SFG Wealth Management LLC. Has $2.23 Million Stake in Walmart Inc. (NYSE:WMT)

SFG Wealth Management LLC. decreased its stake in Walmart Inc. (NYSE:WMT - Free Report) by 12.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,363 shares of the retailer's stock after selling 3,490 shares during the quarter. Walmart accounts for about 1.1% of SFG Wealth Management LLC.'s portfolio, making the stock its 16th largest position. SFG Wealth Management LLC.'s holdings in Walmart were worth $2,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. World Investment Advisors raised its position in shares of Walmart by 7.6% during the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock worth $24,532,000 after purchasing an additional 19,233 shares during the period. Candriam S.C.A. raised its position in shares of Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after purchasing an additional 599,257 shares during the period. Modera Wealth Management LLC raised its position in shares of Walmart by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock worth $18,355,000 after purchasing an additional 9,292 shares during the period. Cushing Capital Partners LLC acquired a new stake in shares of Walmart during the fourth quarter worth about $1,124,000. Finally, GWN Securities Inc. acquired a new stake in shares of Walmart during the fourth quarter worth about $4,658,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Price Performance

Shares of NYSE WMT opened at $96.22 on Friday. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30. The firm has a market cap of $767.85 billion, a P/E ratio of 41.12, a PEG ratio of 4.75 and a beta of 0.69. The company has a 50 day moving average of $96.71 and a 200 day moving average of $94.22. 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 (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 during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 EPS. As a group, research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio (DPR) is 40.17%.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the transaction, the chief executive officer now owns 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. This represents a 0.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total transaction of $195,052.00. Following the completion of the transaction, the executive vice president now directly owns 398,024 shares of the company's stock, valued at $35,288,807.84. This represents a 0.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 123,295 shares of company stock worth $11,801,762 in the last three months. Corporate insiders own 45.58% of the company's stock.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research analyst reports. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Evercore ISI increased their price objective on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. KeyCorp increased their price objective on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 price objective on shares of Walmart in a report on Monday, June 9th. Finally, 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. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $106.50.

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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