock after buying an additional 535 shares during the period. Walmart accounts for about 2.3% of Walter & Keenan Wealth Management LLC IN ADV’s portfolio, making the stock its 7th largest holding. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Walmart were worth $7,704,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new stake in Walmart in the 4th quarter valued at about $5,737,355,000. Raymond James Financial Inc. bought a new stake in Walmart in the 4th quarter valued at about $2,306,627,000. GAMMA Investing LLC boosted its holdings in Walmart by 9,896.9% in the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer’s stock valued at $697,029,000 after purchasing an additional 7,860,306 shares during the period. Bank of New York Mellon Corp boosted its holdings in Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock valued at $2,893,079,000 after purchasing an additional 3,927,173 shares during the period. Finally, Northern Trust Corp boosted its holdings in Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock valued at $3,943,049,000 after purchasing an additional 3,550,037 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

WMT stock opened at $95.10 on Friday. The company has a 50 day simple moving average of $96.32 and a 200 day simple moving average of $94.13. The stock has a market cap of $758.95 billion, a price-to-earnings ratio of 40.64, a P/E/G ratio of 4.64 and a beta of 0.69. Walmart Inc. has a 1 year low of $66.55 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last announced its quarterly earnings results 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 firm had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. During the same period in the prior year, the company posted $0.60 EPS. The company’s revenue was up 2.5% on a year-over-year basis. Research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total transaction of $195,052.00. Following the completion of the sale, the executive vice president now directly owns 398,024 shares in the company, valued at approximately $35,288,807.84. This represents a 0.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,294 shares of company stock worth $12,656,659. 45.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on WMT shares. 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 price objective on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a report on Friday, May 16th. DA Davidson reissued a “buy” rating and issued a $117.00 price objective on shares of Walmart in a report on Friday, May 16th. KeyCorp boosted their price objective on shares of Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, June 9th. Finally, Citigroup restated a “buy” rating on shares of Walmart in a research report on Tuesday, May 6th. Two investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $106.50.

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.