Walmart Inc. (NYSE:WMT) Shares Sold by Spectrum Asset Management Inc. NB CA

Spectrum Asset Management Inc. NB CA lessened its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 12.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,475 shares of the retailer's stock after selling 7,216 shares during the period. Walmart makes up about 2.0% of Spectrum Asset Management Inc. NB CA's investment portfolio, making the stock its 17th largest holding. Spectrum Asset Management Inc. NB CA's holdings in Walmart were worth $4,531,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the fourth quarter valued at $25,000. Horizon Financial Services LLC boosted its stake 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 worth $26,000 after buying an additional 262 shares during the last quarter. Noble Wealth Management PBC purchased a new position in shares of Walmart in the 4th quarter worth $37,000. Mizuho Bank Ltd. purchased a new position in shares of Walmart in the 4th quarter worth $41,000. Finally, Nexus Investment Management ULC purchased a new position in shares of Walmart in the 1st quarter worth $49,000. Institutional investors own 26.76% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on WMT. Oppenheimer raised their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. DA Davidson restated a "buy" rating and issued a $117.00 price objective on shares of Walmart in a research report on Friday, May 16th. Roth Mkm restated a "buy" rating and issued a $108.00 price objective (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. Truist Financial boosted their price objective on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $103.00 price objective (up from $102.00) on shares of Walmart in a research report on Monday, June 9th. 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $106.50.

Walmart Trading Down 0.7%

Shares of NYSE WMT traded down $0.63 during trading hours on Friday, reaching $94.20. The stock had a trading volume of 18,672,575 shares, compared to its average volume of 17,944,516. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The firm has a market cap of $751.76 billion, a price-to-earnings ratio of 39.09, a P/E/G ratio of 4.42 and a beta of 0.69. The business's fifty day moving average price is $95.79 and its two-hundred day moving average price is $94.08. Walmart Inc. has a 52-week low of $66.41 and a 52-week 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 21.87% and a net margin of 2.85%. 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. Analysts expect that Walmart Inc. will post 2.55 EPS 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%.

Insiders Place Their Bets

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the company'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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the transaction, the executive vice president now directly owns 630,518 shares in the company, valued at approximately $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,534 shares of company stock worth $12,833,664 over the last 90 days. Company insiders own 45.58% of the company's stock.

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.