DT Investment Partners LLC lessened its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 15.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,508 shares of the retailer's stock after selling 3,316 shares during the period. DT Investment Partners LLC's holdings in Walmart were worth $1,625,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. World Investment Advisors increased its holdings in shares of Walmart by 7.6% in 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 during the last quarter. Cushing Capital Partners LLC bought a new position in shares of Walmart in the 4th quarter worth $1,124,000. GWN Securities Inc. bought a new position in shares of Walmart in the 4th quarter worth $4,658,000. Full Sail Capital LLC increased its holdings in shares of Walmart by 6.6% in the 4th quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock worth $786,000 after buying an additional 541 shares during the last quarter. Finally, Leslie Global Wealth LLC increased its holdings in shares of Walmart by 22.0% in the 4th quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock worth $285,000 after buying an additional 568 shares during the last quarter. Institutional investors own 26.76% of the company's stock.
Walmart Trading Up 0.9%
Shares of NYSE:WMT traded up $0.91 on Monday, hitting $99.27. The company had a trading volume of 12,918,621 shares, compared to its average volume of 18,048,354. The firm's 50-day simple moving average is $97.22 and its two-hundred day simple moving average is $94.41. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $792.22 billion, a price-to-earnings ratio of 42.42, a P/E/G ratio of 4.73 and a beta of 0.68.
Walmart (NYSE:WMT - Get Free Report) last posted 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 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 analysts' expectations of $164.53 billion. During the same period last year, the company posted $0.60 EPS. The company's quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.
Walmart Announces Dividend
The business also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio is 40.17%.
Analyst Ratings Changes
A number of brokerages have recently commented on WMT. Citigroup reissued a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Tigress Financial increased their price target on shares of Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. UBS Group reduced their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Oppenheimer increased their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 target price on shares of Walmart in a report on Monday, June 9th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $106.67.
View Our Latest Report on WMT
Insider Transactions at Walmart
In other news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the sale, the executive vice president directly owned 945,434 shares of the company's stock, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.24, for a total transaction of $380,960.00. Following the completion of the transaction, the executive vice president owned 1,060,455 shares of the company's stock, valued at approximately $100,997,734.20. The trade was a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 142,711 shares of company stock worth $13,710,319. 45.58% of the stock is owned by corporate insiders.
About Walmart
(
Free Report)
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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