Sowell Financial Services LLC Sells 5,719 Shares of Walmart Inc. (NYSE:WMT)

Sowell Financial Services LLC lowered its position in Walmart Inc. (NYSE:WMT - Free Report) by 3.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,350 shares of the retailer's stock after selling 5,719 shares during the period. Sowell Financial Services LLC's holdings in Walmart were worth $12,672,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new position in shares of Walmart in the 4th quarter valued at $25,000. Horizon Financial Services LLC grew 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 $37,000. Mizuho Bank Ltd. acquired a new position in shares of Walmart in the 4th quarter valued at $41,000. Finally, Nexus Investment Management ULC acquired a new position in shares of Walmart in the 1st quarter valued at $49,000. Institutional investors own 26.76% of the company's stock.

Walmart Stock Down 0.7%

Walmart stock opened at $94.20 on Monday. The stock has a market cap of $751.76 billion, a P/E ratio of 39.09, 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 twelve month low of $66.41 and a twelve month high of $105.30. The company's 50-day moving average price is $95.79 and its two-hundred day moving average price is $94.09.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. As a group, analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

Analyst Upgrades and Downgrades

WMT has been the subject of several research analyst reports. KeyCorp boosted their price target on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, June 9th. Barclays reissued an "overweight" rating on shares of Walmart in a report on Friday, February 28th. DA Davidson reissued a "buy" rating and issued a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Piper Sandler upped their target price on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Finally, Wall Street Zen raised shares of Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart currently has an average rating of "Moderate Buy" and a consensus target price of $106.50.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 630,518 shares in the company, valued at $62,421,282. This represents a 0.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $340,166,630.71. The trade was a 0.73% decrease in their position. 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 in the last three months. 45.58% of the stock is currently owned by company insiders.

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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