Outlook Wealth Advisors LLC Reduces Holdings in Walmart Inc. (NYSE:WMT)

Outlook Wealth Advisors LLC lessened its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 56.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,590 shares of the retailer's stock after selling 8,468 shares during the period. Outlook Wealth Advisors LLC's holdings in Walmart were worth $579,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Walmart by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock worth $38,194,278,000 after purchasing an additional 2,050,683 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Walmart by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock worth $8,167,186,000 after purchasing an additional 3,017,829 shares in the last quarter. Norges Bank purchased a new stake in Walmart during the 4th quarter worth about $5,737,355,000. Fisher Asset Management LLC lifted its holdings in Walmart by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock worth $4,408,452,000 after purchasing an additional 1,133,201 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on WMT shares. Morgan Stanley reissued an "overweight" rating and set a $115.00 price objective (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. KeyCorp increased their price objective on Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. DA Davidson reissued a "buy" rating and set a $117.00 price objective on shares of Walmart in a report on Friday, May 16th. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, UBS Group dropped their price objective on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $105.16.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. This represents a 0.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares of the company's stock, valued at $76,350,158.55. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,534 shares of company stock worth $12,833,664 in the last ninety days. 45.58% of the stock is owned by company insiders.

Walmart Price Performance

Shares of Walmart stock opened at $97.46 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $779.77 billion, a PE ratio of 40.44, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The business's 50-day moving average price is $94.71 and its 200-day moving average price is $93.92. Walmart Inc. has a 12 month low of $65.90 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 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 EPS. Sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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