Leavell Investment Management Inc. Cuts Position in Walmart Inc. (NYSE:WMT)

Leavell Investment Management Inc. cut its stake in Walmart Inc. (NYSE:WMT - Free Report) by 1.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 194,957 shares of the retailer's stock after selling 3,732 shares during the quarter. Walmart comprises about 0.8% of Leavell Investment Management Inc.'s portfolio, making the stock its 23rd biggest position. Leavell Investment Management Inc.'s holdings in Walmart were worth $17,162,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. 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 worth $26,000 after buying an additional 262 shares during the last quarter. EQ Wealth Advisors LLC purchased a new position in Walmart during the 1st quarter worth $35,000. Mizuho Bank Ltd. purchased a new position in Walmart during the 4th quarter worth $41,000. Nexus Investment Management ULC purchased a new position in Walmart during the 1st quarter worth $49,000. Finally, WealthTrak Capital Management LLC purchased a new position in Walmart during the 4th quarter worth $53,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on WMT shares. KeyCorp boosted their target price on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. UBS Group lowered their price target on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Truist Financial lifted their price target on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Stifel Nicolaus lowered their price target on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Finally, Oppenheimer lifted their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $106.67.

Walmart Price Performance

WMT stock opened at $96.95 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The business has a 50 day simple moving average of $97.24 and a 200-day simple moving average of $94.45. The firm has a market capitalization of $773.70 billion, a PE ratio of 41.43, a price-to-earnings-growth ratio of 4.67 and a beta of 0.68. Walmart Inc. has a 1 year low of $66.67 and a 1 year 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 for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 earnings per share. Equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share 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 $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart's payout ratio is 40.17%.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,148 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the transaction, the chief executive officer directly owned 4,451,199 shares in the company, valued at $429,896,799.42. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 28,000 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total value of $2,716,000.00. Following the transaction, the executive vice president owned 1,064,455 shares of the company's stock, valued at approximately $103,252,135. This represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 142,711 shares of company stock valued at $13,710,319. 45.58% of the stock is currently owned by insiders.

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.

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