Dividend Assets Capital LLC Sells 4,454 Shares of Walmart Inc. (NYSE:WMT)

Dividend Assets Capital LLC trimmed its position in Walmart Inc. (NYSE:WMT - Free Report) by 9.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,850 shares of the retailer's stock after selling 4,454 shares during the quarter. Dividend Assets Capital LLC's holdings in Walmart were worth $3,850,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart in the fourth quarter worth $25,000. Horizon Financial Services LLC increased its stake in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after acquiring an additional 262 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in shares of Walmart in the 4th quarter valued at about $37,000. Mizuho Bank Ltd. bought a new stake in shares of Walmart during the 4th quarter valued at about $41,000. Finally, Elevation Wealth Partners LLC grew its holdings in shares of Walmart by 40.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer's stock worth $47,000 after purchasing an additional 150 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Down 1.7%

Shares of NYSE WMT traded down $1.62 on Wednesday, reaching $95.70. 16,357,466 shares of the company's stock traded hands, compared to its average volume of 17,868,540. The business's 50 day simple moving average is $95.06 and its two-hundred day simple moving average is $93.99. Walmart Inc. has a 12 month low of $65.90 and a 12 month high of $105.30. The company has a market cap of $765.70 billion, a price-to-earnings ratio of 39.71, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

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 the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,148 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the sale, the chief executive officer now owns 4,451,199 shares of the company's stock, valued at $429,896,799.42. This trade represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $217,800.00. Following the transaction, the executive vice president now directly owns 630,518 shares of the company's stock, valued at $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,534 shares of company stock valued at $12,833,664. Corporate insiders own 45.58% of the company's stock.

Analyst Ratings Changes

WMT has been the topic of a number of research analyst reports. Mizuho increased their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday. KeyCorp increased their target price on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday. Raymond James decreased their target price on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Evercore ISI boosted their price target on shares of Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Barclays reaffirmed an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $105.68.

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.