Scissortail Wealth Management LLC Lowers Stake in Walmart Inc. (NYSE:WMT)

Key Points

• Scissortail Wealth Management LLC reduced its position in Walmart Inc. by 8.3% during the first quarter, now holding 93,030 shares, valued at $8,167,000.
• Other institutional investors have been active, with Bear Mountain Capital Inc. increasing its Walmart stake by 98.2%, and multiple firms acquiring new shares in the retailer.
• Walmart recently reported earnings of $0.61 per share, beating estimates, with revenues of $165.61 billion, reflecting a 2.5% increase year-over-year.

Scissortail Wealth Management LLC reduced its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 8.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,030 shares of the retailer's stock after selling 8,378 shares during the period. Walmart comprises 2.1% of Scissortail Wealth Management LLC's investment portfolio, making the stock its 14th largest holding. Scissortail Wealth Management LLC's holdings in Walmart were worth $8,167,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in shares of Walmart by 9,896.9% in the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock valued at $697,029,000 after buying an additional 7,860,306 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Walmart by 30.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock valued at $2,922,770,000 after buying an additional 7,706,201 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in shares of Walmart by 28,684.8% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 4,229,354 shares of the retailer's stock valued at $371,295,000 after buying an additional 4,214,661 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after buying an additional 3,550,037 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Walmart by 33.4% in the 1st quarter. Deutsche Bank AG now owns 13,683,991 shares of the retailer's stock valued at $1,201,318,000 after buying an additional 3,427,615 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of WMT traded up $0.65 during trading hours on Friday, reaching $103.77. The company had a trading volume of 12,392,140 shares, compared to its average volume of 13,978,248. The firm has a 50 day simple moving average of $97.30 and a 200-day simple moving average of $95.39. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $828.13 billion, a price-to-earnings ratio of 44.35, a PEG ratio of 4.99 and a beta of 0.66. Walmart Inc. has a 12-month low of $67.14 and a 12-month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced 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. The business had revenue of $165.61 billion during 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%. The business's revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 EPS. Research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the transaction, the executive vice president directly owned 628,318 shares in the company, valued at approximately $61,851,623.92. This trade represents a 0.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kathryn J. Mclay sold 28,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the transaction, the executive vice president owned 1,064,455 shares of the company's stock, valued at $103,252,135. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 146,112 shares of company stock valued at $14,080,073. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. KeyCorp upped their target price on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, June 9th. Royal Bank Of Canada reiterated an "outperform" rating and set a $103.00 price target (up previously from $102.00) on shares of Walmart in a research note on Monday, June 9th. Robert W. Baird increased their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Wall Street Zen upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Tigress Financial increased their price target on shares of Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Walmart presently has an average rating of "Buy" and an average price target of $106.67.

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.