Vestor Capital LLC Sells 92,047 Shares of Walmart Inc. (NYSE:WMT)

Vestor Capital LLC decreased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 98.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,672 shares of the retailer's stock after selling 92,047 shares during the quarter. Vestor Capital LLC's holdings in Walmart were worth $147,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. World Investment Advisors boosted its position in shares of Walmart by 7.6% during the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock valued at $24,532,000 after buying an additional 19,233 shares during the last quarter. Full Sail Capital LLC boosted its position in shares of Walmart by 6.6% during the fourth quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock valued at $786,000 after buying an additional 541 shares during the last quarter. Leslie Global Wealth LLC boosted its position in Walmart by 22.0% in the fourth quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock worth $285,000 after purchasing an additional 568 shares during the last quarter. Scalar Gauge Management LLC boosted its position in Walmart by 76.9% in the fourth quarter. Scalar Gauge Management LLC now owns 69,000 shares of the retailer's stock worth $6,234,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Monument Capital Management boosted its position in Walmart by 94.2% in the first quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock worth $4,829,000 after purchasing an additional 26,685 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Price Performance

Shares of Walmart stock traded up $0.85 during trading on Friday, hitting $97.45. 12,845,633 shares of the stock traded hands, compared to its average volume of 13,524,539. 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 stock has a market cap of $777.72 billion, a price-to-earnings ratio of 41.65, a PEG ratio of 4.65 and a beta of 0.68. The firm's fifty day moving average is $96.76 and its 200-day moving average is $94.81. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced 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. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 EPS. Research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total transaction of $216,568.00. Following the transaction, the executive vice president directly owned 628,318 shares in the company, valued at $61,851,623.92. This trade represents a 0.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 28,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total value of $2,716,000.00. Following the transaction, the executive vice president owned 1,064,455 shares in the company, valued at approximately $103,252,135. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 126,696 shares of company stock valued at $12,222,245 over the last 90 days. Company insiders own 45.58% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Robert W. Baird boosted their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Oppenheimer boosted their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Royal Bank Of Canada reissued an "outperform" rating and issued a $103.00 price objective (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. Truist Financial boosted their price objective on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Citigroup reaffirmed a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Two 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.com, Walmart has a consensus rating of "Moderate Buy" and an average target price of $106.67.

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.