Nisa Investment Advisors LLC Sells 266,445 Shares of Walmart Inc. (NYSE:WMT)

Nisa Investment Advisors LLC reduced its stake in Walmart Inc. (NYSE:WMT - Free Report) by 17.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,301,584 shares of the retailer's stock after selling 266,445 shares during the period. Walmart comprises approximately 0.6% of Nisa Investment Advisors LLC's investment portfolio, 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 SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Horizon Financial Services LLC raised 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 acquiring an additional 262 shares in the last quarter. EQ Wealth Advisors LLC bought a new stake in Walmart in the first quarter worth approximately $35,000. Mizuho Bank Ltd. acquired a new position in Walmart in the fourth quarter valued at approximately $41,000. Nexus Investment Management ULC bought a new position in shares of Walmart during the 1st quarter worth approximately $49,000. Finally, WealthTrak Capital Management LLC acquired a new stake in shares of Walmart during the 4th quarter worth approximately $53,000. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Truist Financial increased their price target on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Tigress Financial lifted their price objective on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Wall Street Zen upgraded shares of Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Evercore ISI boosted their price objective on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group restated 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 issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $106.67.

Walmart Stock Down 0.1%

Shares of NYSE:WMT traded down $0.14 during trading on Wednesday, hitting $96.95. The stock had a trading volume of 13,682,144 shares, compared to its average volume of 18,050,160. The company has a market capitalization of $773.70 billion, a PE ratio of 41.43, a PEG ratio of 4.78 and a beta of 0.68. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The firm's fifty day moving average is $97.24 and its 200 day moving average is $94.43. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced 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. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter in the prior year, the company earned $0.60 earnings per share. The business's revenue was up 2.5% compared to the same quarter last year. Analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors 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 payout ratio is 40.17%.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Monday, June 2nd. The stock was 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. This represents a 0.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the transaction, the chief executive officer owned 4,451,199 shares in the company, valued at $429,896,799.42. This trade represents a 0.65% 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 worth $13,710,319 in the last 90 days. Corporate insiders own 45.58% 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.