Envestnet Portfolio Solutions Inc. Has $17.46 Million Holdings in Walmart Inc. (NYSE:WMT)

Envestnet Portfolio Solutions Inc. trimmed its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 30.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,886 shares of the retailer's stock after selling 87,643 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Walmart were worth $17,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. World Investment Advisors grew its position in Walmart by 7.6% in the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock worth $24,532,000 after acquiring an additional 19,233 shares in the last quarter. Candriam S.C.A. boosted its holdings in Walmart by 209.7% in the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after purchasing an additional 599,257 shares in the last quarter. Modera Wealth Management LLC increased its position in Walmart by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock worth $18,355,000 after buying an additional 9,292 shares during the last quarter. Cushing Capital Partners LLC acquired a new position in Walmart during the fourth quarter worth $1,124,000. Finally, GWN Securities Inc. bought a new position in Walmart during the fourth quarter valued at about $4,658,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Up 0.9%

WMT stock opened at $95.10 on Thursday. Walmart Inc. has a 1-year low of $66.55 and a 1-year high of $105.30. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The business's 50 day moving average is $96.24 and its 200-day moving average is $94.11. The firm has a market cap of $758.95 billion, a P/E ratio of 40.64, a P/E/G ratio of 4.60 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. 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 earned $0.60 EPS. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts anticipate 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. Stockholders of record on Monday, May 12th were issued a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's payout ratio is 40.17%.

Insider Buying and Selling

In other news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $93.50, for a total value of $374,000.00. Following the completion of the transaction, the executive vice president now owns 1,096,455 shares in the company, valued at approximately $102,518,542.50. The trade was a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,294 shares of company stock worth $12,656,659 in the last quarter. 45.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WMT has been the subject of several recent analyst reports. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Erste Group Bank downgraded Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Roth Mkm reissued a "buy" rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Finally, KeyCorp upped their price objective on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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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