CX Institutional Sells 8,465 Shares of Walmart Inc. (NYSE:WMT)

CX Institutional lessened its position in Walmart Inc. (NYSE:WMT - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 74,651 shares of the retailer's stock after selling 8,465 shares during the quarter. CX Institutional's holdings in Walmart were worth $6,554,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whelan Financial raised its position in Walmart by 2.3% during the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after acquiring an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Walmart by 1.7% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock worth $538,000 after purchasing an additional 98 shares in the last quarter. Coyle Financial Counsel LLC increased its position in Walmart by 3.1% during the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock worth $310,000 after buying an additional 102 shares during the last quarter. Blackston Financial Advisory Group LLC raised its holdings in Walmart by 0.7% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock valued at $1,417,000 after buying an additional 106 shares in the last quarter. Finally, Van Strum & Towne Inc. lifted its position in shares of Walmart by 1.6% in the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock worth $619,000 after buying an additional 108 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WMT shares. Piper Sandler raised their price objective on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Stifel Nicolaus dropped their price target on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Wall Street Zen raised shares of Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Roth Mkm reiterated a "buy" rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Finally, Robert W. Baird boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Two 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's stock. According to data from MarketBeat, Walmart presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.50.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the sale, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the transaction, the executive vice president now owns 630,518 shares of the company's stock, valued at $62,421,282. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Down 1.6%

NYSE:WMT traded down $1.50 on Thursday, hitting $94.30. 9,446,854 shares of the stock were exchanged, compared to its average volume of 17,837,127. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The stock has a market capitalization of $754.48 billion, a price-to-earnings ratio of 39.13, a P/E/G ratio of 4.42 and a beta of 0.69. The company's 50-day moving average price is $95.31 and its 200 day moving average price is $94.01. Walmart Inc. has a 52 week low of $65.90 and a 52 week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 EPS. On average, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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

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.