Greenwood Capital Associates LLC Lowers Holdings in Walmart Inc. (NYSE:WMT)

Greenwood Capital Associates LLC lowered its stake in Walmart Inc. (NYSE:WMT - Free Report) by 29.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,214 shares of the retailer's stock after selling 24,711 shares during the quarter. Greenwood Capital Associates LLC's holdings in Walmart were worth $5,111,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in WMT. World Investment Advisors grew its position in shares of Walmart by 7.6% during the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock worth $24,532,000 after purchasing an additional 19,233 shares in the last quarter. Candriam S.C.A. grew its position in shares of Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after purchasing an additional 599,257 shares in the last quarter. Modera Wealth Management LLC grew its position in shares of Walmart by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock worth $18,355,000 after purchasing an additional 9,292 shares in the last quarter. Cushing Capital Partners LLC purchased a new stake in shares of Walmart during the fourth quarter worth about $1,124,000. Finally, Campbell Wealth Management purchased a new position in Walmart during the 4th quarter valued at approximately $359,000. Institutional investors own 26.76% of the company's stock.

Walmart Stock Down 1.0%

Shares of WMT traded down $1.00 during trading hours on Thursday, hitting $94.80. The company had a trading volume of 17,813,539 shares, compared to its average volume of 17,893,103. The company has a market capitalization of $758.48 billion, a PE ratio of 39.34, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a one year low of $65.95 and a one year high of $105.30. The company's fifty day moving average price is $95.31 and its two-hundred day moving average price is $94.01.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. As a group, equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WMT. Truist Financial raised their price target on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Guggenheim restated a "buy" rating and set a $100.00 price target on shares of Walmart in a report on Monday, February 24th. UBS Group cut their price target on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. DZ Bank raised Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research note on Tuesday, February 25th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 price objective (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $106.50.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. The trade was a 0.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total value of $195,052.00. Following the sale, the executive vice president now owns 398,024 shares in the company, valued at approximately $35,288,807.84. The trade was a 0.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,534 shares of company stock worth $12,833,664 in the last ninety days. 45.58% of the stock is owned by insiders.

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.