Oppenheimer & Co. Inc. Sells 5,736 Shares of Walmart Inc. (NYSE:WMT)

Oppenheimer & Co. Inc. lessened its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 484,613 shares of the retailer's stock after selling 5,736 shares during the quarter. Walmart accounts for 0.6% of Oppenheimer & Co. Inc.'s portfolio, making the stock its 18th biggest holding. Oppenheimer & Co. Inc.'s holdings in Walmart were worth $42,544,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WMT. Horizon Financial Services LLC increased its position in Walmart by 1,007.7% during the fourth 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 last quarter. EQ Wealth Advisors LLC purchased a new stake in Walmart during the first quarter valued at $35,000. Noble Wealth Management PBC purchased a new stake in Walmart during the fourth quarter valued at $37,000. Mizuho Bank Ltd. purchased a new stake in Walmart during the fourth quarter valued at $41,000. Finally, Nexus Investment Management ULC purchased a new stake in Walmart during the first quarter valued at $49,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on WMT shares. Telsey Advisory Group restated an "outperform" rating and issued a $115.00 price target on shares of Walmart in a research report on Monday, June 9th. Guggenheim restated a "buy" rating and issued a $100.00 price target on shares of Walmart in a research report on Monday, February 24th. Royal Bank Of Canada restated an "outperform" rating and issued a $103.00 price target (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. Stifel Nicolaus reduced their price target on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Finally, Mizuho upped their price target on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Walmart currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.50.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. This trade represents a 0.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the transaction, the executive vice president now owns 398,024 shares in the company, valued at $35,288,807.84. The trade was a 0.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 152,419 shares of company stock worth $14,295,650 in the last ninety days. 45.58% of the stock is owned by company insiders.

Walmart Trading Up 1.8%

Shares of NYSE WMT opened at $97.88 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The business's 50 day moving average price is $96.45 and its 200-day moving average price is $94.15. Walmart Inc. has a fifty-two week low of $66.55 and a fifty-two week high of $105.30. The company 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 (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The company's revenue for the quarter was up 2.5% on a year-over-year basis. On average, sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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

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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