Menora Mivtachim Holdings LTD. Lowers Stock Holdings in Walmart Inc. (NYSE:WMT)

Key Points

• Menora Mivtachim Holdings LTD. decreased its stake in Walmart by 9.3%, owning approximately 2.49 million shares worth about $218.76 million after selling 255,600 shares in the first quarter.
• Walmart reported earnings of $0.61 per share, surpassing the consensus estimate of $0.58, with a quarterly revenue of $165.61 billion, representing a 2.5% year-over-year increase.
• The company announced a $0.235 dividend to be paid on September 2nd, with a yield of 90.0% and a payout ratio of 40.17%.

Menora Mivtachim Holdings LTD. lessened its position in Walmart Inc. (NYSE:WMT - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,491,844 shares of the retailer's stock after selling 255,600 shares during the quarter. Walmart comprises 1.4% of Menora Mivtachim Holdings LTD.'s holdings, making the stock its 23rd largest position. Menora Mivtachim Holdings LTD.'s holdings in Walmart were worth $218,759,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Operose Advisors LLC increased its holdings in shares of Walmart by 319.7% in the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock valued at $28,000 after purchasing an additional 243 shares during the last quarter. Bear Mountain Capital Inc. increased its holdings in shares of Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after purchasing an additional 167 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Walmart by 432.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $32,000 after purchasing an additional 294 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. Finally, 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. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Trading Down 0.9%

NYSE:WMT opened at $99.96 on Friday. Walmart Inc. has a 1 year low of $72.52 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock has a market cap of $797.72 billion, a P/E ratio of 42.72, a P/E/G ratio of 4.84 and a beta of 0.66. The stock has a 50-day simple moving average of $97.60 and a 200-day simple moving average of $95.59.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the business earned $0.60 EPS. The business's quarterly revenue was up 2.5% on a year-over-year basis. As a group, analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be issued a $0.235 dividend. This represents a dividend yield of 90.0%. The ex-dividend date of this dividend is Friday, August 15th. Walmart's payout ratio is presently 40.17%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $103.00 price target (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. DA Davidson reaffirmed a "buy" rating and issued a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Tigress Financial raised their target price on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Finally, Truist Financial raised their target price on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Walmart has an average rating of "Buy" and a consensus price target of $107.47.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the sale, the chief executive officer directly owned 4,412,398 shares of the company's stock, valued at $421,737,000.84. This represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $98.30, for a total value of $216,260.00. Following the sale, the executive vice president directly owned 626,118 shares of the company's stock, valued at approximately $61,547,399.40. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 144,334 shares of company stock worth $13,913,350. Corporate insiders own 0.10% of the company's stock.

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.

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