Southern Capital Advisors LLC Sells 3,807 Shares of Walmart Inc. (NYSE:WMT)

Southern Capital Advisors LLC lowered its position in Walmart Inc. (NYSE:WMT - Free Report) by 11.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,315 shares of the retailer's stock after selling 3,807 shares during the period. Walmart accounts for 1.4% of Southern Capital Advisors LLC's portfolio, making the stock its 19th largest holding. Southern Capital Advisors LLC's holdings in Walmart were worth $2,574,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Consolidated Portfolio Review Corp raised its stake in shares of Walmart by 8.9% in the first quarter. Consolidated Portfolio Review Corp now owns 43,744 shares of the retailer's stock valued at $3,840,000 after acquiring an additional 3,560 shares during the last quarter. Hofer & Associates. Inc raised its position in Walmart by 4.0% in the 1st quarter. Hofer & Associates. Inc now owns 9,338 shares of the retailer's stock worth $820,000 after purchasing an additional 362 shares during the last quarter. Lazari Capital Management Inc. raised its position in Walmart by 13.6% in the 1st quarter. Lazari Capital Management Inc. now owns 12,989 shares of the retailer's stock worth $1,140,000 after purchasing an additional 1,553 shares during the last quarter. Asset Management One Co. Ltd. raised its position in Walmart by 5.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 2,186,172 shares of the retailer's stock worth $191,924,000 after purchasing an additional 121,187 shares during the last quarter. Finally, Narwhal Capital Management raised its position in Walmart by 44.2% in the 1st quarter. Narwhal Capital Management now owns 30,119 shares of the retailer's stock worth $2,644,000 after purchasing an additional 9,228 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

Insider Buying and Selling

In other news, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total transaction of $166,883.20. Following the completion of the transaction, the executive vice president now directly owns 520,275 shares in the company, valued at $49,332,475.50. This represents a 0.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the transaction, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,419 shares of company stock valued at $14,295,650. Company insiders own 45.58% of the company's stock.

Walmart Price Performance

Shares of NYSE WMT opened at $97.88 on Tuesday. The firm has a market cap of $781.12 billion, a PE ratio of 41.83, a PEG ratio of 4.69 and a beta of 0.69. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 1-year low of $66.55 and a 1-year high of $105.30. The company has a fifty day moving average price of $96.45 and a 200 day moving average price of $94.15.

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, topping analysts' consensus estimates of $0.58 by $0.03. The firm 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 revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 EPS. Research analysts predict 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. Investors of record on Monday, May 12th were paid a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's payout ratio is presently 40.17%.

Analyst Upgrades and Downgrades

WMT has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Citigroup restated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Finally, Truist Financial boosted their price objective on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart has an average rating of "Moderate Buy" and an average target price 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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