RFG Advisory LLC Sells 32,162 Shares of Walmart Inc. (NYSE:WMT)

RFG Advisory LLC lessened its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 24.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,106 shares of the retailer's stock after selling 32,162 shares during the quarter. RFG Advisory LLC's holdings in Walmart were worth $8,964,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of WMT. FPC Investment Advisory Inc. bought a new stake in shares of Walmart in the 4th quarter worth approximately $25,000. Horizon Financial Services LLC boosted its holdings in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares in the last quarter. Noble Wealth Management PBC purchased a new position in Walmart during the 4th quarter valued at $37,000. Mizuho Bank Ltd. bought a new position in Walmart in the 4th quarter worth $41,000. Finally, Elevation Wealth Partners LLC lifted its position in shares of Walmart by 40.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer's stock worth $47,000 after purchasing an additional 150 shares during the period. Institutional investors own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WMT shares. Guggenheim reiterated a "buy" rating and set a $100.00 price target on shares of Walmart in a research report on Monday, February 24th. Roth Mkm reiterated a "buy" rating and set a $108.00 target price (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. Raymond James dropped their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Oppenheimer increased their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, Truist Financial raised their price objective on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $105.16.

Walmart Stock Performance

Walmart stock traded down $1.53 during mid-day trading on Thursday, reaching $97.82. 15,058,873 shares of the stock traded hands, compared to its average volume of 17,879,563. Walmart Inc. has a 12-month low of $65.64 and a 12-month high of $105.30. The business's 50-day moving average is $94.33 and its 200-day moving average is $93.67. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The stock has a market capitalization of $782.64 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly 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. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the company posted $0.60 EPS. The business's quarterly revenue 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 EPS for the current fiscal year.

Walmart Dividend Announcement

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

Insider Buying and Selling 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 shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now owns 888,309 shares of the company's stock, valued at $76,350,158.55. The trade was a 0.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the transaction, the executive vice president now directly owns 630,518 shares in the company, valued at approximately $62,421,282. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,534 shares of company stock valued at $12,833,664. Insiders own 45.58% of the company's stock.

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.