Walmart Inc. (NYSE:WMT) Stake Lessened by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. cut its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 206,967 shares of the retailer's stock after selling 21,651 shares during the quarter. Walmart makes up approximately 0.6% of B. Riley Wealth Advisors Inc.'s portfolio, making the stock its 23rd largest holding. B. Riley Wealth Advisors Inc.'s holdings in Walmart were worth $18,741,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. FPC Investment Advisory Inc. purchased a new stake in Walmart in the fourth quarter worth about $25,000. Horizon Financial Services LLC lifted its stake in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after buying an additional 262 shares in the last quarter. Fiduciary Advisors Inc. purchased a new position in Walmart in the 4th quarter worth approximately $27,000. Noble Wealth Management PBC bought a new position in Walmart during the fourth quarter valued at approximately $37,000. Finally, Mizuho Bank Ltd. bought a new position in Walmart during the fourth quarter valued at approximately $41,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on WMT shares. Royal Bank of Canada restated an "outperform" rating and set a $102.00 price objective on shares of Walmart in a research report on Friday, May 16th. DZ Bank upgraded Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research note on Tuesday, February 25th. Guggenheim reaffirmed a "buy" rating and issued a $100.00 price target on shares of Walmart in a report on Monday, February 24th. Roth Mkm reiterated a "buy" rating and set a $108.00 price target (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Finally, Evercore ISI reduced their price objective on Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has an average rating of "Moderate Buy" and an average target price of $104.94.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on 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 owns 3,972,517 shares of the company's stock, valued at approximately $340,166,630.71. The trade was a 0.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. The trade was a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,334 shares of company stock valued at $12,615,864 over the last ninety days. Corporate insiders own 45.58% of the company's stock.

Walmart Trading Up 0.4%

Shares of NYSE:WMT traded up $0.42 during trading on Thursday, reaching $97.66. 5,294,774 shares of the company were exchanged, compared to its average volume of 17,801,048. The firm has a market capitalization of $781.37 billion, a PE ratio of 40.52, a P/E/G ratio of 4.42 and a beta of 0.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a 12-month low of $64.16 and a 12-month high of $105.30. The business's fifty day simple moving average is $93.00 and its 200-day simple moving average is $93.17.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data 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 net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the previous year, the firm earned $0.60 EPS. The company's quarterly revenue was up 2.5% compared to the same quarter last year. On average, research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid a dividend of $0.235 per share. 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%.

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.