DLK Investment Management LLC Sells 7,844 Shares of Walmart Inc. (NYSE:WMT)

DLK Investment Management LLC trimmed its position in Walmart Inc. (NYSE:WMT - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,312 shares of the retailer's stock after selling 7,844 shares during the period. Walmart accounts for 2.7% of DLK Investment Management LLC's investment portfolio, making the stock its 11th biggest position. DLK Investment Management LLC's holdings in Walmart were worth $6,436,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WMT. Whelan Financial raised its position in shares of Walmart by 2.3% during the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after buying an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in Walmart by 1.7% in the 4th 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 during the period. Van Strum & Towne Inc. raised its position in Walmart by 1.6% in the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock worth $619,000 after purchasing an additional 108 shares during the period. Planning Center Inc. raised its position in Walmart by 1.8% in the 1st quarter. Planning Center Inc. now owns 6,018 shares of the retailer's stock worth $528,000 after purchasing an additional 108 shares during the period. Finally, Mainstream Capital Management LLC raised its position in Walmart by 1.1% in the 4th quarter. Mainstream Capital Management LLC now owns 10,871 shares of the retailer's stock worth $982,000 after purchasing an additional 113 shares during the period. 26.76% of the stock is owned by institutional investors.

Walmart Trading Down 1.1%

NYSE:WMT opened at $96.22 on Friday. Walmart Inc. has a one year low of $66.67 and a one year 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's 50-day simple moving average is $96.71 and its 200 day simple moving average is $94.22. The firm has a market capitalization of $767.85 billion, a P/E ratio of 41.12, a PEG ratio of 4.75 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data 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 net margin of 2.75% and a return on equity of 21.76%. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. As a group, 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 paid a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's payout ratio is currently 40.17%.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the transaction, the chief executive officer now directly owns 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total transaction of $195,052.00. Following the completion of the transaction, the executive vice president now directly owns 398,024 shares of the company's stock, valued at $35,288,807.84. This trade represents a 0.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 123,295 shares of company stock valued at $11,801,762 over the last quarter. Corporate insiders own 45.58% of the company's stock.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of analyst reports. Mizuho lifted their target price on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Raymond James Financial 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. Erste Group Bank lowered shares of Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Royal Bank Of Canada reissued an "outperform" rating and issued a $103.00 price target (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. Finally, Oppenheimer raised their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. 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, Walmart presently has an average rating of "Moderate Buy" and a consensus price target of $106.50.

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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