Advisor OS LLC Sells 3,558 Shares of Walmart Inc. (NYSE:WMT)

Advisor OS LLC decreased its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 11.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,145 shares of the retailer's stock after selling 3,558 shares during the period. Advisor OS LLC's holdings in Walmart were worth $2,471,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Horizon Financial Services LLC lifted its holdings in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after acquiring an additional 262 shares during the last quarter. Bear Mountain Capital Inc. raised its holdings in shares of Walmart by 98.2% during the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after buying an additional 167 shares during the last quarter. EQ Wealth Advisors LLC bought a new stake in shares of Walmart during the first quarter valued at approximately $35,000. Lipe & Dalton raised its holdings in shares of Walmart by 95.2% during the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after buying an additional 200 shares during the last quarter. Finally, Mizuho Bank Ltd. bought a new stake in shares of Walmart during the fourth quarter valued at approximately $41,000. Institutional investors own 26.76% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. KeyCorp lifted their price target on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, June 9th. Royal Bank Of Canada reiterated an "outperform" rating and set a $103.00 price objective (up previously from $102.00) on shares of Walmart in a research note on Monday, June 9th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. DA Davidson reiterated a "buy" rating and set a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. Finally, Stifel Nicolaus lowered their price objective on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Walmart currently has an average rating of "Moderate Buy" and an average price target of $106.67.

Walmart Stock Performance

Shares of NYSE WMT traded up $0.94 during mid-day trading on Thursday, reaching $96.62. 14,977,777 shares of the company were exchanged, compared to its average volume of 13,743,034. The company's 50-day simple moving average is $96.77 and its 200-day simple moving average is $94.77. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $771.05 billion, a P/E ratio of 41.29, a P/E/G ratio of 4.60 and a beta of 0.68. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30.

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

Walmart Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were paid a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio (DPR) is 40.17%.

Insiders Place Their Bets

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $95.14, for a total value of $380,560.00. Following the completion of the transaction, the executive vice president directly owned 1,056,455 shares in the company, valued at approximately $100,511,128.70. The trade was a 0.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the transaction, the executive vice president owned 628,318 shares of the company's stock, valued at $61,851,623.92. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 126,696 shares of company stock worth $12,222,245. 45.58% of the stock is currently owned by insiders.

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.