Walmart Inc. (NYSE:WMT) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC trimmed its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 407,248 shares of the retailer's stock after selling 4,999 shares during the period. Bartlett & CO. Wealth Management LLC's holdings in Walmart were worth $35,848,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Scott & Selber Inc. raised its position in shares of Walmart by 3.7% during the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock worth $256,000 after purchasing an additional 105 shares during the last quarter. Cornerstone Enterprises LLC grew its stake in shares of Walmart by 8.3% during the 1st quarter. Cornerstone Enterprises LLC now owns 16,006 shares of the retailer's stock valued at $1,405,000 after buying an additional 1,224 shares during the period. Transcend Capital Advisors LLC grew its stake in shares of Walmart by 8.3% during the 1st quarter. Transcend Capital Advisors LLC now owns 42,978 shares of the retailer's stock valued at $3,773,000 after buying an additional 3,282 shares during the period. Park Place Capital Corp grew its stake in shares of Walmart by 16.5% during the 1st quarter. Park Place Capital Corp now owns 32,771 shares of the retailer's stock valued at $2,877,000 after buying an additional 4,653 shares during the period. Finally, Alta Wealth Advisors LLC grew its stake in shares of Walmart by 2.0% during the 1st quarter. Alta Wealth Advisors LLC now owns 14,850 shares of the retailer's stock valued at $1,304,000 after buying an additional 290 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on WMT shares. UBS Group lowered their price objective on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Stifel Nicolaus lowered their price objective on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Robert W. Baird boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Oppenheimer boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, DA Davidson reissued a "buy" rating and set a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $106.50.

Walmart Stock Up 1.4%

NYSE:WMT traded up $1.39 on Friday, reaching $97.41. The stock had a trading volume of 31,424,295 shares, compared to its average volume of 18,041,297. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average of $96.80 and a 200 day moving average of $94.24. The stock has a market cap of $777.37 billion, a P/E ratio of 41.63, a price-to-earnings-growth ratio of 4.69 and a beta of 0.69. Walmart Inc. has a 12-month low of $66.67 and a 12-month high of $105.30.

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

Walmart Dividend Announcement

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

Insider Buying and Selling at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $93.50, for a total value of $374,000.00. Following the sale, the executive vice president now owns 1,096,455 shares in the company, valued at approximately $102,518,542.50. This represents a 0.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total transaction of $166,883.20. Following the completion of the sale, the executive vice president now owns 520,275 shares in the company, valued at approximately $49,332,475.50. This trade represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 142,711 shares of company stock valued at $13,688,803 in the last ninety days. Insiders own 45.58% of the company's stock.

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.