Golden State Equity Partners Sells 3,197 Shares of Walmart Inc. (NYSE:WMT)

Golden State Equity Partners trimmed its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,221 shares of the retailer's stock after selling 3,197 shares during the period. Walmart comprises 0.8% of Golden State Equity Partners' portfolio, making the stock its 19th largest position. Golden State Equity Partners' holdings in Walmart were worth $4,146,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Horizon Financial Services LLC raised its stake in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after buying an additional 262 shares in the last quarter. EQ Wealth Advisors LLC bought a new position in Walmart in the first quarter worth about $35,000. Noble Wealth Management PBC bought a new position in Walmart in the fourth quarter worth about $37,000. Mizuho Bank Ltd. bought a new position in Walmart in the fourth quarter worth about $41,000. Finally, Nexus Investment Management ULC purchased a new stake in Walmart in the first quarter worth about $49,000. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

WMT has been the topic of a number of recent research reports. Robert W. Baird upped their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Citigroup restated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Royal Bank Of Canada restated an "outperform" rating and issued a $103.00 price objective (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. Stifel Nicolaus cut their price objective on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Finally, DZ Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $106.50.

Walmart Trading Up 0.2%

NYSE:WMT opened at $98.04 on Wednesday. Walmart Inc. has a 52 week low of $66.55 and a 52 week high of $105.30. The firm has a 50 day moving average of $96.53 and a 200 day moving average of $94.18. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $782.37 billion, a price-to-earnings ratio of 41.90, a PEG ratio of 4.78 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating 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 company had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. Walmart's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were paid a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart's payout ratio is 40.17%.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the sale, the executive vice president now owns 945,434 shares in the company, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the sale, the chief executive officer now owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 152,419 shares of company stock worth $14,295,650. 45.58% of the stock is owned by corporate insiders.

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.

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