Adams Diversified Equity Fund Inc. Has $31.64 Million Holdings in Walmart Inc. (NYSE:WMT)

Adams Diversified Equity Fund Inc. lowered its stake in Walmart Inc. (NYSE:WMT - Free Report) by 11.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 360,343 shares of the retailer's stock after selling 46,600 shares during the period. Walmart makes up approximately 1.3% of Adams Diversified Equity Fund Inc.'s holdings, making the stock its 18th biggest position. Adams Diversified Equity Fund Inc.'s holdings in Walmart were worth $31,635,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Berkshire Money Management Inc. bought a new position in shares of Walmart in the first quarter worth about $260,000. Slocum Gordon & Co LLP increased its stake in shares of Walmart by 1.9% in the first quarter. Slocum Gordon & Co LLP now owns 12,094 shares of the retailer's stock worth $1,062,000 after purchasing an additional 220 shares during the period. S.A. Mason LLC increased its stake in shares of Walmart by 2.6% in the first quarter. S.A. Mason LLC now owns 13,181 shares of the retailer's stock worth $1,157,000 after purchasing an additional 339 shares during the period. Mattern Wealth Management LLC increased its stake in shares of Walmart by 5.4% in the first quarter. Mattern Wealth Management LLC now owns 51,326 shares of the retailer's stock worth $4,506,000 after purchasing an additional 2,613 shares during the period. Finally, Global Assets Advisory LLC increased its stake in shares of Walmart by 200.7% in the first quarter. Global Assets Advisory LLC now owns 40,936 shares of the retailer's stock worth $3,551,000 after purchasing an additional 27,321 shares during the period. Institutional investors and hedge funds 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 company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total transaction of $195,052.00. Following the transaction, the executive vice president now owns 398,024 shares of the company's stock, valued at approximately $35,288,807.84. This represents a 0.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the transaction, the executive vice president now directly owns 520,275 shares in the company, valued at approximately $49,332,475.50. This represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 123,295 shares of company stock valued at $11,801,762 in the last three months. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Down 0.8%

Shares of WMT opened at $97.24 on Thursday. The company has a market capitalization of $776.02 billion, a P/E ratio of 41.56, a PEG ratio of 4.78 and a beta of 0.69. 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 Inc. has a one year low of $66.67 and a one year high of $105.30. The business's 50 day simple moving average is $96.65 and its 200-day simple moving average is $94.20.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. Walmart's revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 EPS. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm 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 of this dividend was Friday, May 9th. Walmart's payout ratio is currently 40.17%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WMT shares. KeyCorp lifted their price objective on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Robert W. Baird lifted their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Citigroup restated a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Oppenheimer boosted their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Walmart currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.50.

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.

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