Patriot Financial Group Insurance Agency LLC Reduces Stock Holdings in Walmart Inc. (NYSE:WMT)

Patriot Financial Group Insurance Agency LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,956 shares of the retailer's stock after selling 3,736 shares during the quarter. Patriot Financial Group Insurance Agency LLC's holdings in Walmart were worth $4,210,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of WMT. Norges Bank purchased a new stake in Walmart during the 4th quarter worth approximately $5,737,355,000. Raymond James Financial Inc. purchased a new stake in Walmart during the 4th quarter worth approximately $2,306,627,000. GAMMA Investing LLC increased its holdings in Walmart by 9,896.9% during the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock worth $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% during the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock worth $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% 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 during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WMT shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $102.00 price target on shares of Walmart in a report on Friday, May 16th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a report on Monday, May 5th. UBS Group lowered their price target on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. KeyCorp boosted their price target on Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Barclays reiterated an "overweight" rating on shares of Walmart in a report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.16.

Insider Transactions at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares of the company's stock, valued at $76,350,158.55. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the business'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 sale, the executive vice president now directly owns 398,024 shares in the company, valued at $35,288,807.84. This trade represents a 0.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,534 shares of company stock valued at $12,833,664 over the last three months. Company insiders own 45.58% of the company's stock.

Walmart Trading Down 0.5%

Shares of Walmart stock opened at $97.46 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a market cap of $779.77 billion, a price-to-earnings ratio of 40.44, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The business has a fifty day simple moving average of $94.71 and a 200-day simple moving average of $93.88. Walmart Inc. has a fifty-two week low of $65.90 and a fifty-two week 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 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion during 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 quarter in the prior year, the firm posted $0.60 earnings per share. On average, equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio (DPR) is presently 40.17%.

Walmart Company 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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