Walmart Inc. (NYSE:WMT) Stake Decreased by Freedom Day Solutions LLC

Freedom Day Solutions LLC cut its position in Walmart Inc. (NYSE:WMT - Free Report) by 11.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,593 shares of the retailer's stock after selling 4,465 shares during the quarter. Walmart accounts for about 0.9% of Freedom Day Solutions LLC's holdings, making the stock its 24th biggest holding. Freedom Day Solutions LLC's holdings in Walmart were worth $3,037,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Walmart during the fourth quarter worth approximately $5,737,355,000. GAMMA Investing LLC grew its stake in Walmart by 9,896.9% during the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock worth $697,029,000 after purchasing an additional 7,860,306 shares during the period. Northern Trust Corp grew its stake in Walmart by 8.9% during the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares during the period. APG Asset Management N.V. grew its stake in Walmart by 1,707.6% during the fourth quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock worth $324,410,000 after purchasing an additional 3,512,368 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Walmart by 48.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,765,159 shares of the retailer's stock valued at $882,282,000 after acquiring an additional 3,182,477 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Evercore ISI raised their target price on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Oppenheimer lifted their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Robert W. Baird lifted their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Tigress Financial lifted their price target on Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, DA Davidson reiterated a "buy" rating and issued a $117.00 price target on shares of Walmart in a research report on Friday, May 16th. Two research 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $106.67.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $94.77, for a total transaction of $166,795.20. Following the completion of the transaction, the executive vice president owned 650,977 shares of the company's stock, valued at approximately $61,693,090.29. This represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total transaction of $216,568.00. Following the transaction, the executive vice president directly owned 628,318 shares of the company's stock, valued at $61,851,623.92. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 142,711 shares of company stock valued at $13,710,319. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of Walmart stock traded down $0.50 on Friday, reaching $94.36. 14,577,628 shares of the stock were exchanged, compared to its average volume of 18,111,476. Walmart Inc. has a 1-year low of $66.67 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 has a fifty day moving average price of $97.19 and a two-hundred day moving average price of $94.48. The firm has a market capitalization of $753.03 billion, a PE ratio of 40.32, a PEG ratio of 4.57 and a beta of 0.68.

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, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The firm's revenue was up 2.5% on a year-over-year basis. As a group, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders 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 presently 40.17%.

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.