Walmart Inc. (NYSE:WMT) Stock Position Decreased by Cutler Investment Counsel LLC

Key Points

• Cutler Investment Counsel LLC decreased its holdings in Walmart Inc. by 5.8%, selling 14,072 shares and maintaining a total of 229,278 shares valued at approximately $20.18 million.
• In the first quarter, GAMMA Investing LLC dramatically increased its stake in Walmart by 9,896.9%, acquiring an additional 7.86 million shares valued at around $697 million.
• The stock opened at $98.37 and has a market capitalization of $785.03 billion, with analysts projecting a consensus price target of $106.67 for Walmart shares.

Cutler Investment Counsel LLC reduced its stake in Walmart Inc. (NYSE:WMT - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 229,278 shares of the retailer's stock after selling 14,072 shares during the period. Walmart makes up approximately 2.4% of Cutler Investment Counsel LLC's holdings, making the stock its 12th largest holding. Cutler Investment Counsel LLC's holdings in Walmart were worth $20,181,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. World Investment Advisors lifted its holdings in Walmart by 7.6% during the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock worth $24,532,000 after buying an additional 19,233 shares in the last quarter. Full Sail Capital LLC raised its position in shares of Walmart by 6.6% during the 4th quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock valued at $786,000 after acquiring an additional 541 shares during the last quarter. Leslie Global Wealth LLC raised its position in shares of Walmart by 22.0% during the 4th quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock valued at $285,000 after acquiring an additional 568 shares during the last quarter. Monument Capital Management raised its position in shares of Walmart by 94.2% during the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock valued at $4,829,000 after acquiring an additional 26,685 shares during the last quarter. Finally, Milestone Asset Management LLC raised its position in shares of Walmart by 156.7% during the 1st quarter. Milestone Asset Management LLC now owns 54,659 shares of the retailer's stock valued at $4,799,000 after acquiring an additional 33,370 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Down 0.8%

NYSE:WMT traded down $0.74 during mid-day trading on Wednesday, hitting $97.59. The stock had a trading volume of 13,844,039 shares, compared to its average volume of 12,240,789. The stock has a 50-day simple moving average of $96.78 and a two-hundred day simple moving average of $94.93. The company has a market capitalization of $778.81 billion, a PE ratio of 41.71, a PEG ratio of 4.73 and a beta of 0.68. Walmart Inc. has a twelve month low of $66.67 and a twelve month 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 issued its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. On average, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

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

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 628,318 shares of the company's stock, valued at $61,851,623.92. This represents a 0.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction 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 sale, the chief executive officer directly owned 4,451,199 shares in the company, valued at $429,896,799.42. This represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 146,112 shares of company stock worth $14,078,027 in the last 90 days. 45.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Tigress Financial upped their target price on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Citigroup reiterated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Stifel Nicolaus dropped their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. UBS Group dropped their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $106.67.

About Walmart

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.