Leavell Investment Management Inc. lowered its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,957 shares of the retailer's stock after selling 3,732 shares during the period. Walmart makes up 0.8% of Leavell Investment Management Inc.'s holdings, making the stock its 23rd largest position. Leavell Investment Management Inc.'s holdings in Walmart were worth $17,162,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Eagle Capital Management LLC grew its holdings in shares of Walmart by 9.1% in the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after acquiring an additional 321 shares during the last quarter. Brighton Jones LLC boosted its position in Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after purchasing an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after purchasing an additional 485 shares during the last quarter. Highview Capital Management LLC DE lifted its position in shares of Walmart by 4.9% in the fourth quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock worth $3,338,000 after buying an additional 1,720 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its position in shares of Walmart by 6.8% in the fourth quarter. Proficio Capital Partners LLC now owns 90,423 shares of the retailer's stock worth $8,170,000 after buying an additional 5,765 shares during the last quarter. Institutional investors own 26.76% of the company's stock.
Walmart Price Performance
WMT traded down $0.38 during trading on Friday, hitting $94.48. 7,464,578 shares of the stock traded hands, compared to its average volume of 19,821,129. The business has a 50 day moving average price of $97.19 and a 200 day moving average price of $94.48. The company has a market cap of $753.97 billion, a price-to-earnings ratio of 40.39, a PEG ratio of 4.66 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 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 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. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Walmart's revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.
Walmart Announces Dividend
The company also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were given a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio (DPR) is currently 40.17%.
Wall Street Analyst Weigh In
WMT has been the subject of a number of analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Tigress Financial boosted their price target on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Robert W. Baird boosted their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research 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. Finally, KeyCorp lifted their price objective on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Walmart presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.67.
Get Our Latest Stock Report on Walmart
Insider Activity at Walmart
In related news, EVP John R. Furner sold 13,125 shares of the company's 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 sale, the executive vice president owned 945,434 shares in the company, valued at $90,619,848.90. This represents a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction of $217,800.00. Following the completion of the sale, the executive vice president owned 630,518 shares in the company, valued at $62,421,282. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 142,711 shares of company stock worth $13,710,319 over the last three months. 45.58% of the stock is currently owned by company insiders.
About Walmart
(
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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