GQG Partners LLC Sells 11,880,168 Shares of Walmart Inc. (NYSE:WMT)

Key Points

• GQG Partners LLC sold 11,880,168 shares of Walmart Inc., reducing its stake by 99.9% to just 10,597 shares, valued at approximately $930,000.
• Walmart recently announced a dividend of $0.235 per share to be paid on September 2nd, with an ex-dividend date of August 15th, reflecting a yield of 90.0%.
• In its latest quarterly earnings report, Walmart exceeded expectations with an EPS of $0.61 and a revenue of $165.61 billion, marking a 2.5% increase from the same quarter last year.

GQG Partners LLC trimmed its position in Walmart Inc. (NYSE:WMT - Free Report) by 99.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,597 shares of the retailer's stock after selling 11,880,168 shares during the period. GQG Partners LLC's holdings in Walmart were worth $930,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Operose Advisors LLC boosted its position in shares of Walmart by 319.7% during the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock valued at $28,000 after acquiring an additional 243 shares during the last quarter. Bear Mountain Capital Inc. boosted its position in shares of Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after acquiring an additional 167 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Walmart by 432.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $32,000 after acquiring an additional 294 shares during the last quarter. EQ Wealth Advisors LLC bought a new stake in shares of Walmart during the 1st quarter valued at about $35,000. Finally, Lipe & Dalton boosted its position in shares of Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after acquiring an additional 200 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Trading Down 0.2%

Shares of NYSE:WMT opened at $103.68 on Wednesday. The company has a market cap of $827.41 billion, a P/E ratio of 44.31, a PEG ratio of 5.00 and a beta of 0.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart Inc. has a 1 year low of $67.14 and a 1 year high of $105.30. The stock's fifty day moving average price is $97.46 and its 200-day moving average price is $95.51.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 earnings per share. Sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be issued a dividend of $0.235 per share. This represents a yield of 90.0%. The ex-dividend date of this dividend is Friday, August 15th. Walmart's dividend payout ratio (DPR) is 40.17%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $98.30, for a total value of $216,260.00. Following the sale, the executive vice president owned 626,118 shares of the company's stock, valued at $61,547,399.40. The trade was a 0.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total value of $1,855,781.28. Following the completion of the sale, the chief executive officer directly owned 4,412,398 shares in the company, valued at approximately $421,737,000.84. The trade was a 0.44% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,112 shares of company stock worth $14,080,073. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. DA Davidson restated a "buy" rating and issued a $117.00 target price on shares of Walmart in a research report on Friday, May 16th. Citigroup restated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Tigress Financial boosted their target price on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Robert W. Baird boosted their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Walmart has an average rating of "Buy" and a consensus price target of $106.70.

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.

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