Walmart Inc. (NYSE:WMT) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 0.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 342,083 shares of the retailer's stock after selling 3,255 shares during the quarter. Atria Investments Inc's holdings in Walmart were worth $30,031,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. 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. Bear Mountain Capital Inc. grew its stake in Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after purchasing an additional 167 shares in the last quarter. EQ Wealth Advisors LLC acquired a new position in Walmart during the 1st quarter worth $35,000. Lipe & Dalton grew its stake in Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after purchasing an additional 200 shares in the last quarter. Finally, Mizuho Bank Ltd. acquired a new position in Walmart during the 4th quarter worth $41,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on WMT shares. Truist Financial boosted their target price on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. UBS Group lowered their price objective on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Evercore ISI upped their price objective on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Tigress Financial upped their price objective on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Oppenheimer upped their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Two equities research 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's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $106.67.

Walmart Stock Performance

NYSE WMT traded up $0.85 on Friday, hitting $97.45. 12,845,633 shares of the company's stock were exchanged, compared to its average volume of 13,524,539. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The firm's 50-day moving average price is $96.77 and its two-hundred day moving average price is $94.77. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The firm has a market cap of $777.72 billion, a price-to-earnings ratio of 41.65, a P/E/G ratio of 4.65 and a beta of 0.68.

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

Walmart Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the sale, the executive vice president owned 628,318 shares in the company, valued at $61,851,623.92. This represents a 0.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $95.14, for a total value of $1,248,712.50. Following the completion of the sale, the executive vice president owned 932,313 shares in the company, valued at approximately $88,700,258.82. This represents a 1.39% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 126,696 shares of company stock worth $12,222,245. 45.58% of the stock is owned by 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.