Walmart Inc. (NYSE:WMT) Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC cut its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 49.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,799 shares of the retailer's stock after selling 50,202 shares during the period. Boothbay Fund Management LLC's holdings in Walmart were worth $4,680,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in WMT. FPC Investment Advisory Inc. purchased a new stake in Walmart during the 4th quarter worth approximately $25,000. Horizon Financial Services LLC grew its stake in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. purchased a new stake in Walmart during the 4th quarter worth about $27,000. Decker Retirement Planning Inc. purchased a new position in shares of Walmart in the 4th quarter valued at about $32,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Walmart during the fourth quarter worth approximately $37,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Price Performance

NYSE:WMT traded up $0.27 during mid-day trading on Thursday, hitting $97.52. 5,986,632 shares of the company's stock traded hands, compared to its average volume of 17,805,423. Walmart Inc. has a 1 year low of $58.58 and a 1 year high of $105.30. The company has a market cap of $780.26 billion, a PE ratio of 40.45, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The firm's 50 day simple moving average is $90.43 and its 200 day simple moving average is $91.10.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio is presently 39.00%.

Analyst Upgrades and Downgrades

WMT has been the subject of several recent analyst reports. Erste Group Bank cut shares of Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price objective (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. DZ Bank raised Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research report on Tuesday, February 25th. Royal Bank of Canada dropped their price target on shares of Walmart from $107.00 to $102.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. Finally, Roth Mkm restated a "buy" rating and issued a $108.00 target price (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $103.58.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction 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 sale, the chief executive officer now directly owns 3,972,517 shares of the company's stock, valued at approximately $340,166,630.71. This represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 169,657 shares of company stock valued at $15,984,929. 45.58% of the stock is owned by insiders.

Walmart Company 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.