Argus Investors Counsel Inc. Buys 16,154 Shares of Walmart Inc. (NYSE:WMT)

Argus Investors Counsel Inc. grew its stake in Walmart Inc. (NYSE:WMTFree Report) by 162.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,099 shares of the retailer’s stock after acquiring an additional 16,154 shares during the period. Argus Investors Counsel Inc.’s holdings in Walmart were worth $1,570,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC purchased a new position in Walmart during the third quarter valued at approximately $25,000. Northwest Capital Management Inc increased its holdings in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after buying an additional 293 shares during the period. Partnership Wealth Management LLC purchased a new position in Walmart during the fourth quarter valued at approximately $30,000. Able Wealth Management LLC purchased a new position in Walmart during the fourth quarter valued at approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in Walmart during the fourth quarter valued at approximately $32,000. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Barclays lifted their price objective on shares of Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a report on Monday. Roth Mkm lifted their price objective on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a report on Friday, May 17th. JPMorgan Chase & Co. lifted their price objective on shares of Walmart from $54.33 to $58.67 and gave the company a “neutral” rating in a report on Monday, February 19th. Stifel Nicolaus lifted their price target on shares of Walmart from $65.00 to $69.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Finally, TD Cowen lifted their price target on shares of Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Four research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.01.

Get Our Latest Report on Walmart

Walmart Stock Performance

NYSE WMT traded down $0.40 on Thursday, reaching $64.85. 16,214,882 shares of the company’s stock traded hands, compared to its average volume of 18,767,791. The firm has a market cap of $522.56 billion, a price-to-earnings ratio of 27.75, a P/E/G ratio of 3.76 and a beta of 0.49. The stock has a 50 day moving average price of $60.64 and a 200-day moving average price of $56.77. Walmart Inc. has a fifty-two week low of $48.34 and a fifty-two week high of $65.69. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80.

Walmart (NYSE:WMTGet Free Report) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts predict that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be issued a $0.2075 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a yield of 1.28%. Walmart’s payout ratio is 35.52%.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Jim C. Walton sold 2,000 shares of Walmart stock in a transaction on Monday, February 26th. The shares were sold at an average price of $58.78, for a total value of $117,560.00. Following the completion of the transaction, the insider now owns 656,395,261 shares of the company’s stock, valued at $38,582,913,441.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Alice L. Walton sold 500,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $58.39, for a total transaction of $29,195,000.00. Following the completion of the sale, the insider now owns 653,067,261 shares of the company’s stock, valued at $38,132,597,369.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Jim C. Walton sold 2,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $58.78, for a total transaction of $117,560.00. Following the sale, the insider now directly owns 656,395,261 shares of the company’s stock, valued at approximately $38,582,913,441.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,763,075 shares of company stock valued at $1,239,224,994. Corporate insiders own 46.51% of the company’s stock.

Walmart Company 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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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