Walmart Inc. (NYSE:WMT) Position Boosted by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 41.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 10,970 shares of the retailer’s stock after purchasing an additional 3,191 shares during the period. Tennessee Valley Asset Management Partners’ holdings in Walmart were worth $963,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WMT. Tallon Kerry Patrick acquired a new position in shares of Walmart in the fourth quarter worth about $252,000. LaFleur & Godfrey LLC boosted its holdings in shares of Walmart by 1.4% in the fourth quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer’s stock worth $6,283,000 after buying an additional 992 shares during the period. Eagle Capital Management LLC boosted its holdings in shares of Walmart by 9.1% in the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock worth $349,000 after buying an additional 321 shares during the period. Brighton Jones LLC boosted its holdings in shares of Walmart by 28.8% in the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after buying an additional 21,939 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Walmart in the fourth quarter worth about $10,645,000. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total transaction of $195,052.00. Following the sale, the executive vice president now owns 398,024 shares of the company’s stock, valued at $35,288,807.84. This represents a 0.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $94.77, for a total transaction of $166,795.20. Following the sale, the executive vice president now directly owns 650,977 shares in the company, valued at approximately $61,693,090.29. This represents a 0.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,294 shares of company stock valued at $12,656,659. 45.58% of the stock is owned by insiders.

Walmart Price Performance

NYSE:WMT opened at $94.24 on Wednesday. The stock has a market cap of $752.04 billion, a P/E ratio of 40.27, a PEG ratio of 4.60 and a beta of 0.69. Walmart Inc. has a one year low of $66.55 and a one year high of $105.30. The company has a fifty day moving average price of $96.13 and a 200 day moving average price of $94.11. 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 data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $164.53 billion. During the same quarter in the prior year, the company posted $0.60 EPS. The business’s revenue was up 2.5% on a year-over-year basis. Analysts anticipate 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 $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s payout ratio is 40.17%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Raymond James Financial decreased 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. DA Davidson restated a “buy” rating and set a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Roth Mkm restated a “buy” rating and set a $108.00 price target (up from $97.00) on shares of Walmart in a report on Friday, February 21st. KeyCorp raised their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, June 9th. Finally, Guggenheim restated a “buy” rating and set a $100.00 price target on shares of Walmart in a report on Monday, February 24th. 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.com, the stock has an average 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.