Hexagon Capital Partners LLC Sells 3,154 Shares of Walmart Inc. (NYSE:WMT)

Hexagon Capital Partners LLC cut its position in Walmart Inc. (NYSE:WMT - Free Report) by 0.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,314,705 shares of the retailer's stock after selling 3,154 shares during the period. Walmart comprises 38.5% of Hexagon Capital Partners LLC's portfolio, making the stock its largest holding. Hexagon Capital Partners LLC's holdings in Walmart were worth $203,208,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Horizon Financial Services LLC lifted 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 acquiring an additional 262 shares during the period. EQ Wealth Advisors LLC purchased a new stake in Walmart during the first quarter worth $35,000. Mizuho Bank Ltd. purchased a new position in shares of Walmart in the 4th quarter valued at $41,000. Nexus Investment Management ULC purchased a new stake in shares of Walmart during the 1st quarter worth $49,000. Finally, WealthTrak Capital Management LLC purchased a new stake in shares of Walmart during the 4th quarter worth $53,000. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

WMT traded down $2.24 during trading on Tuesday, hitting $97.11. The company's stock had a trading volume of 16,858,959 shares, compared to its average volume of 18,067,543. The firm has a market capitalization of $774.98 billion, a price-to-earnings ratio of 41.50, a P/E/G ratio of 4.78 and a beta of 0.68. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30. The business's fifty day simple moving average is $97.24 and its 200 day simple moving average is $94.43. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

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, beating the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the prior year, the company earned $0.60 EPS. The firm's revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the transaction, the executive vice president directly owned 628,318 shares of the company's stock, valued at $61,851,623.92. The trade was a 0.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the sale, the executive vice president directly owned 945,434 shares in the company, valued at $90,619,848.90. This represents a 1.37% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,711 shares of company stock worth $13,710,319. Insiders own 45.58% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on WMT. DA Davidson reiterated a "buy" rating and set a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. Robert W. Baird increased their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Finally, Truist Financial increased their price target on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Walmart currently has an average rating of "Moderate Buy" and a consensus price target of $106.67.

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.