Uniting Wealth Partners LLC Trims Stock Position in Walmart Inc. (NYSE:WMT)

Uniting Wealth Partners LLC reduced its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,003,471 shares of the retailer's stock after selling 14,280 shares during the quarter. Walmart comprises approximately 44.1% of Uniting Wealth Partners LLC's holdings, making the stock its largest holding. Uniting Wealth Partners LLC's holdings in Walmart were worth $88,095,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $93.50, for a total transaction of $374,000.00. Following the transaction, the executive vice president now directly owns 1,096,455 shares of the company's stock, valued at approximately $102,518,542.50. This represents a 0.36% 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 firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the completion of the sale, the executive vice president now directly owns 398,024 shares of the company's stock, valued at $35,288,807.84. The trade was a 0.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,711 shares of company stock valued at $13,688,803. 45.58% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Oppenheimer boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Truist Financial upped their price target on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Stifel Nicolaus decreased their price objective on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Citigroup reaffirmed a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Finally, Mizuho raised their price target on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Walmart has a consensus rating of "Moderate Buy" and an average price target of $106.50.

Walmart Stock Performance

Shares of WMT stock opened at $97.41 on Friday. The firm has a market cap of $777.37 billion, a price-to-earnings ratio of 41.63, a PEG ratio of 4.75 and a beta of 0.69. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30. 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 company's 50 day moving average is $96.80 and its 200 day moving average is $94.23.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business's revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.60 EPS. On average, sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced 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 presently 40.17%.

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.

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