Snider Financial Group Has $5.08 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Snider Financial Group reduced its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,803 shares of the retailer's stock after selling 3,878 shares during the period. Walmart comprises approximately 1.6% of Snider Financial Group's holdings, making the stock its 17th biggest position. Snider Financial Group's holdings in Walmart were worth $5,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. acquired a new position in shares of Walmart in the 4th quarter valued at about $25,000. Horizon Financial Services LLC boosted its holdings in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after buying an additional 262 shares during the period. Noble Wealth Management PBC acquired a new position in shares of Walmart in the 4th quarter valued at about $37,000. Mizuho Bank Ltd. acquired a new position in shares of Walmart in the 4th quarter valued at about $41,000. Finally, Elevation Wealth Partners LLC boosted its holdings in shares of Walmart by 40.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer's stock valued at $47,000 after buying an additional 150 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Trading Down 0.0%

Shares of Walmart stock traded down $0.02 during trading on Monday, hitting $97.45. The stock had a trading volume of 13,647,309 shares, compared to its average volume of 17,874,469. The stock has a 50 day simple moving average of $94.71 and a 200 day simple moving average of $93.92. The company has a market capitalization of $779.66 billion, a PE ratio of 40.43, a P/E/G ratio of 4.42 and a beta of 0.69. 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 Inc. has a 1 year low of $65.90 and a 1 year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate 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 2.85% and a return on equity of 21.87%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. On average, research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several research firms have recently commented on WMT. Raymond James decreased their price target on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, April 11th. KeyCorp lifted their price objective on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday. DZ Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a research report on Tuesday, February 25th. Piper Sandler lifted their price objective on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Finally, Robert W. Baird lifted their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $105.68.

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.