Choreo LLC Sells 7,828 Shares of Walmart Inc. (NYSE:WMT)

Choreo LLC reduced its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,085 shares of the retailer's stock after selling 7,828 shares during the period. Choreo LLC's holdings in Walmart were worth $15,323,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Horizon Financial Services LLC boosted its stake in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after purchasing an additional 262 shares during the period. Bear Mountain Capital Inc. increased its position in Walmart by 98.2% during the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after acquiring an additional 167 shares during the last quarter. EQ Wealth Advisors LLC purchased a new position in shares of Walmart during the 1st quarter valued at about $35,000. Lipe & Dalton lifted its position in shares of Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after buying an additional 200 shares in the last quarter. Finally, Mizuho Bank Ltd. purchased a new stake in Walmart in the 4th quarter worth $41,000. Institutional investors own 26.76% of the company's stock.

Walmart Price Performance

Shares of WMT stock traded up $0.17 during trading hours on Tuesday, reaching $95.84. 2,019,785 shares of the company were exchanged, compared to its average volume of 18,075,259. The stock's fifty day moving average is $96.81 and its two-hundred day moving average is $94.68. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The company has a market cap of $764.84 billion, a price-to-earnings ratio of 40.99, a P/E/G ratio of 4.57 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly 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 business posted $0.60 EPS. Sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders 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 dividend payout ratio (DPR) is presently 40.17%.

Insider Transactions at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the completion of the transaction, the executive vice president owned 945,434 shares in the company, valued at approximately $90,619,848.90. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kathryn J. Mclay sold 28,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total value of $2,716,000.00. Following the completion of the transaction, the executive vice president owned 1,064,455 shares of the company's stock, valued at $103,252,135. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 151,820 shares of company stock worth $14,584,875 in the last 90 days. Company insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of several research analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Citigroup restated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research report on Monday, June 9th. Royal Bank Of Canada reiterated an "outperform" rating and set a $103.00 price target (up from $102.00) on shares of Walmart in a research note on Monday, June 9th. Finally, Robert W. Baird boosted their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.

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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