Silverleafe Capital Partners LLC Lowers Holdings in Walmart Inc. (NYSE:WMT)

Silverleafe Capital Partners LLC trimmed its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 19.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,921 shares of the retailer's stock after selling 10,116 shares during the period. Walmart comprises about 1.2% of Silverleafe Capital Partners LLC's investment portfolio, making the stock its 21st biggest position. Silverleafe Capital Partners LLC's holdings in Walmart were worth $3,592,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Bigelow Investment Advisors LLC bought a new stake in shares of Walmart in the first quarter worth about $380,000. Grandview Asset Management LLC increased its holdings in shares of Walmart by 4.6% in the first quarter. Grandview Asset Management LLC now owns 27,168 shares of the retailer's stock worth $2,385,000 after purchasing an additional 1,194 shares during the last quarter. Kiley Juergens Wealth Management LLC increased its holdings in shares of Walmart by 2.4% in the first quarter. Kiley Juergens Wealth Management LLC now owns 24,764 shares of the retailer's stock worth $2,174,000 after purchasing an additional 591 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Walmart by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 534,559 shares of the retailer's stock worth $46,928,000 after purchasing an additional 13,290 shares during the last quarter. Finally, CWA Asset Management Group LLC increased its holdings in shares of Walmart by 6.0% in the first quarter. CWA Asset Management Group LLC now owns 63,657 shares of the retailer's stock worth $5,588,000 after purchasing an additional 3,579 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 2,200 shares of the 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 sale, the executive vice president now owns 398,024 shares in the company, valued at approximately $35,288,807.84. This represents a 0.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $94.77, for a total value of $166,795.20. Following the sale, the executive vice president now owns 650,977 shares of the company's stock, valued at approximately $61,693,090.29. This represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,294 shares of company stock worth $12,656,659 over the last 90 days. Company insiders own 45.58% of the company's stock.

Walmart Stock Up 0.9%

Walmart stock opened at $95.10 on Thursday. The business has a fifty day moving average of $96.24 and a two-hundred day moving average of $94.11. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The firm has a market cap of $758.95 billion, a P/E ratio of 40.64, a P/E/G ratio of 4.60 and a beta of 0.69. Walmart Inc. has a twelve month low of $66.55 and a twelve month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. Walmart's revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. On average, analysts forecast 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 was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio is currently 40.17%.

Wall Street Analyst Weigh In

WMT has been the topic of several research reports. Raymond James Financial reduced their target price on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Truist Financial boosted their price objective on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Mizuho boosted their price objective on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. Erste Group Bank cut Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, DZ Bank raised Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $106.50.

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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