Financial Partners Group LLC Lowers Holdings in Walmart Inc. (NYSE:WMT)

Financial Partners Group LLC lowered its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 34.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,697 shares of the retailer's stock after selling 2,937 shares during the quarter. Financial Partners Group LLC's holdings in Walmart were worth $500,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Norges Bank purchased a new stake in Walmart in the 4th quarter valued at about $5,737,355,000. Raymond James Financial Inc. acquired a new stake in shares of Walmart during the fourth quarter valued at about $2,306,627,000. GAMMA Investing LLC increased its position in shares of Walmart by 9,896.9% during the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock valued at $697,029,000 after acquiring an additional 7,860,306 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock valued at $2,893,079,000 after acquiring an additional 3,927,173 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after acquiring an additional 3,550,037 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $94.77, for a total value of $166,795.20. Following the sale, the executive vice president now owns 650,977 shares of the company's stock, valued at $61,693,090.29. This trade represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,294 shares of company stock valued at $12,656,659 over the last quarter. Company insiders own 45.58% of the company's stock.

Walmart Trading Down 0.1%

NYSE WMT opened at $94.24 on Wednesday. The firm's fifty day moving average price is $96.13 and its 200 day moving average price is $94.11. Walmart Inc. has a 12 month low of $66.55 and a 12 month 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 has a market capitalization of $752.04 billion, a price-to-earnings ratio of 40.27, a price-to-earnings-growth ratio of 4.60 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping 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 company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter last year, the company posted $0.60 earnings per share. The business's quarterly revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio is presently 40.17%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Stifel Nicolaus dropped their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. DZ Bank raised Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research note on Tuesday, February 25th. Oppenheimer increased their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research report on Monday, June 9th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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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