Walmart Inc. (NYSE:WMT) Stock Position Decreased by Proffitt & Goodson Inc.

Proffitt & Goodson Inc. decreased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 33.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 10,314 shares of the retailer's stock after selling 5,194 shares during the period. Proffitt & Goodson Inc.'s holdings in Walmart were worth $905,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Eagle Capital Management LLC increased its holdings in shares of Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after buying an additional 321 shares during the last quarter. Brighton Jones LLC grew its position in Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after acquiring an additional 21,939 shares during the period. Revolve Wealth Partners LLC increased its stake in Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after acquiring an additional 485 shares during the last quarter. Highview Capital Management LLC DE raised its holdings in shares of Walmart by 4.9% in the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock worth $3,338,000 after purchasing an additional 1,720 shares during the period. Finally, Proficio Capital Partners LLC lifted its stake in shares of Walmart by 6.8% in the 4th quarter. Proficio Capital Partners LLC now owns 90,423 shares of the retailer's stock valued at $8,170,000 after purchasing an additional 5,765 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Insiders Place Their Bets

In related news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the transaction, the executive vice president directly owned 945,434 shares of the company's stock, valued at approximately $90,619,848.90. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $95.24, for a total transaction of $380,960.00. Following the completion of the transaction, the executive vice president owned 1,060,455 shares in the company, valued at approximately $100,997,734.20. This represents a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 142,711 shares of company stock valued at $13,710,319 over the last quarter. 45.58% of the stock is owned by insiders.

Walmart Price Performance

Shares of WMT traded down $0.22 during trading hours on Monday, hitting $98.14. 3,822,820 shares of the company were exchanged, compared to its average volume of 18,013,188. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The company has a market capitalization of $783.18 billion, a PE ratio of 41.94, a PEG ratio of 4.73 and a beta of 0.68. The firm has a fifty day simple moving average of $97.14 and a 200-day simple moving average of $94.36. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the previous year, the company earned $0.60 EPS. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently issued reports on WMT shares. Robert W. Baird increased their target price 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. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Raymond James Financial reduced their target price on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. UBS Group decreased their price target on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.

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.