Bogart Wealth LLC cut its position in Walmart Inc. (NYSE:WMT - Free Report) by 13.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,424 shares of the retailer's stock after selling 15,466 shares during the quarter. Bogart Wealth LLC's holdings in Walmart were worth $8,377,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in WMT. Vanguard Group Inc. raised its holdings in Walmart by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock valued at $38,194,278,000 after buying an additional 2,050,683 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Walmart by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock worth $8,167,186,000 after purchasing an additional 3,017,829 shares during the last quarter. Norges Bank acquired a new stake in Walmart in the fourth quarter valued at $5,737,355,000. Northern Trust Corp raised its position in Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Walmart by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer's stock worth $3,796,129,000 after purchasing an additional 514,036 shares during the last quarter. Institutional investors own 26.76% of the company's stock.
Insiders Place Their Bets
In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the sale, the executive vice president owned 945,434 shares of the company's stock, valued at approximately $90,619,848.90. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the transaction, the executive vice president owned 630,518 shares in the company, valued at approximately $62,421,282. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 142,711 shares of company stock worth $13,710,319 in the last ninety days. Company insiders own 45.58% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have commented on WMT shares. Robert W. Baird upped their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Royal Bank Of Canada reissued an "outperform" rating and set a $103.00 target price (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. KeyCorp increased their price objective on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Wall Street Zen upgraded shares of Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Truist Financial increased their price target on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Two 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's stock. According to MarketBeat, Walmart has a consensus rating of "Moderate Buy" and a consensus price target of $106.67.
Check Out Our Latest Stock Analysis on Walmart
Walmart Stock Up 1.5%
WMT traded up $1.43 during mid-day trading on Monday, reaching $95.83. 13,768,629 shares of the stock were exchanged, compared to its average volume of 19,832,529. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock has a market capitalization of $764.75 billion, a PE ratio of 40.95, a price-to-earnings-growth ratio of 4.54 and a beta of 0.68. The company has a 50 day moving average price of $97.10 and a two-hundred day moving average price of $94.52.
Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the previous year, the company earned $0.60 earnings per share. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.
Walmart Dividend Announcement
The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were issued a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio (DPR) is currently 40.17%.
Walmart Profile
(
Free Report)
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.
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