RWA Wealth Partners LLC Sells 106,013 Shares of Walmart Inc. $WMT

Key Points

• RWA Wealth Partners LLC reduced its stake in Walmart Inc. by 19.3%, selling 106,013 shares during the 1st quarter, leaving them with 444,602 shares worth approximately $39.03 million.
• Walmart reported $0.61 earnings per share for the latest quarter, exceeding analysts' expectations of $0.58, with revenue of $165.61 billion, up 2.5% year-over-year.
• The company recently announced a dividend of $0.235 per share, with an ex-dividend date on August 15th, representing a yield of 90.0%.

RWA Wealth Partners LLC lowered its stake in Walmart Inc. (NYSE:WMT - Free Report) by 19.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 444,602 shares of the retailer's stock after selling 106,013 shares during the quarter. RWA Wealth Partners LLC's holdings in Walmart were worth $39,032,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Eagle Capital Management LLC raised its position in shares of Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after purchasing an additional 321 shares during the period. Brighton Jones LLC increased its stake in Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after purchasing an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Walmart by 5.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after purchasing an additional 485 shares in the last quarter. Highview Capital Management LLC DE increased its stake in Walmart by 4.9% during the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after purchasing an additional 1,720 shares in the last quarter. Finally, Capital Research Global Investors bought a new stake in Walmart during the 4th quarter valued at $169,753,000. Institutional investors own 26.76% of the company's stock.

Walmart Stock Down 0.9%

Shares of NYSE WMT opened at $99.96 on Monday. The business has a 50-day simple moving average of $97.60 and a two-hundred day simple moving average of $95.56. The company has a market cap of $797.72 billion, a P/E ratio of 42.72, a P/E/G ratio of 4.80 and a beta of 0.66. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 52 week low of $72.52 and a 52 week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share. Research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be paid a $0.235 dividend. This represents a 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%.

Insiders Place Their Bets

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $95.14, for a total value of $380,560.00. Following the sale, the executive vice president directly owned 1,056,455 shares of the company's stock, valued at $100,511,128.70. This trade represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the transaction, the executive vice president directly owned 932,313 shares in the company, valued at $88,700,258.82. This trade represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,334 shares of company stock valued at $13,526,350 over the last three months. Corporate insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on WMT. Erste Group Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Evercore ISI boosted their price target on shares of Walmart from $107.00 to $108.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Tigress Financial boosted their price target on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Robert W. Baird boosted their price target on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of Walmart from $112.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $109.29.

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.

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