Walmart Inc. (NYSE:WMT) Shares Sold by Cadinha & Co. LLC

Cadinha & Co. LLC lowered its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 9.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 196,338 shares of the retailer's stock after selling 20,172 shares during the quarter. Walmart accounts for about 3.7% of Cadinha & Co. LLC's investment portfolio, making the stock its 8th largest position. Cadinha & Co. LLC's holdings in Walmart were worth $17,236,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the 4th quarter worth approximately $25,000. Horizon Financial Services LLC grew its holdings 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 worth $26,000 after purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the 4th quarter worth approximately $27,000. Noble Wealth Management PBC acquired a new stake in Walmart in the 4th quarter valued at $37,000. Finally, Mizuho Bank Ltd. acquired a new stake in Walmart in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,148 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the transaction, the chief executive officer now directly owns 4,451,199 shares in the company, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $97.37, for a total value of $214,214.00. Following the completion of the transaction, the executive vice president now owns 632,718 shares of the company's stock, valued at $61,607,751.66. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,334 shares of company stock worth $12,615,864. 45.58% of the stock is owned by insiders.

Walmart Trading Up 1.1%

NYSE WMT traded up $1.10 on Monday, reaching $99.82. The company had a trading volume of 16,974,523 shares, compared to its average volume of 17,886,540. The stock's 50 day moving average is $93.76 and its 200-day moving average is $93.58. The stock has a market cap of $798.64 billion, a price-to-earnings ratio of 41.42, a PEG ratio of 4.42 and a beta of 0.70. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 52 week low of $65.16 and a 52 week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm's revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 earnings per share. Equities analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently commented on WMT shares. KeyCorp boosted their price target on Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Citigroup reaffirmed a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Wells Fargo & Company boosted their price target on Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.94.

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.