Walmart Inc. (NYSE:WMT) is Convergence Investment Partners LLC's 6th Largest Position

Convergence Investment Partners LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 22.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,908 shares of the retailer's stock after selling 21,899 shares during the quarter. Walmart comprises about 1.8% of Convergence Investment Partners LLC's investment portfolio, making the stock its 6th biggest position. Convergence Investment Partners LLC's holdings in Walmart were worth $6,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Eagle Capital Management LLC grew its stake in shares of Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock valued at $349,000 after buying an additional 321 shares during the last quarter. Brighton Jones LLC increased 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 purchasing an additional 21,939 shares during the period. Revolve Wealth Partners LLC increased its holdings in Walmart by 5.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after purchasing an additional 485 shares during the period. Highview Capital Management LLC DE increased its holdings in Walmart by 4.9% during the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock worth $3,338,000 after purchasing an additional 1,720 shares during the period. Finally, Congress Wealth Management LLC DE increased its holdings in Walmart by 2.9% during the 4th quarter. Congress Wealth Management LLC DE now owns 47,038 shares of the retailer's stock worth $4,250,000 after purchasing an additional 1,309 shares during the period. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

WMT has been the topic of several research reports. Robert W. Baird raised their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Tigress Financial raised their price objective on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. UBS Group dropped their target price on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. KeyCorp increased their target price on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Finally, Mizuho increased their target price on Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, June 9th. Two equities research 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 company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $106.67.

Walmart Trading Up 0.9%

WMT traded up $0.85 during trading hours on Friday, reaching $97.45. The company's stock had a trading volume of 12,845,633 shares, compared to its average volume of 13,524,539. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The stock has a market cap of $777.72 billion, a PE ratio of 41.65, a P/E/G ratio of 4.65 and a beta of 0.68. The business's 50-day moving average is $96.76 and its 200-day moving average is $94.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The company 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 firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 earnings per share. As a group, equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were issued a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio (DPR) is presently 40.17%.

Insider Buying and Selling

In related news, EVP Kathryn J. Mclay sold 28,000 shares of Walmart stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total transaction 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 $103,252,135. The trade was a 2.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the transaction, the executive vice president owned 628,318 shares of the company's stock, valued at $61,851,623.92. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 126,696 shares of company stock worth $12,222,245. Corporate insiders own 45.58% of the company's stock.

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.