Walmart Inc. (NYSE:WMT) Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE reduced its stock position in Walmart Inc. by 3.0% in Q1, holding approximately 6.05 million shares valued at $531 million.
• Multiple large investors have increased their stakes in Walmart, including Bear Mountain Capital, which boosted its stake by 98.2%.
• Walmart reported a quarterly EPS of $0.61, exceeding expectations, and had a revenue of $165.61 billion during the same period, showing a 2.5% increase year-over-year.

US Bancorp DE lowered its position in Walmart Inc. (NYSE:WMT - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,050,442 shares of the retailer's stock after selling 185,015 shares during the period. US Bancorp DE owned 0.08% of Walmart worth $531,169,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bear Mountain Capital Inc. grew its position in shares of Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after purchasing an additional 167 shares in the last quarter. EQ Wealth Advisors LLC purchased a new position in shares of Walmart in the first quarter valued at $35,000. Lipe & Dalton grew its position in shares of Walmart by 95.2% in the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after purchasing an additional 200 shares in the last quarter. Mizuho Bank Ltd. purchased a new position in shares of Walmart in the fourth quarter valued at $41,000. Finally, Nexus Investment Management ULC purchased a new position in shares of Walmart in the first quarter valued at $49,000. Institutional investors own 26.76% of the company's stock.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the transaction, the executive vice president owned 628,318 shares of the company's stock, valued at $61,851,623.92. This trade represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the transaction, the executive vice president directly owned 932,313 shares in the company, valued at approximately $88,700,258.82. This represents a 1.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,912 shares of company stock valued at $13,863,813. Corporate insiders own 45.58% of the company's stock.

Analysts Set New Price Targets

WMT has been the subject of several research analyst reports. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Robert W. Baird lifted their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Telsey Advisory Group reissued an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research note on Monday, June 9th. Oppenheimer lifted their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, KeyCorp lifted their price target on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Walmart currently has a consensus rating of "Moderate Buy" and an average price target of $106.67.

Walmart Stock Performance

NYSE WMT traded up $0.42 during trading hours on Friday, hitting $98.40. 16,740,547 shares of the stock were exchanged, compared to its average volume of 12,707,151. The company has a market cap of $785.27 billion, a price-to-earnings ratio of 42.05, a price-to-earnings-growth ratio of 4.72 and a beta of 0.66. Walmart Inc. has a 12-month low of $66.67 and a 12-month high of $105.30. The stock has a 50-day moving average of $96.86 and a 200 day moving average of $95.03. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping 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 company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 95.0%. Walmart's dividend payout ratio is currently 40.17%.

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.