Bradley & Co. Private Wealth Management LLC Has $9.26 Million Stock Position in Walmart Inc. (NYSE:WMT)

Bradley & Co. Private Wealth Management LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 5.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,460 shares of the retailer's stock after selling 6,064 shares during the period. Walmart makes up about 6.3% of Bradley & Co. Private Wealth Management LLC's holdings, making the stock its 7th biggest position. Bradley & Co. Private Wealth Management LLC's holdings in Walmart were worth $9,258,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in WMT. Stephens Inc. AR boosted its holdings in Walmart by 0.9% in the first quarter. Stephens Inc. AR now owns 1,354,406 shares of the retailer's stock worth $118,903,000 after acquiring an additional 11,649 shares in the last quarter. Platform Technology Partners boosted its holdings in Walmart by 3.1% in the first quarter. Platform Technology Partners now owns 25,036 shares of the retailer's stock worth $2,198,000 after acquiring an additional 751 shares in the last quarter. Arizona State Retirement System boosted its holdings in Walmart by 0.9% in the first quarter. Arizona State Retirement System now owns 1,296,669 shares of the retailer's stock worth $113,835,000 after acquiring an additional 11,881 shares in the last quarter. Realta Investment Advisors boosted its holdings in Walmart by 7.0% in the first quarter. Realta Investment Advisors now owns 3,606 shares of the retailer's stock worth $317,000 after acquiring an additional 235 shares in the last quarter. Finally, Ballentine Partners LLC boosted its holdings in Walmart by 8.4% in the first quarter. Ballentine Partners LLC now owns 87,586 shares of the retailer's stock worth $7,689,000 after acquiring an additional 6,824 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Evercore ISI increased their price target on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. KeyCorp increased their price target on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Citigroup restated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Finally, Truist Financial raised their target price on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $106.67.

Insider Buying and Selling

In other news, EVP Kathryn J. Mclay sold 28,000 shares of Walmart stock in a transaction 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 completion of the transaction, the executive vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the transaction, the chief executive officer owned 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. This trade represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 142,711 shares of company stock valued at $13,710,319 in the last ninety days. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

NYSE:WMT traded down $0.50 during trading hours on Friday, reaching $94.36. The stock had a trading volume of 14,577,628 shares, compared to its average volume of 18,135,436. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock has a 50 day simple moving average of $97.10 and a 200 day simple moving average of $94.51. Walmart Inc. has a 12-month low of $66.67 and a 12-month high of $105.30. The stock has a market cap of $753.03 billion, a P/E ratio of 40.32, a price-to-earnings-growth ratio of 4.54 and a beta of 0.68.

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, topping analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.60 earnings per share. On average, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business 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. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio (DPR) is presently 40.17%.

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.