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Kennondale Capital Management LLC Reduces Position in Walmart Inc. (NYSE:WMT)

Walmart logo with Retail/Wholesale background

Kennondale Capital Management LLC trimmed its stake in Walmart Inc. (NYSE:WMT - Free Report) by 50.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,188 shares of the retailer's stock after selling 9,189 shares during the period. Kennondale Capital Management LLC's holdings in Walmart were worth $807,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Horizon Financial Services LLC grew its stake in Walmart by 1,007.7% during the 4th 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. raised its holdings 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 acquiring an additional 167 shares during the last quarter. EQ Wealth Advisors LLC acquired a new stake in shares of Walmart in the first quarter valued at approximately $35,000. Lipe & Dalton increased its holdings in shares of Walmart by 95.2% in 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. purchased a new position in Walmart in the fourth quarter worth approximately $41,000. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the completion of the sale, the executive vice president owned 945,434 shares of the company's stock, valued at $90,619,848.90. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the sale, the executive vice president owned 630,518 shares of the company's stock, valued at $62,421,282. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 155,820 shares of company stock worth $14,965,435 over the last ninety days. 45.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WMT shares. DA Davidson restated a "buy" rating and issued a $117.00 price target on shares of Walmart in a research report on Friday, May 16th. Raymond James Financial reduced their target price on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. KeyCorp boosted their price target on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, June 9th. Evercore ISI upped their price objective on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, Wall Street Zen raised shares of Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.67.

Check Out Our Latest Report on WMT

Walmart Stock Up 0.2%

Shares of NYSE:WMT traded up $0.20 on Tuesday, hitting $95.87. 9,040,232 shares of the company traded hands, compared to its average volume of 18,123,519. The stock has a 50 day simple moving average of $96.81 and a 200-day simple moving average of $94.68. 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 company has a market cap of $765.10 billion, a PE ratio of 40.97, a PEG ratio of 4.60 and a beta of 0.68. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data 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 21.76% and a net margin of 2.75%. The business had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the prior year, the firm earned $0.60 EPS. The company's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently announced 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 of this dividend was Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio (DPR) is presently 40.17%.

Walmart Profile

(Free Report)

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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