Ameliora Wealth Management Ltd. Sells 13,982 Shares of Walmart Inc. (NYSE:WMT)

Ameliora Wealth Management Ltd. cut its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 25.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,316 shares of the retailer's stock after selling 13,982 shares during the period. Walmart accounts for approximately 1.4% of Ameliora Wealth Management Ltd.'s holdings, making the stock its 21st biggest holding. Ameliora Wealth Management Ltd.'s holdings in Walmart were worth $3,627,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in WMT. Whelan Financial lifted its holdings in Walmart by 2.3% in the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock worth $392,000 after buying an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Walmart by 1.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock valued at $538,000 after purchasing an additional 98 shares in the last quarter. Coyle Financial Counsel LLC raised its stake in shares of Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock valued at $310,000 after purchasing an additional 102 shares in the last quarter. SC&H Financial Advisors Inc. grew its position in shares of Walmart by 1.0% during the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock valued at $924,000 after buying an additional 103 shares during the last quarter. Finally, Blackston Financial Advisory Group LLC grew its position in shares of Walmart by 0.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock valued at $1,417,000 after buying an additional 106 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Erste Group Bank cut shares of Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Raymond James cut their target price on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. UBS Group reduced their price target on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. DZ Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research report on Tuesday, February 25th. Finally, KeyCorp upped their price objective on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $105.68.

Walmart Stock Down 1.7%

Shares of WMT traded down $1.62 during trading hours on Wednesday, reaching $95.70. The stock had a trading volume of 16,357,466 shares, compared to its average volume of 17,868,540. Walmart Inc. has a 12 month low of $65.90 and a 12 month high of $105.30. The firm has a 50-day simple moving average of $95.06 and a 200 day simple moving average of $93.99. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $765.70 billion, a price-to-earnings ratio of 39.71, a P/E/G ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same period last year, the business earned $0.60 EPS. Walmart's quarterly revenue was up 2.5% compared to the same quarter last year. Equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were paid a dividend of $0.235 per share. 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 presently 40.17%.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. The trade was a 0.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total value of $195,052.00. Following the transaction, the executive vice president now directly owns 398,024 shares of the company's stock, valued at $35,288,807.84. The trade was a 0.55% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,534 shares of company stock worth $12,833,664. Corporate insiders own 45.58% of the company's stock.

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.