Strategic Blueprint LLC Trims Position in Walmart Inc. (NYSE:WMT)

Strategic Blueprint LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,835 shares of the retailer's stock after selling 3,332 shares during the quarter. Strategic Blueprint LLC's holdings in Walmart were worth $8,501,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors boosted its stake in Walmart by 7.6% in the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock valued at $24,532,000 after purchasing an additional 19,233 shares during the period. Candriam S.C.A. lifted its holdings in shares of Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after buying an additional 599,257 shares in the last quarter. Cushing Capital Partners LLC bought a new stake in shares of Walmart in the fourth quarter valued at about $1,124,000. GWN Securities Inc. acquired a new position in shares of Walmart in the fourth quarter valued at about $4,658,000. Finally, Full Sail Capital LLC increased its position in Walmart by 6.6% during the fourth quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock worth $786,000 after acquiring an additional 541 shares during the period. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 0.7%

Shares of Walmart stock traded up $0.68 on Friday, hitting $98.29. The company had a trading volume of 7,686,204 shares, compared to its average volume of 18,082,978. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock has a 50 day moving average of $97.07 and a 200-day moving average of $94.33. The stock has a market capitalization of $784.40 billion, a price-to-earnings ratio of 42.00, a P/E/G ratio of 4.73 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same quarter last year, the business posted $0.60 EPS. The company's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction dated 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 sale, the executive vice president owned 630,518 shares in the company, valued at approximately $62,421,282. This trade represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the sale, the executive vice president owned 945,434 shares in the company, valued at $90,619,848.90. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 142,711 shares of company stock valued at $13,710,319 over the last quarter. Corporate insiders own 45.58% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a report on Monday, June 9th. Evercore ISI increased their price target on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. KeyCorp lifted their price objective on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, June 9th. Robert W. Baird increased their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, Oppenheimer boosted their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $106.67.

Walmart Company 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.