SeaCrest Wealth Management LLC Sells 15,306 Shares of Walmart Inc. (NYSE:WMT)

SeaCrest Wealth Management LLC lessened its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 23.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,762 shares of the retailer's stock after selling 15,306 shares during the period. Walmart comprises approximately 0.5% of SeaCrest Wealth Management LLC's portfolio, making the stock its 28th biggest position. SeaCrest Wealth Management LLC's holdings in Walmart were worth $4,456,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. FPC Investment Advisory Inc. purchased a new position in shares of Walmart during the 4th quarter valued at $25,000. Horizon Financial Services LLC boosted its position in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after purchasing an additional 262 shares during the last quarter. Noble Wealth Management PBC purchased a new position in Walmart in the fourth quarter valued at about $37,000. Mizuho Bank Ltd. purchased a new position in Walmart in the fourth quarter valued at about $41,000. Finally, Elevation Wealth Partners LLC increased its position in 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 last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction of $217,800.00. Following the sale, the executive vice president now directly owns 630,518 shares of the company's stock, valued at approximately $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now directly owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. The trade was a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,534 shares of company stock valued at $12,833,664 over the last quarter. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of WMT stock traded down $0.50 during mid-day trading on Friday, reaching $97.46. The stock had a trading volume of 15,583,112 shares, compared to its average volume of 17,900,687. Walmart Inc. has a one year low of $65.64 and a one year high of $105.30. The firm has a market cap of $779.77 billion, a PE ratio of 40.44, a P/E/G ratio of 4.42 and a beta of 0.69. The firm's 50 day simple moving average is $94.53 and its 200 day simple moving average is $93.76. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Walmart's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.60 earnings per share. On average, analysts forecast that Walmart Inc. will post 2.55 EPS 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 given a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio (DPR) is currently 40.17%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Telsey Advisory Group reiterated an "outperform" rating on shares of Walmart in a report on Wednesday, May 21st. UBS Group reduced their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Evercore ISI increased their price target on shares of Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research note on Wednesday. Roth Mkm reaffirmed a "buy" rating and issued a $108.00 price objective (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $105.16.

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.