Bellecapital International Ltd. reduced its stake in Walmart Inc. (NYSE:WMT - Free Report) by 15.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 242,338 shares of the retailer's stock after selling 44,927 shares during the quarter. Walmart comprises 4.2% of Bellecapital International Ltd.'s holdings, making the stock its 5th largest position. Bellecapital International Ltd.'s holdings in Walmart were worth $21,275,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the business. Whelan Financial increased its holdings in shares of Walmart by 2.3% during the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock worth $392,000 after purchasing an additional 97 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Walmart by 1.7% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock worth $538,000 after purchasing an additional 98 shares during the period. Coyle Financial Counsel LLC increased its holdings in shares of Walmart by 3.1% during the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock worth $310,000 after purchasing an additional 102 shares during the period. Blackston Financial Advisory Group LLC increased its holdings in shares of Walmart by 0.7% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock worth $1,417,000 after purchasing an additional 106 shares during the period. Finally, Van Strum & Towne Inc. increased its holdings in shares of Walmart by 1.6% during the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock worth $619,000 after purchasing an additional 108 shares during the period. 26.76% of the stock is owned by institutional investors.
Insider Transactions at Walmart
In related news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. This represents a 0.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total transaction of $195,052.00. Following the completion of the sale, the executive vice president now owns 398,024 shares in the company, valued at $35,288,807.84. This represents a 0.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,534 shares of company stock valued at $12,833,664 in the last 90 days. 45.58% of the stock is currently owned by corporate insiders.
Walmart Trading Down 1.0%
WMT stock traded down $1.00 during midday trading on Thursday, hitting $94.80. The stock had a trading volume of 17,813,539 shares, compared to its average volume of 17,893,103. The firm has a market cap of $758.48 billion, a P/E ratio of 39.34, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 1-year low of $65.95 and a 1-year high of $105.30. The business has a fifty day moving average price of $95.31 and a two-hundred day moving average price of $94.01.
Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion for 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%. Walmart's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. On average, sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.
Walmart Dividend Announcement
The business 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 was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio (DPR) is presently 40.17%.
Analyst Ratings Changes
A number of research analysts recently issued reports on WMT shares. Roth Mkm reissued a "buy" rating and issued a $108.00 price objective (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Piper Sandler lifted their price objective on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. DA Davidson reissued a "buy" rating and issued a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. Evercore ISI lifted their price objective on shares of Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $115.00 price objective (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Walmart currently has an average rating of "Moderate Buy" and an average target price of $106.50.
Check Out Our Latest Research Report on Walmart
Walmart Company Profile
(
Free Report)
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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