Walmart Inc. (NYSE:WMT) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,642,672 shares of the retailer's stock after selling 49,926 shares during the quarter. Walmart accounts for 0.6% of Handelsbanken Fonder AB's holdings, making the stock its 28th biggest holding. Handelsbanken Fonder AB's holdings in Walmart were worth $144,210,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of WMT. FPC Investment Advisory Inc. bought a new position in Walmart during the 4th quarter valued at about $25,000. Horizon Financial Services LLC grew its stake in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after buying an additional 262 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in shares of Walmart in the fourth quarter worth approximately $37,000. Mizuho Bank Ltd. purchased a new position in Walmart during the 4th quarter valued at $41,000. Finally, Elevation Wealth Partners LLC grew its position in Walmart by 40.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer's stock valued at $47,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Trading Down 0.8%

WMT stock traded down $0.76 during midday trading on Wednesday, hitting $96.56. 4,873,820 shares of the company's stock were exchanged, compared to its average volume of 17,805,974. Walmart Inc. has a 1-year low of $65.90 and a 1-year high of $105.30. The business has a 50-day simple moving average of $95.06 and a two-hundred day simple moving average of $93.99. The stock has a market capitalization of $772.58 billion, a PE ratio of 40.04, a P/E/G 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 (NYSE:WMT - Get Free Report) last announced 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. The company had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Walmart's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.60 EPS. On average, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research analyst reports. Mizuho upped their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Oppenheimer raised their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Stifel Nicolaus cut their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Finally, Truist Financial increased their target price on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Walmart currently has a consensus rating of "Moderate Buy" and an average price target of $105.68.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total transaction of $166,883.20. Following the transaction, the executive vice president now directly owns 520,275 shares in the company, valued at approximately $49,332,475.50. This represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,534 shares of company stock worth $12,833,664. 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.