ORG Partners LLC Sells 38,762 Shares of Walmart Inc. (NYSE:WMT)

ORG Partners LLC lowered its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 86.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,302 shares of the retailer's stock after selling 38,762 shares during the quarter. ORG Partners LLC's holdings in Walmart were worth $560,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMT. Norges Bank bought a new stake in shares of Walmart during the fourth quarter worth $5,737,355,000. Raymond James Financial Inc. bought a new stake in Walmart in the fourth quarter valued at about $2,306,627,000. GAMMA Investing LLC increased its holdings in Walmart by 9,896.9% in the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock valued at $697,029,000 after purchasing an additional 7,860,306 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Walmart by 14.0% in the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock valued at $2,893,079,000 after purchasing an additional 3,927,173 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after purchasing an additional 3,550,037 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WMT shares. Royal Bank Of Canada reiterated an "outperform" rating and issued a $103.00 price objective (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. Raymond James Financial dropped their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Robert W. Baird upped their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Stifel Nicolaus dropped their price objective on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Finally, DA Davidson restated a "buy" rating and issued a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $106.50.

Walmart Stock Performance

Shares of NYSE WMT opened at $96.16 on Friday. The stock has a 50 day moving average price of $96.39 and a 200 day moving average price of $94.15. Walmart Inc. has a 52 week low of $66.55 and a 52 week high of $105.30. 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 stock has a market capitalization of $767.41 billion, a PE ratio of 41.10, a price-to-earnings-growth ratio of 4.64 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 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The business's quarterly revenue was up 2.5% compared to the same quarter last year. Analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the sale, the chief executive officer now owns 4,451,199 shares in the company, valued at $429,896,799.42. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total value of $195,052.00. Following the completion of the sale, the executive vice president now owns 398,024 shares in the company, valued at $35,288,807.84. This represents a 0.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,294 shares of company stock worth $12,656,659 over the last 90 days. Company insiders own 45.58% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.