Callan Family Office LLC Trims Position in Walmart Inc. (NYSE:WMT)

Key Points

• Callan Family Office LLC reduced its stake in Walmart Inc. by 26.0%, now holding 71,024 shares valued at approximately $6.2 million.
• Several large investors, including Nuveen LLC and GAMMA Investing LLC, have significantly adjusted their positions in Walmart, with GAMMA increasing its holdings by nearly 9,897%.
• Walmart recently announced a quarterly dividend of $0.235 per share, which will be paid on September 2, representing a yield of 90.0%.

Callan Family Office LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 26.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,024 shares of the retailer's stock after selling 24,928 shares during the quarter. Callan Family Office LLC's holdings in Walmart were worth $6,235,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Operose Advisors LLC increased its stake in Walmart by 319.7% during the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after buying an additional 243 shares in the last quarter. Bear Mountain Capital Inc. increased its stake in Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after buying an additional 167 shares in the last quarter. EQ Wealth Advisors LLC purchased a new stake in Walmart during the 1st quarter worth approximately $35,000. Lipe & Dalton increased its stake in Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after buying an additional 200 shares in the last quarter. Finally, Nexus Investment Management ULC purchased a new stake in Walmart during the 1st quarter worth approximately $49,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Price Performance

Shares of NYSE:WMT traded down $0.25 during trading on Tuesday, hitting $103.68. 17,913,175 shares of the stock were exchanged, compared to its average volume of 13,932,130. The company has a fifty day moving average price of $97.46 and a two-hundred day moving average price of $95.51. The company has a market cap of $827.41 billion, a PE ratio of 44.31, a P/E/G ratio of 5.00 and a beta of 0.66. 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 Inc. has a 12-month low of $67.14 and a 12-month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $164.53 billion. During the same period last year, the company posted $0.60 EPS. The company's revenue was up 2.5% on a year-over-year basis. On average, analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be paid a dividend of $0.235 per share. This represents a dividend yield of 90.0%. The ex-dividend date of this dividend is Friday, August 15th. Walmart's dividend payout ratio (DPR) is 40.17%.

Analyst Upgrades and Downgrades

Several research firms have commented on WMT. Erste Group Bank upgraded Walmart from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Truist Financial boosted their price objective on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Royal Bank Of Canada reiterated an "outperform" rating and set a $103.00 price objective (up from $102.00) on shares of Walmart in a research note on Monday, June 9th. Robert W. Baird raised their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, Mizuho raised their target price on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. One investment analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of "Buy" and an average price target of $106.70.

Insider Buying and Selling at Walmart

In other news, EVP Kathryn J. Mclay sold 28,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the transaction, the executive vice president directly owned 1,064,455 shares of the company's stock, valued at $103,252,135. This trade represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the transaction, the executive vice president directly owned 945,434 shares of the company's stock, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,112 shares of company stock valued at $14,080,073. Company insiders own 0.10% of the company's stock.

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.