Nisa Investment Advisors LLC Trims Stake in Walmart Inc. (NYSE:WMT)

Nisa Investment Advisors LLC trimmed its stake in Walmart Inc. (NYSE:WMT - Free Report) by 17.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,301,584 shares of the retailer's stock after selling 266,445 shares during the quarter. Walmart makes up 0.6% of Nisa Investment Advisors LLC's holdings, making the stock its 25th largest holding. Nisa Investment Advisors LLC's holdings in Walmart were worth $114,574,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Horizon Financial Services LLC lifted its position 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 purchasing an additional 262 shares during the last quarter. EQ Wealth Advisors LLC bought a new position in Walmart during the first quarter valued at about $35,000. Mizuho Bank Ltd. bought a new position in Walmart during the fourth quarter valued at about $41,000. Nexus Investment Management ULC bought a new position in Walmart during the first quarter valued at about $49,000. Finally, WealthTrak Capital Management LLC bought a new position in Walmart during the fourth quarter valued at about $53,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Kathryn J. Mclay sold 28,000 shares of the business's 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 transaction, the executive vice president directly owned 1,064,455 shares of the company's stock, valued at $103,252,135. The trade was 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, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total transaction of $217,800.00. Following the transaction, the executive vice president directly owned 630,518 shares of the company's stock, valued at $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 142,711 shares of company stock valued at $13,710,319 over the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WMT. Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a research note on Monday, June 9th. Mizuho upped their price objective on Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, June 9th. Evercore ISI upped their price objective on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Finally, Robert W. Baird upped their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.

Walmart Stock Down 2.0%

NYSE:WMT traded down $1.89 during mid-day trading on Thursday, hitting $94.92. 18,834,936 shares of the company's stock were exchanged, compared to its average volume of 18,115,602. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The business has a fifty day moving average price of $97.19 and a 200 day moving average price of $94.48. The company has a market cap of $757.48 billion, a PE ratio of 40.56, a P/E/G ratio of 4.66 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share. Equities analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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