Integrated Investment Consultants LLC Reduces Stock Holdings in Walmart Inc. (NYSE:WMT)

Key Points

• Integrated Investment Consultants LLC reduced its Walmart stake by 56.8%, selling 22,388 shares and now owning a total of 17,044 shares worth approximately $1.50 million.
• Walmart reported a Q1 earnings per share (EPS) of $0.61, exceeding analyst estimates by $0.03, with a revenue of $165.61 billion, marking a 2.5% year-over-year increase.
• The company is currently dealing with significant insider trading activity, with executives selling over 126,000 shares in the last three months, indicating potential shifts in investor sentiment.

Integrated Investment Consultants LLC trimmed its position in Walmart Inc. (NYSE:WMT - Free Report) by 56.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,044 shares of the retailer's stock after selling 22,388 shares during the period. Integrated Investment Consultants LLC's holdings in Walmart were worth $1,496,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in WMT. 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 purchasing an additional 262 shares during the last quarter. Bear Mountain Capital Inc. increased its holdings in shares of Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after buying an additional 167 shares during the period. EQ Wealth Advisors LLC bought a new stake in shares of Walmart in the 1st quarter valued at about $35,000. Lipe & Dalton boosted its holdings in 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 period. Finally, Mizuho Bank Ltd. purchased a new stake in Walmart during the 4th quarter valued at about $41,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Up 0.9%

WMT stock traded up $0.85 on Friday, reaching $97.45. 12,845,633 shares of the company traded hands, compared to its average volume of 13,524,539. The firm has a fifty day simple moving average of $96.76 and a 200-day simple moving average of $94.83. The company has a market cap of $777.72 billion, a P/E ratio of 41.65, a price-to-earnings-growth ratio of 4.69 and a beta of 0.68. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30. 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 (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion during 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 company's revenue was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. Research analysts anticipate 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 was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were paid a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio (DPR) is presently 40.17%.

Wall Street Analyst Weigh In

A number of brokerages have commented on WMT. Oppenheimer lifted their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. KeyCorp upped their price target on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, June 9th. Citigroup reissued a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Tigress Financial upped their price objective on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $106.67.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,744 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $95.60, for a total value of $166,726.40. Following the completion of the sale, the executive vice president directly owned 649,233 shares in the company, valued at $62,066,674.80. This trade represents a 0.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $95.14, for a total value of $380,560.00. Following the transaction, the executive vice president owned 1,056,455 shares of the company's stock, valued at approximately $100,511,128.70. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 126,696 shares of company stock worth $12,222,245. 45.58% of the stock is currently 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.