Oppenheimer Asset Management Inc. Sells 16,514 Shares of Walmart Inc. (NYSE:WMT)

Oppenheimer Asset Management Inc. lessened its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 6.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 240,807 shares of the retailer's stock after selling 16,514 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Walmart were worth $21,140,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. LaFleur & Godfrey LLC increased its stake in Walmart by 1.4% in the fourth quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer's stock valued at $6,283,000 after purchasing an additional 992 shares in the last quarter. Eagle Capital Management LLC increased its stake in Walmart by 9.1% in the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock valued at $349,000 after purchasing an additional 321 shares in the last quarter. Brighton Jones LLC increased its stake in Walmart by 28.8% in the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after purchasing an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Walmart by 5.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after purchasing an additional 485 shares in the last quarter. Finally, SOA Wealth Advisors LLC. increased its stake in Walmart by 1.6% in the fourth quarter. SOA Wealth Advisors LLC. now owns 9,194 shares of the retailer's stock valued at $831,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on WMT shares. KeyCorp lifted their price target on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Evercore ISI boosted their target price on shares of Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Mizuho boosted their target price on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Truist Financial boosted their target price on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Wall Street Zen raised shares of Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $106.50.

Walmart Stock Up 1.8%

WMT opened at $97.88 on Tuesday. 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 stock has a market cap of $781.12 billion, a price-to-earnings ratio of 41.83, a PEG ratio of 4.69 and a beta of 0.69. Walmart Inc. has a twelve month low of $66.55 and a twelve month high of $105.30. The company's 50-day moving average price is $96.45 and its two-hundred day moving average price is $94.15.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion for 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 company's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. As a group, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were paid a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's payout ratio is 40.17%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the transaction, the executive vice president now directly owns 630,518 shares in the company, valued at $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total transaction of $166,883.20. Following the sale, the executive vice president now owns 520,275 shares in the company, valued at $49,332,475.50. The trade was a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 152,419 shares of company stock worth $14,295,650 over the last three months. 45.58% of the stock is currently owned by insiders.

Walmart 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.

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