Tyche Wealth Partners LLC Sells 8,250 Shares of Walmart Inc. (NYSE:WMT)

Tyche Wealth Partners LLC trimmed its position in Walmart Inc. (NYSE:WMT - Free Report) by 8.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 86,209 shares of the retailer's stock after selling 8,250 shares during the period. Walmart accounts for approximately 1.6% of Tyche Wealth Partners LLC's investment portfolio, making the stock its 13th biggest position. Tyche Wealth Partners LLC's holdings in Walmart were worth $7,568,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in shares of Walmart during the fourth quarter valued at $5,737,355,000. Raymond James Financial Inc. acquired a new stake in Walmart in the fourth quarter valued at $2,306,627,000. GAMMA Investing LLC raised its position in Walmart by 9,896.9% during the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock worth $697,029,000 after purchasing an additional 7,860,306 shares during the last quarter. Northern Trust Corp lifted its holdings in Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after buying an additional 3,550,037 shares during the period. Finally, APG Asset Management N.V. lifted its holdings in Walmart by 1,707.6% during the 4th quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock worth $324,410,000 after buying an additional 3,512,368 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Down 1.1%

WMT stock traded down $1.04 during midday trading on Thursday, reaching $96.22. 19,330,541 shares of the company's stock traded hands, compared to its average volume of 17,951,949. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The firm's fifty day moving average price is $96.65 and its 200-day moving average price is $94.20. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30. The company has a market cap of $767.85 billion, a price-to-earnings ratio of 41.12, a P/E/G ratio of 4.78 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $164.53 billion. During the same period last year, the company earned $0.60 earnings per share. The business's revenue 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 fiscal year.

Walmart Announces Dividend

The business also recently disclosed 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. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio is currently 40.17%.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction 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. This trade represents a 0.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total transaction of $166,883.20. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 123,295 shares of company stock valued at $11,801,762. Corporate insiders own 45.58% of the company's stock.

Analyst Ratings Changes

WMT has been the subject of several recent research reports. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. UBS Group decreased their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Barclays restated an "overweight" rating on shares of Walmart in a report on Friday, February 28th. Raymond James Financial decreased their price objective on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Finally, Truist Financial boosted their target price on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus 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.