Walmart Inc. (NYSE:WMT) Shares Bought by R.H. Dinel Investment Counsel Inc.

R.H. Dinel Investment Counsel Inc. increased its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 200.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,150 shares of the retailer's stock after purchasing an additional 28,100 shares during the quarter. Walmart makes up approximately 1.6% of R.H. Dinel Investment Counsel Inc.'s holdings, making the stock its 18th largest holding. R.H. Dinel Investment Counsel Inc.'s holdings in Walmart were worth $2,536,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Partnership Wealth Management LLC bought a new stake in shares of Walmart in the fourth quarter worth about $30,000. Able Wealth Management LLC bought a new stake in Walmart during the 4th quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in Walmart during the 4th quarter valued at approximately $32,000. Signature Resources Capital Management LLC bought a new stake in Walmart during the 4th quarter valued at approximately $35,000. Finally, Tidemark LLC bought a new stake in Walmart during the 4th quarter valued at approximately $37,000. 26.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WMT. Robert W. Baird lifted their price objective on Walmart from $65.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, May 17th. Roth Mkm lifted their target price on shares of Walmart from $69.00 to $71.00 and gave the company a "buy" rating in a report on Friday, May 17th. Raymond James lifted their target price on shares of Walmart from $63.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, May 17th. Morgan Stanley lifted their target price on shares of Walmart from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, May 17th. Finally, Truist Financial lifted their target price on shares of Walmart from $60.00 to $64.00 and gave the company a "hold" rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $69.97.

Insider Activity

In related news, EVP John D. Rainey sold 3,000 shares of the company's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $60.26, for a total value of $180,780.00. Following the completion of the transaction, the executive vice president now owns 524,613 shares of the company's stock, valued at approximately $31,613,179.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP John D. Rainey sold 3,000 shares of the company's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $60.26, for a total value of $180,780.00. Following the completion of the transaction, the executive vice president now owns 524,613 shares of the company's stock, valued at approximately $31,613,179.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy Patrick Flynn sold 30,000 shares of the company's stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the completion of the transaction, the director now directly owns 144,807 shares of the company's stock, valued at approximately $9,386,389.74. The disclosure for this sale can be found here. Insiders sold a total of 14,502,762 shares of company stock valued at $951,475,618 in the last 90 days. Company insiders own 45.58% of the company's stock.

Walmart Stock Performance

Shares of WMT stock traded down $0.17 during mid-day trading on Friday, reaching $67.71. 18,816,720 shares of the company's stock traded hands, compared to its average volume of 14,868,438. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $69.04. The firm has a 50 day moving average price of $64.07 and a two-hundred day moving average price of $59.35. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The firm has a market capitalization of $544.63 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) 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 firm had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. On average, research analysts forecast that Walmart Inc. will post 2.42 EPS for the current year.

About Walmart

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.