Walmart Inc. (NYSE:WMT) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 17.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,301,584 shares of the retailer's stock after selling 266,445 shares during the period. Walmart makes up about 0.6% of Nisa Investment Advisors LLC's holdings, making the stock its 25th largest position. Nisa Investment Advisors LLC's holdings in Walmart were worth $114,574,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Horizon Financial Services LLC raised 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 acquired a new position in shares of Walmart during the 1st quarter worth $35,000. Mizuho Bank Ltd. acquired a new position in shares of Walmart during the 4th quarter worth $41,000. Nexus Investment Management ULC acquired a new position in shares of Walmart during the 1st quarter worth $49,000. Finally, WealthTrak Capital Management LLC acquired a new position in shares of Walmart during the 4th quarter worth $53,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Down 1.8%

NYSE WMT traded down $1.76 on Thursday, reaching $95.05. The company had a trading volume of 7,843,723 shares, compared to its average volume of 18,047,613. The firm has a market capitalization of $758.54 billion, a PE ratio of 40.60, a P/E/G ratio of 4.67 and a beta of 0.68. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The firm has a 50-day moving average of $97.24 and a 200-day moving average of $94.45. 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 (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the prior year, the company posted $0.60 EPS. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. On average, equities 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. Shareholders of record on Monday, May 12th were given 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 40.17%.

Analyst Ratings Changes

Several research analysts have recently issued reports on WMT shares. 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. Tigress Financial boosted their target price on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Citigroup reissued a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Robert W. Baird boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, UBS Group cut their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $106.67.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the sale, the chief executive officer directly owned 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. This represents a 0.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president directly owned 945,434 shares in the company, valued at approximately $90,619,848.90. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 142,711 shares of company stock valued at $13,710,319. Company insiders own 45.58% of the company's stock.

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.