Oak Family Advisors LLC Has $6.63 Million Holdings in Walmart Inc. (NYSE:WMT)

Oak Family Advisors LLC lessened its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 18.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,494 shares of the retailer's stock after selling 17,582 shares during the quarter. Walmart makes up approximately 2.2% of Oak Family Advisors LLC's holdings, making the stock its 10th biggest holding. Oak Family Advisors LLC's holdings in Walmart were worth $6,628,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new position in shares of Walmart in the 4th quarter valued at about $25,000. 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 valued at $26,000 after acquiring an additional 262 shares during the period. Noble Wealth Management PBC acquired a new stake in shares of Walmart in the 4th quarter valued at approximately $37,000. Mizuho Bank Ltd. acquired a new stake in shares of Walmart in the 4th quarter valued at approximately $41,000. Finally, Elevation Wealth Partners LLC raised its position in shares of Walmart by 40.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer's stock valued at $47,000 after acquiring an additional 150 shares during the period. Institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WMT. Morgan Stanley reiterated an "overweight" rating and issued a $115.00 price target (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Stifel Nicolaus cut their price target on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. KeyCorp increased their price target on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday. Royal Bank of Canada reiterated an "outperform" rating and issued a $103.00 price target (up from $102.00) on shares of Walmart in a research report on Monday. Finally, Erste Group Bank downgraded shares of Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $105.68.

Walmart Stock Performance

WMT stock traded down $1.62 during midday trading on Wednesday, reaching $95.70. 16,357,466 shares of the company were exchanged, compared to its average volume of 17,868,540. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The business has a 50-day moving average price of $95.06 and a two-hundred day moving average price of $93.99. Walmart Inc. has a one year low of $65.90 and a one year high of $105.30. The firm has a market capitalization of $765.70 billion, a price-to-earnings ratio of 39.71, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the previous year, the business posted $0.60 earnings per share. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $99.00, for a total transaction of $217,800.00. Following the completion of the sale, the executive vice president now owns 630,518 shares of the company's stock, valued at $62,421,282. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now directly owns 888,309 shares of the company's stock, valued at $76,350,158.55. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,534 shares of company stock worth $12,833,664. Corporate 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.