RMR Capital Management LLC Sells 4,252 Shares of Walmart Inc. (NYSE:WMT)

Key Points

• RMR Capital Management LLC reduced its position in Walmart Inc. by 17.0%, selling 4,252 shares and holding 20,798 shares valued at approximately $1.83 million.
• Analysts have a consensus rating of "Buy" for the stock, with a price target ranging up to $120.00, and one analyst holds a strong buy rating.
• Walmart recently declared a dividend of $0.235 per share, set to be paid on September 2nd, with an ex-dividend date of August 15th.

RMR Capital Management LLC reduced its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 17.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,798 shares of the retailer's stock after selling 4,252 shares during the quarter. Walmart accounts for about 1.3% of RMR Capital Management LLC's investment portfolio, making the stock its 21st biggest holding. RMR Capital Management LLC's holdings in Walmart were worth $1,826,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Whelan Financial lifted its holdings in Walmart by 2.3% in the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after acquiring an additional 97 shares during the period. Bedel Financial Consulting Inc. lifted its holdings in Walmart by 0.4% in the first quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock valued at $2,275,000 after acquiring an additional 102 shares during the period. Scott & Selber Inc. lifted its holdings in Walmart by 3.7% in the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock valued at $256,000 after acquiring an additional 105 shares during the period. Capital Advisors Wealth Management LLC lifted its holdings in Walmart by 1.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock valued at $684,000 after acquiring an additional 105 shares during the period. Finally, Lauterbach Financial Advisors LLC lifted its holdings in Walmart by 1.8% in the first quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock valued at $517,000 after acquiring an additional 106 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on WMT shares. Royal Bank Of Canada reissued an "outperform" rating and issued a $103.00 target price (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. Oppenheimer upped their price target on Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday. Robert W. Baird upped their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Citigroup restated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Finally, Tigress Financial upped their price target on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. One analyst has 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's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $107.47.

Insider Activity

In related news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $98.30, for a total transaction of $216,260.00. Following the completion of the sale, the executive vice president directly owned 626,118 shares of the company's stock, valued at approximately $61,547,399.40. This trade represents a 0.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 19,416 shares of the firm's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total value of $1,855,781.28. Following the transaction, the chief executive officer owned 4,412,398 shares in the company, valued at $421,737,000.84. The trade was a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 144,334 shares of company stock worth $13,913,350 in the last three months. Corporate insiders own 0.10% of the company's stock.

Walmart Price Performance

Shares of WMT stock opened at $99.96 on Friday. Walmart Inc. has a 52-week low of $72.52 and a 52-week high of $105.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The firm has a market capitalization of $797.72 billion, a P/E ratio of 42.72, a P/E/G ratio of 4.84 and a beta of 0.66. The stock has a 50 day moving average price of $97.60 and a 200 day moving average price of $95.59.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $164.53 billion. During the same period last year, the company earned $0.60 EPS. Walmart'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 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be paid a dividend of $0.235 per share. This represents a dividend yield of 90.0%. The ex-dividend date of this dividend is Friday, August 15th. Walmart's dividend payout ratio (DPR) is currently 40.17%.

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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