Walmart Inc. (NYSE:WMT) Holdings Decreased by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 8.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,146 shares of the retailer's stock after selling 2,816 shares during the quarter. JFS Wealth Advisors LLC's holdings in Walmart were worth $2,822,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tallon Kerry Patrick acquired a new stake in Walmart during the 4th quarter worth about $252,000. LaFleur & Godfrey LLC raised its holdings in Walmart by 1.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer's stock worth $6,283,000 after buying an additional 992 shares during the period. Eagle Capital Management LLC raised its holdings in Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after buying an additional 321 shares during the period. Brighton Jones LLC raised its holdings in Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after buying an additional 21,939 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in Walmart during the 4th quarter worth about $10,645,000. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the sale, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. This represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $94.77, for a total value of $166,795.20. Following the sale, the executive vice president now directly owns 650,977 shares of the company's stock, valued at $61,693,090.29. The trade was a 0.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,294 shares of company stock valued at $12,656,659 over the last 90 days. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Up 1.1%

Shares of NYSE WMT opened at $96.16 on Monday. The stock has a market cap of $767.41 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 4.69 and a beta of 0.69. The business has a 50 day simple moving average of $96.39 and a 200 day simple moving average of $94.14. Walmart Inc. has a 52 week low of $66.55 and a 52 week high of $105.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78.

Walmart (NYSE:WMT - Get Free Report) last announced 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 business had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. On average, research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders 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 yield of 0.95%. Walmart's payout ratio is currently 40.17%.

Analyst Upgrades and Downgrades

WMT has been the topic of several recent analyst reports. Oppenheimer boosted their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Guggenheim restated a "buy" rating and set a $100.00 price objective on shares of Walmart in a report on Monday, February 24th. Raymond James Financial cut their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Evercore ISI boosted their price objective on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Two investment 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $106.50.

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.

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