Envestnet Asset Management Inc. Reduces Stock Holdings in Walmart Inc. (NYSE:WMT)

Envestnet Asset Management Inc. lowered its stake in Walmart Inc. (NYSE:WMT - Free Report) by 9.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,520,859 shares of the retailer's stock after selling 551,405 shares during the period. Envestnet Asset Management Inc. owned approximately 0.07% of Walmart worth $484,676,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of WMT. Drake & Associates LLC boosted its position in shares of Walmart by 15.7% during the 1st quarter. Drake & Associates LLC now owns 6,332 shares of the retailer's stock worth $556,000 after acquiring an additional 859 shares in the last quarter. Crew Capital Management Ltd. lifted its stake in Walmart by 2.9% during the first quarter. Crew Capital Management Ltd. now owns 4,163 shares of the retailer's stock worth $365,000 after purchasing an additional 116 shares during the last quarter. Chilton Capital Management LLC boosted its holdings in shares of Walmart by 1,514.7% in the 1st quarter. Chilton Capital Management LLC now owns 403,049 shares of the retailer's stock valued at $35,384,000 after purchasing an additional 378,087 shares in the last quarter. Ifrah Financial Services Inc. increased its stake in shares of Walmart by 3.5% in the 1st quarter. Ifrah Financial Services Inc. now owns 28,781 shares of the retailer's stock valued at $2,527,000 after purchasing an additional 970 shares during the last quarter. Finally, Cloud Capital Management LLC acquired a new position in shares of Walmart during the 1st quarter worth $130,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction 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 $90,619,848.90. This trade represents a 1.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of Walmart 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 sale, the chief executive officer owned 4,451,199 shares in the company, valued at $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 142,711 shares of company stock worth $13,710,319 over the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Up 0.9%

Shares of WMT stock traded up $0.91 during trading hours on Monday, reaching $99.27. The company had a trading volume of 12,918,621 shares, compared to its average volume of 18,048,333. The company has a market cap of $792.22 billion, a price-to-earnings ratio of 42.42, a price-to-earnings-growth ratio of 4.73 and a beta of 0.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The business has a fifty day simple moving average of $97.14 and a 200-day simple moving average of $94.36.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. Walmart's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. On average, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WMT shares. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $103.00 price target (up from $102.00) on shares of Walmart in a report on Monday, June 9th. Erste Group Bank cut shares of Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Oppenheimer increased their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group reissued a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Finally, Stifel Nicolaus lowered their target price on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Two equities research 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $106.67.

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.