Walmart Inc. (NYSE:WMT) Shares Sold by Fortem Financial Group LLC

Fortem Financial Group LLC decreased its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 19.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,559 shares of the retailer's stock after selling 3,202 shares during the quarter. Fortem Financial Group LLC's holdings in Walmart were worth $1,190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Horizon Financial Services LLC raised its holdings in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after purchasing an additional 262 shares in the last quarter. EQ Wealth Advisors LLC bought a new stake in shares of Walmart in the 1st quarter valued at about $35,000. Mizuho Bank Ltd. bought a new stake in shares of Walmart in the 4th quarter valued at about $41,000. Nexus Investment Management ULC bought a new stake in shares of Walmart in the 1st quarter valued at about $49,000. Finally, WealthTrak Capital Management LLC bought a new stake in shares of Walmart in the 4th quarter valued at about $53,000. Institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

Shares of WMT stock traded down $0.50 during trading hours on Friday, hitting $94.36. The company's stock had a trading volume of 14,577,628 shares, compared to its average volume of 18,111,476. The company has a 50 day moving average of $97.10 and a 200 day moving average of $94.49. The stock has a market cap of $753.03 billion, a PE ratio of 40.32, a price-to-earnings-growth ratio of 4.57 and a beta of 0.68. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 12-month low of $66.67 and a 12-month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. On average, sell-side 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. 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 dividend payout ratio (DPR) is currently 40.17%.

Insider Activity

In related news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the transaction, the executive vice president directly owned 630,518 shares in the company, valued at $62,421,282. The trade was a 0.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 28,000 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the transaction, the executive vice president owned 1,064,455 shares of the company's stock, valued at approximately $103,252,135. This represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 142,711 shares of company stock valued at $13,710,319. 45.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

WMT has been the subject of several recent research reports. Stifel Nicolaus reduced their price target 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. Robert W. Baird boosted their price target on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, May 16th. KeyCorp boosted their price objective on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research note on Monday, June 9th. Finally, Tigress Financial boosted their price objective on shares of Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.