Burney Co. Reduces Position in Walmart Inc. (NYSE:WMT)

Burney Co. cut its position in Walmart Inc. (NYSE:WMT - Free Report) by 5.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 209,042 shares of the retailer's stock after selling 12,804 shares during the period. Burney Co.'s holdings in Walmart were worth $18,352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of WMT. M1 Capital Management LLC lifted its stake in shares of Walmart by 8.2% in the 1st quarter. M1 Capital Management LLC now owns 8,396 shares of the retailer's stock worth $737,000 after acquiring an additional 634 shares during the period. Wedbush Securities Inc. lifted its stake in shares of Walmart by 10.3% in the 1st quarter. Wedbush Securities Inc. now owns 117,992 shares of the retailer's stock worth $10,358,000 after acquiring an additional 11,020 shares during the period. J. W. Coons Advisors LLC lifted its stake in shares of Walmart by 1.8% in the 1st quarter. J. W. Coons Advisors LLC now owns 51,393 shares of the retailer's stock worth $4,512,000 after acquiring an additional 900 shares during the period. Price Capital Management Inc. acquired a new stake in shares of Walmart in the 1st quarter worth $1,469,000. Finally, Boyd Watterson Asset Management LLC OH lifted its stake in shares of Walmart by 137.9% in the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 11,471 shares of the retailer's stock worth $1,007,000 after acquiring an additional 6,650 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Walmart 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 transaction of $216,568.00. Following the completion of the sale, the executive vice president owned 628,318 shares of the company's stock, valued at $61,851,623.92. This represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,744 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $95.60, for a total value of $166,726.40. Following the transaction, the executive vice president owned 649,233 shares of the company's stock, valued at $62,066,674.80. This represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 155,820 shares of company stock worth $14,965,435 in the last quarter. Corporate insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WMT shares. Robert W. Baird increased their price target on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Mizuho increased their price target on shares of Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, June 9th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a report on Monday, May 5th. UBS Group cut their price target on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, KeyCorp increased their price target on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, June 9th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $106.67.

Walmart Price Performance

NYSE WMT opened at $95.87 on Wednesday. The stock's 50-day moving average price is $96.81 and its two-hundred day moving average price is $94.68. 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 market cap of $765.10 billion, a PE ratio of 40.97, a PEG ratio of 4.60 and a beta of 0.68. Walmart Inc. has a 1 year low of $66.67 and a 1 year 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 for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate 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 prior year, the company earned $0.60 EPS. On average, analysts predict 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 paid a $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's payout ratio is 40.17%.

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.

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