Marshall Financial Group LLC Sells 3,418 Shares of Walmart Inc. (NYSE:WMT)

Marshall Financial Group LLC lessened its position in Walmart Inc. (NYSE:WMT - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,769 shares of the retailer's stock after selling 3,418 shares during the period. Walmart comprises 0.8% of Marshall Financial Group LLC's portfolio, making the stock its 20th largest holding. Marshall Financial Group LLC's holdings in Walmart were worth $3,842,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new position in Walmart in the 4th quarter valued at approximately $25,000. Horizon Financial Services LLC raised its stake in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares during the last quarter. Noble Wealth Management PBC bought a new position in shares of Walmart during the fourth quarter valued at $37,000. Mizuho Bank Ltd. purchased a new stake in shares of Walmart during the fourth quarter valued at $41,000. Finally, Nexus Investment Management ULC purchased a new stake in shares of Walmart during the first quarter valued at $49,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Guggenheim restated a "buy" rating and set a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research report on Monday, June 9th. Evercore ISI boosted their target price on shares of Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Erste Group Bank downgraded Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. 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 stock. According to MarketBeat.com, Walmart has a consensus rating of "Moderate Buy" and an average price target of $106.50.

Walmart Price Performance

Shares of NYSE WMT traded down $0.63 during midday trading on Friday, reaching $94.20. The stock had a trading volume of 18,672,575 shares, compared to its average volume of 17,944,516. The stock has a 50-day moving average of $95.79 and a 200-day moving average of $94.08. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a market capitalization of $751.76 billion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 12-month low of $66.41 and a 12-month 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 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 the consensus estimate of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Walmart's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. As a group, research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced 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. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio is currently 40.17%.

Insider Activity at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now directly owns 888,309 shares of the company's stock, valued at $76,350,158.55. This trade represents a 0.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the sale, the chief executive officer now owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. The trade was a 0.73% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,534 shares of company stock valued at $12,833,664. 45.58% of the stock is owned by company insiders.

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.