Arvest Investments Inc. Sells 2,722 Shares of Walmart Inc. (NYSE:WMT)

Arvest Investments Inc. decreased its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,456 shares of the retailer's stock after selling 2,722 shares during the quarter. Arvest Investments Inc.'s holdings in Walmart were worth $3,991,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the 4th quarter worth approximately $25,000. Horizon Financial Services LLC grew its position in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after purchasing an additional 262 shares during the period. Noble Wealth Management PBC acquired a new stake in Walmart in the 4th quarter valued at $37,000. Mizuho Bank Ltd. acquired a new stake in Walmart in the 4th quarter valued at $41,000. Finally, Nexus Investment Management ULC acquired a new stake in Walmart in the 1st quarter valued at $49,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Performance

Shares of WMT traded down $1.00 during trading hours on Thursday, hitting $94.80. The company's stock had a trading volume of 17,813,539 shares, compared to its average volume of 17,893,103. The company has a market cap of $758.48 billion, a price-to-earnings ratio of 39.34, a PEG ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The business has a 50 day simple moving average of $95.31 and a two-hundred day simple moving average of $94.01. Walmart Inc. has a 52-week low of $65.95 and a 52-week high of $105.30.

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, beating analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 EPS. On average, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were given a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio is currently 40.17%.

Analyst Ratings Changes

Several brokerages have weighed in on WMT. Citigroup restated a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Evercore ISI raised their price objective on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. DA Davidson restated a "buy" rating and set a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. DZ Bank upgraded Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a research note on Tuesday, February 25th. Finally, Roth Mkm restated a "buy" rating and set a $108.00 price objective (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $106.50.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction of $217,800.00. Following the completion of the transaction, the executive vice president now owns 630,518 shares of the company's stock, valued at $62,421,282. The trade was a 0.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now directly owns 888,309 shares of the company's stock, valued at $76,350,158.55. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,534 shares of company stock valued at $12,833,664 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Walmart 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.