Pacific Global Investment Management Co. Lowers Stock Holdings in Walmart Inc. (NYSE:WMT)

Pacific Global Investment Management Co. trimmed its stake in Walmart Inc. (NYSE:WMT - Free Report) by 47.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,343 shares of the retailer's stock after selling 4,864 shares during the period. Pacific Global Investment Management Co.'s holdings in Walmart were worth $469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Horizon Financial Services LLC boosted its position in 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 buying an additional 262 shares during the period. EQ Wealth Advisors LLC purchased a new stake in shares of Walmart in the 1st quarter worth approximately $35,000. Noble Wealth Management PBC purchased a new stake in shares of Walmart in the 4th quarter worth approximately $37,000. Mizuho Bank Ltd. purchased a new stake in shares of Walmart in the 4th quarter worth approximately $41,000. Finally, Nexus Investment Management ULC purchased a new stake in shares of Walmart in the 1st quarter worth approximately $49,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Up 1.4%

NYSE WMT opened at $97.41 on Friday. The company has a market capitalization of $777.37 billion, a PE ratio of 41.63, a P/E/G ratio of 4.69 and a beta of 0.69. The company has a fifty day moving average of $96.80 and a 200 day moving average of $94.24. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share. Research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were given 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 dividend payout ratio (DPR) is currently 40.17%.

Wall Street Analyst Weigh In

WMT has been the subject of several research reports. Citigroup reaffirmed a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Robert W. Baird upped their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Stifel Nicolaus lowered their price target on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Raymond James Financial lowered their price target on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Finally, Barclays reaffirmed an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Two 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 stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of "Moderate Buy" and an average target price of $106.50.

Insider Activity

In other 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 transaction of $2,815,113.84. Following the completion of the transaction, the chief executive officer now directly owns 4,451,199 shares of the company's stock, valued at $429,896,799.42. This represents a 0.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $95.24, for a total value of $380,960.00. Following the transaction, the executive vice president now directly owns 1,060,455 shares of the company's stock, valued at approximately $100,997,734.20. The trade was a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,711 shares of company stock worth $13,688,803 over the last three months. 45.58% of the stock is currently owned by corporate 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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