Walmart Inc. (NYSE:WMT) Stock Position Lowered by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. decreased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 15.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,839 shares of the retailer's stock after selling 3,010 shares during the period. Neville Rodie & Shaw Inc.'s holdings in Walmart were worth $1,479,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. FPC Investment Advisory Inc. bought a new stake in shares of Walmart in the 4th quarter worth about $25,000. Horizon Financial Services LLC increased its position in shares of Walmart by 1,007.7% in the 4th 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. Fiduciary Advisors Inc. bought a new stake in shares of Walmart in the 4th quarter worth about $27,000. Noble Wealth Management PBC bought a new stake in shares of Walmart in the 4th quarter worth about $37,000. Finally, Mizuho Bank Ltd. bought a new stake in shares of Walmart in the 4th quarter worth about $41,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Transactions at Walmart

In related news, EVP Kathryn J. Mclay sold 28,000 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the sale, the executive vice president now directly owns 1,064,455 shares of the company's stock, valued at $103,252,135. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the 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 directly owns 3,972,517 shares of the company's stock, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 135,334 shares of company stock valued at $12,615,864. Company insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Erste Group Bank downgraded shares of Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Barclays reissued an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Oppenheimer boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Raymond James lowered their price objective on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $104.94.

Walmart Price Performance

Shares of NYSE:WMT traded up $1.47 during trading on Friday, reaching $98.57. The company had a trading volume of 29,968,085 shares, compared to its average volume of 17,929,072. The firm's fifty day moving average is $93.46 and its 200 day moving average is $93.36. The firm has a market capitalization of $788.65 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. Walmart Inc. has a twelve month low of $64.16 and a twelve month high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. On average, equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently declared 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 of this dividend was Friday, May 9th. Walmart's dividend payout ratio is currently 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.