Foster Victor Wealth Advisors LLC Trims Stock Holdings in Walmart Inc. (NYSE:WMT)

Foster Victor Wealth Advisors LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,730 shares of the retailer's stock after selling 5,268 shares during the period. Foster Victor Wealth Advisors LLC's holdings in Walmart were worth $12,225,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WMT. FPC Investment Advisory Inc. bought a new stake in Walmart during the fourth quarter worth $25,000. Horizon Financial Services LLC lifted its holdings in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares in the last quarter. Noble Wealth Management PBC bought a new position in shares of Walmart in the fourth quarter valued at approximately $37,000. Mizuho Bank Ltd. bought a new stake in Walmart during the fourth quarter valued at $41,000. Finally, Nexus Investment Management ULC purchased a new position in Walmart in the 1st quarter worth approximately $49,000. Institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

NYSE:WMT traded up $0.85 during mid-day trading on Wednesday, hitting $95.10. 11,215,002 shares of the company traded hands, compared to its average volume of 17,916,866. Walmart Inc. has a one year low of $66.55 and a one year high of $105.30. The firm has a market cap of $758.95 billion, a price-to-earnings ratio of 40.64, a price-to-earnings-growth ratio of 4.60 and a beta of 0.69. The stock's fifty day moving average price is $96.13 and its 200-day moving average price is $94.11. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the prior year, the business posted $0.60 EPS. Walmart's revenue for the quarter was up 2.5% compared to the same quarter last year. Research 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 given a dividend of $0.235 per share. 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 currently 40.17%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Truist Financial increased their target price on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research report on Monday, June 9th. UBS Group lowered their price target on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Guggenheim reissued a "buy" rating and issued a $100.00 target price on shares of Walmart in a report on Monday, February 24th. Finally, Erste Group Bank cut shares of Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.50.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the sale, the chief executive officer now directly owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. The trade was a 0.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $94.77, for a total value of $166,795.20. Following the transaction, the executive vice president now owns 650,977 shares in the company, valued at approximately $61,693,090.29. This represents a 0.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,294 shares of company stock valued at $12,656,659. Insiders own 45.58% of the company's stock.

About Walmart

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.