Rowlandmiller & PARTNERS.ADV Has $16.60 Million Stake in Walmart Inc. (NYSE:WMT)

Rowlandmiller & PARTNERS.ADV lowered its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 189,030 shares of the retailer's stock after selling 2,623 shares during the quarter. Walmart makes up about 3.5% of Rowlandmiller & PARTNERS.ADV's investment portfolio, making the stock its 5th largest holding. Rowlandmiller & PARTNERS.ADV's holdings in Walmart were worth $16,595,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of WMT. Whelan Financial increased its position in Walmart by 2.3% during the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after purchasing an additional 97 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its stake in Walmart by 1.7% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock worth $538,000 after buying an additional 98 shares in the last quarter. Coyle Financial Counsel LLC lifted its holdings in Walmart by 3.1% in the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock worth $310,000 after buying an additional 102 shares during the period. Blackston Financial Advisory Group LLC lifted its holdings in Walmart by 0.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock worth $1,417,000 after buying an additional 106 shares during the period. Finally, Van Strum & Towne Inc. boosted its position in Walmart by 1.6% during the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock valued at $619,000 after acquiring an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

Shares of WMT traded down $1.31 during trading hours on Thursday, hitting $94.49. The stock had a trading volume of 9,720,397 shares, compared to its average volume of 20,357,949. The firm has a market capitalization of $756.00 billion, a PE ratio of 39.21, a PEG ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a 12 month low of $65.95 and a 12 month high of $105.30. The stock has a fifty day moving average price of $95.31 and a 200 day moving average price of $94.01.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 EPS. Analysts anticipate that Walmart Inc. will post 2.55 EPS 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 paid a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio is presently 40.17%.

Insider Activity

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the sale, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This represents a 0.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the sale, the executive vice president now owns 520,275 shares of the company's stock, valued at $49,332,475.50. This represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,534 shares of company stock valued at $12,833,664 in the last 90 days. Company insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WMT. Truist Financial increased their target price on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Citigroup reiterated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Morgan Stanley restated an "overweight" rating and set a $115.00 target price (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. DZ Bank raised shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research report on Tuesday, February 25th. Finally, Piper Sandler lifted their price target on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $106.50.

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.