Oak Family Advisors LLC Grows Position in Walmart Inc. (NYSE:WMT)

Oak Family Advisors LLC raised its position in Walmart Inc. (NYSE:WMTFree Report) by 201.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,816 shares of the retailer’s stock after purchasing an additional 75,383 shares during the quarter. Walmart accounts for approximately 2.6% of Oak Family Advisors LLC’s portfolio, making the stock its 11th largest holding. Oak Family Advisors LLC’s holdings in Walmart were worth $6,788,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of WMT. Norges Bank acquired a new stake in shares of Walmart in the fourth quarter valued at about $3,674,652,000. Raymond James & Associates grew its stake in shares of Walmart by 212.6% in the first quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock valued at $844,514,000 after buying an additional 9,544,958 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Walmart by 184.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock valued at $756,188,000 after purchasing an additional 8,144,393 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Walmart by 199.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,639,240 shares of the retailer’s stock valued at $459,653,000 after purchasing an additional 5,087,119 shares in the last quarter. Finally, BlueSpruce Investments LP acquired a new stake in Walmart during the 4th quarter valued at approximately $568,419,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $57.93, for a total value of $1,687,250.40. Following the transaction, the chief executive officer now directly owns 4,076,892 shares in the company, valued at approximately $236,187,943.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director S Robson Walton sold 5,816,175 shares of Walmart stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $57.95, for a total transaction of $337,066,728.50. Following the transaction, the director now owns 677,052,654 shares in the company, valued at $39,237,458,141.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $57.93, for a total value of $1,687,250.40. Following the transaction, the chief executive officer now owns 4,076,892 shares in the company, valued at approximately $236,187,943.20. The disclosure for this sale can be found here. Insiders have sold 32,559,390 shares of company stock worth $1,924,568,769 in the last three months. 46.51% of the stock is currently owned by insiders.

Walmart Price Performance

Shares of WMT stock traded up $0.97 during mid-day trading on Tuesday, hitting $65.15. 16,967,040 shares of the stock traded hands, compared to its average volume of 18,832,119. Walmart Inc. has a twelve month low of $48.34 and a twelve month high of $65.19. The firm has a market cap of $524.98 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 4.16 and a beta of 0.49. The company’s 50-day simple moving average is $60.48 and its 200-day simple moving average is $56.65. 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 issued its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. During the same period last year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts expect that Walmart Inc. will post 2.39 earnings per share for the current year.

Walmart Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be issued a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, December 13th. Walmart’s payout ratio is 35.52%.

Analyst Ratings Changes

A number of brokerages have weighed in on WMT. Stifel Europe raised their price objective on Walmart from $56.33 to $58.33 in a research note on Friday, February 16th. Roth Mkm raised their price objective on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research note on Friday. Royal Bank of Canada raised their price objective on Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday. The Goldman Sachs Group raised their price objective on Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research note on Friday. Finally, Morgan Stanley increased their target price on Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday. Four analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $68.01.

Check Out Our Latest Stock Analysis on WMT

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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