Leo Wealth LLC Decreases Stake in Walmart Inc. (NYSE:WMT)

Leo Wealth LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 74.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,756 shares of the retailer's stock after selling 16,699 shares during the quarter. Leo Wealth LLC's holdings in Walmart were worth $505,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Horizon Financial Services LLC lifted its stake in shares of 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 bought a new position in Walmart in the 1st quarter valued at about $35,000. Mizuho Bank Ltd. bought a new position in Walmart in the 4th quarter valued at about $41,000. Nexus Investment Management ULC bought a new position in Walmart in the 1st quarter valued at about $49,000. Finally, WealthTrak Capital Management LLC bought a new position in Walmart during the 4th quarter worth $53,000. 26.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Raymond James Financial lowered their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Mizuho increased their price objective on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Oppenheimer increased their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Evercore ISI increased their price objective on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Walmart has a consensus rating of "Moderate Buy" and an average price target of $106.67.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction dated Thursday, May 22nd. The shares were 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 of the company's stock, valued at $429,896,799.42. This trade represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on 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 transaction, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,951 shares of company stock valued at $13,543,436. Insiders own 45.58% of the company's stock.

Walmart Price Performance

Shares of Walmart stock traded down $0.36 during trading on Tuesday, hitting $95.42. 10,436,778 shares of the stock traded hands, compared to its average volume of 18,119,129. 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 market cap of $761.49 billion, a price-to-earnings ratio of 40.78, a PEG ratio of 4.54 and a beta of 0.68. The firm's fifty day moving average is $97.03 and its 200-day moving average is $94.55. 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 earnings results 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 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 analysts' expectations of $164.53 billion. During the same quarter last year, the business earned $0.60 earnings per share. The business's revenue was up 2.5% on a year-over-year basis. Research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, May 27th. Investors 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 dividend yield of 0.95%. Walmart's dividend payout ratio is presently 40.17%.

About Walmart

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.