Montag A & Associates Inc. Sells 3,547 Shares of Walmart Inc. (NYSE:WMT)

Montag A & Associates Inc. cut its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 249,211 shares of the retailer's stock after selling 3,547 shares during the quarter. Walmart accounts for 1.1% of Montag A & Associates Inc.'s investment portfolio, making the stock its 18th largest holding. Montag A & Associates Inc.'s holdings in Walmart were worth $21,936,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WMT. Norges Bank bought a new stake in Walmart during the fourth quarter worth $5,737,355,000. GAMMA Investing LLC grew its holdings in Walmart by 9,896.9% during the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock worth $697,029,000 after buying an additional 7,860,306 shares in the last quarter. Northern Trust Corp grew its holdings in Walmart by 8.9% during the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after buying an additional 3,550,037 shares in the last quarter. APG Asset Management N.V. grew its holdings in Walmart by 1,707.6% during the fourth quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock worth $324,410,000 after buying an additional 3,512,368 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Walmart by 48.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,765,159 shares of the retailer's stock worth $882,282,000 after buying an additional 3,182,477 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WMT. Royal Bank Of Canada restated an "outperform" rating and issued a $103.00 price objective (up previously from $102.00) on shares of Walmart in a research note on Monday, June 9th. Raymond James Financial cut their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Truist Financial increased their price objective on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Oppenheimer increased their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $106.67.

Insider Transactions at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the completion of the transaction, the executive vice president owned 945,434 shares in the company, valued at approximately $90,619,848.90. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathryn J. Mclay sold 28,000 shares of Walmart stock in a transaction on Wednesday, May 21st. The shares were 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 $103,252,135. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,695 shares of company stock worth $13,710,162. 45.58% of the stock is owned by company insiders.

Walmart Price Performance

WMT opened at $95.01 on Friday. The stock's 50 day simple moving average is $96.81 and its 200 day simple moving average is $94.65. 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 Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The firm has a market cap of $758.22 billion, a price-to-earnings ratio of 40.60, a PEG ratio of 4.57 and a beta of 0.68.

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 analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion for 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 business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS. As a group, analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's payout ratio is presently 40.17%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.