Congress Park Capital LLC Lowers Stock Holdings in Walmart Inc. (NYSE:WMT)

Congress Park Capital LLC decreased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 10.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,234 shares of the retailer's stock after selling 3,216 shares during the period. Walmart makes up approximately 0.9% of Congress Park Capital LLC's holdings, making the stock its 29th largest holding. Congress Park Capital LLC's holdings in Walmart were worth $2,391,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the fourth quarter valued at about $25,000. Horizon Financial Services LLC grew 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 buying an additional 262 shares during the last quarter. Noble Wealth Management PBC bought a new position in shares of Walmart during the fourth quarter valued at about $37,000. Mizuho Bank Ltd. bought a new position in shares of Walmart during the fourth quarter valued at about $41,000. Finally, Nexus Investment Management ULC bought a new position in shares of Walmart during the first quarter valued at about $49,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Robert W. Baird raised their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. The Goldman Sachs Group reissued a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. DA Davidson reissued a "buy" rating and issued a $117.00 target price on shares of Walmart in a research note on Friday, May 16th. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Finally, Stifel Nicolaus cut their target price on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Two investment 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $106.50.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the transaction, the executive vice president now directly owns 398,024 shares of the company's stock, valued at approximately $35,288,807.84. This represents a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,294 shares of company stock valued at $12,656,659. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

WMT stock opened at $96.16 on Friday. The firm has a 50 day moving average price of $96.39 and a 200-day moving average price of $94.15. Walmart Inc. has a 52-week low of $66.55 and a 52-week high of $105.30. The firm has a market capitalization of $767.41 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 4.64 and a beta of 0.69. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same period last year, the business earned $0.60 earnings per share. The business's revenue was up 2.5% on a year-over-year basis. Equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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