Headinvest LLC Reduces Stock Position in Walmart Inc. (NYSE:WMT)

Headinvest LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 5.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,656 shares of the retailer's stock after selling 6,691 shares during the quarter. Walmart makes up approximately 1.8% of Headinvest LLC's investment portfolio, making the stock its 13th largest position. Headinvest LLC's holdings in Walmart were worth $9,727,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Regent Peak Wealth Advisors LLC grew its stake in Walmart by 1.3% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 17,325 shares of the retailer's stock worth $1,565,000 after purchasing an additional 226 shares in the last quarter. Tallon Kerry Patrick purchased a new stake in shares of Walmart in the 4th quarter worth $252,000. Wedge Capital Management L L P NC lifted its holdings in shares of Walmart by 2.0% in the 4th quarter. Wedge Capital Management L L P NC now owns 7,501 shares of the retailer's stock worth $678,000 after buying an additional 146 shares during the period. Penn Davis Mcfarland Inc. bought a new position in shares of Walmart during the 4th quarter worth $246,000. Finally, Corundum Group Inc. increased its stake in shares of Walmart by 102.5% during the fourth quarter. Corundum Group Inc. now owns 20,868 shares of the retailer's stock valued at $1,885,000 after buying an additional 10,564 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the transaction, the chief executive officer now directly owns 3,558,247 shares in the company, valued at $344,972,046.65. This trade represents a 0.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company'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 completion of the sale, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 166,035 shares of company stock valued at $15,548,082 over the last quarter. Company insiders own 45.58% of the company's stock.

Walmart Trading Down 1.4%

WMT opened at $96.48 on Thursday. Walmart Inc. has a twelve month low of $64.16 and a twelve month high of $105.30. The stock has a market capitalization of $771.89 billion, a price-to-earnings ratio of 40.03, a P/E/G ratio of 4.42 and a beta of 0.70. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a 50-day simple moving average of $91.95 and a 200 day simple moving average of $92.72.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same period last year, the company earned $0.60 EPS. Walmart's revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be paid a $0.235 dividend. The ex-dividend date is Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's payout ratio is presently 40.17%.

Analyst Ratings Changes

WMT has been the subject of a number of research reports. Truist Financial upped their price objective on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Mizuho started coverage on Walmart in a research report on Friday, April 11th. They set an "outperform" rating and a $105.00 target price on the stock. Citigroup reissued a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. StockNews.com upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Guggenheim reissued a "buy" rating and issued a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $104.94.

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.

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