Walmart Inc. (NYSE:WMT) Shares Sold by Parkside Investments LLC

Parkside Investments LLC decreased its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 60.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,289 shares of the retailer's stock after selling 71,720 shares during the period. Parkside Investments LLC's holdings in Walmart were worth $4,064,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of WMT. Vanguard Group Inc. lifted its position in Walmart by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock valued at $38,194,278,000 after acquiring an additional 2,050,683 shares during the period. Geode Capital Management LLC lifted its position in Walmart by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock valued at $8,167,186,000 after acquiring an additional 3,017,829 shares during the period. Norges Bank purchased a new position in Walmart during the 4th quarter valued at about $5,737,355,000. Fisher Asset Management LLC lifted its position in Walmart by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock valued at $4,408,452,000 after acquiring an additional 1,133,201 shares during the period. Finally, Northern Trust Corp lifted its position in Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after acquiring an additional 3,550,037 shares during the period. Institutional investors own 26.76% of the company's stock.

Walmart Trading Down 0.7%

Shares of Walmart stock traded down $0.63 during trading on Friday, hitting $94.20. The stock had a trading volume of 18,672,575 shares, compared to its average volume of 17,944,516. The firm's fifty day simple moving average is $95.79 and its 200-day simple moving average is $94.08. The stock has a market cap of $751.76 billion, a PE ratio of 39.09, a PEG ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a 12 month low of $66.41 and a 12 month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm's revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 EPS. As a group, sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $99.00, for a total transaction of $217,800.00. Following the transaction, the executive vice president now owns 630,518 shares of the company's stock, valued at approximately $62,421,282. This trade represents a 0.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 28,000 shares of Walmart stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the transaction, the executive vice president now directly owns 1,064,455 shares in the company, valued at approximately $103,252,135. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,534 shares of company stock valued at $12,833,664. Company insiders own 45.58% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on WMT shares. Oppenheimer lifted their price target on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Robert W. Baird lifted their price target on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Piper Sandler lifted their target price on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Barclays reaffirmed an "overweight" rating on shares of Walmart in a report on Friday, February 28th. Finally, Truist Financial lifted their target price on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $106.50.

About Walmart

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.