Jackson Hole Capital Partners LLC Sells 22,162 Shares of Walmart Inc. (NYSE:WMT)

Jackson Hole Capital Partners LLC decreased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 25.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,213 shares of the retailer's stock after selling 22,162 shares during the period. Walmart comprises 1.1% of Jackson Hole Capital Partners LLC's portfolio, making the stock its 21st biggest position. Jackson Hole Capital Partners LLC's holdings in Walmart were worth $5,637,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of WMT. 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 purchasing an additional 262 shares during the last quarter. Bear Mountain Capital Inc. grew its stake in shares of Walmart by 98.2% during the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after purchasing an additional 167 shares during the last quarter. EQ Wealth Advisors LLC bought a new stake in shares of Walmart during the first quarter valued at approximately $35,000. Lipe & Dalton grew its stake in shares of Walmart by 95.2% during the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after purchasing an additional 200 shares during the last quarter. Finally, Mizuho Bank Ltd. bought a new stake in shares of Walmart during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total value of $216,568.00. Following the sale, the executive vice president directly owned 628,318 shares in the company, valued at approximately $61,851,623.92. The trade was a 0.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $97.19, for a total transaction of $1,887,041.04. Following the completion of the transaction, the chief executive officer directly owned 4,431,783 shares of the company's stock, valued at approximately $430,724,989.77. This trade represents a 0.44% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 126,696 shares of company stock worth $12,222,245. 45.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Truist Financial increased their price target on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Stifel Nicolaus reduced their price objective on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. UBS Group reduced their price objective on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. KeyCorp raised their price objective on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Finally, Mizuho raised their price objective on shares of Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, June 9th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $106.67.

Walmart Stock Up 1.0%

Shares of NYSE:WMT traded up $0.94 during midday trading on Thursday, reaching $96.62. 14,977,777 shares of the company were exchanged, compared to its average volume of 13,743,034. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $96.77 and a two-hundred day simple moving average of $94.77. The firm has a market cap of $771.05 billion, a PE ratio of 41.29, a P/E/G ratio of 4.60 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the previous year, the business earned $0.60 EPS. The company's revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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

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.