Walmart Inc. (NYSE:WMT) Shares Sold by Callahan Advisors LLC

Callahan Advisors LLC reduced its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 14.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 172,612 shares of the retailer's stock after selling 30,293 shares during the quarter. Walmart makes up about 1.4% of Callahan Advisors LLC's portfolio, making the stock its 23rd biggest holding. Callahan Advisors LLC's holdings in Walmart were worth $15,154,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gateway Wealth Partners LLC raised its stake in Walmart by 85.9% during the first quarter. Gateway Wealth Partners LLC now owns 7,070 shares of the retailer's stock worth $621,000 after acquiring an additional 3,267 shares in the last quarter. Xponance Inc. raised its position in shares of Walmart by 2.4% during the first quarter. Xponance Inc. now owns 706,762 shares of the retailer's stock worth $62,047,000 after purchasing an additional 16,767 shares during the period. Fidelis Capital Partners LLC lifted its stake in Walmart by 27.7% during the 1st quarter. Fidelis Capital Partners LLC now owns 41,199 shares of the retailer's stock valued at $3,918,000 after acquiring an additional 8,936 shares in the last quarter. Genus Capital Management Inc. raised its stake in shares of Walmart by 168.2% during the 1st quarter. Genus Capital Management Inc. now owns 39,562 shares of the retailer's stock worth $3,473,000 after purchasing an additional 97,539 shares during the period. Finally, Cerity Partners LLC increased its holdings in Walmart by 69.2% in the 1st quarter. Cerity Partners LLC now owns 2,990,710 shares of the retailer's stock worth $262,453,000 after acquiring an additional 1,223,345 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the completion of the transaction, the executive vice president directly owned 628,318 shares of the company's stock, valued at approximately $61,851,623.92. The trade was a 0.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $94.77, for a total value of $166,795.20. Following the transaction, the executive vice president directly owned 650,977 shares in the company, valued at $61,693,090.29. This represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,711 shares of company stock worth $13,710,319. 45.58% of the stock is owned by company insiders.

Walmart Price Performance

WMT traded down $0.50 on Friday, hitting $94.36. 14,577,628 shares of the company's stock traded hands, compared to its average volume of 18,111,476. The company's 50 day simple moving average is $97.19 and its 200-day simple moving average is $94.48. The firm has a market cap of $753.03 billion, a price-to-earnings ratio of 40.32, a P/E/G ratio of 4.57 and a beta of 0.68. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT - Get Free Report) last released 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 return on equity of 21.76% and a net margin of 2.75%. The business 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 company posted $0.60 EPS. The company's revenue 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 Announces Dividend

The firm also recently disclosed 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. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's payout ratio is currently 40.17%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. UBS Group cut their target price on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Mizuho upped their target price on Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, June 9th. Stifel Nicolaus decreased their price objective on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Evercore ISI raised their price target on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $106.67.

Walmart Company 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.