Covea Finance decreased its position in Walmart Inc. (NYSE:WMT - Free Report) by 8.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 662,090 shares of the retailer's stock after selling 59,170 shares during the period. Walmart makes up approximately 2.6% of Covea Finance's holdings, making the stock its 8th biggest position. Covea Finance's holdings in Walmart were worth $58,125,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Carr Financial Group Corp raised its position in Walmart by 10.2% in the 1st quarter. Carr Financial Group Corp now owns 12,118 shares of the retailer's stock worth $1,064,000 after buying an additional 1,122 shares during the last quarter. Private Wealth Partners LLC increased its position in shares of Walmart by 0.7% during the 1st quarter. Private Wealth Partners LLC now owns 18,827 shares of the retailer's stock valued at $1,653,000 after purchasing an additional 135 shares during the last quarter. Advisor Resource Council bought a new position in shares of Walmart during the 1st quarter valued at approximately $2,802,000. Segment Wealth Management LLC grew its stake in shares of Walmart by 0.4% during the 1st quarter. Segment Wealth Management LLC now owns 259,332 shares of the retailer's stock valued at $22,767,000 after acquiring an additional 1,107 shares during the period. Finally, L.M. Kohn & Company grew its stake in shares of Walmart by 9.0% during the 1st quarter. L.M. Kohn & Company now owns 30,626 shares of the retailer's stock valued at $2,689,000 after acquiring an additional 2,523 shares during the period. Institutional investors own 26.76% of the company's stock.
Walmart Trading Up 1.1%
Shares of NYSE:WMT opened at $96.16 on Friday. Walmart Inc. has a 52-week low of $66.55 and a 52-week high of $105.30. The stock has a market cap of $767.41 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 4.64 and a beta of 0.69. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $96.39 and a 200-day moving average price of $94.15.
Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same period last year, the business earned $0.60 earnings per share. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts predict that Walmart Inc. will post 2.55 EPS for the current year.
Walmart Announces Dividend
The company also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid 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 is presently 40.17%.
Wall Street Analysts Forecast Growth
WMT has been the subject of several recent analyst reports. Erste Group Bank downgraded Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Royal Bank Of Canada restated an "outperform" rating and set a $103.00 price target (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. DZ Bank upgraded Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research note on Tuesday, February 25th. Mizuho increased their target price on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. Finally, Roth Mkm reissued a "buy" rating and set a $108.00 price target (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Two equities research 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. According to MarketBeat.com, Walmart presently has an average rating of "Moderate Buy" and an average target price of $106.50.
Get Our Latest Stock Report on WMT
Insider Transactions at Walmart
In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Monday, April 21st. The stock was sold at an average price of $93.50, for a total value of $374,000.00. Following the sale, the executive vice president now owns 1,096,455 shares in the company, valued at $102,518,542.50. The trade was a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the sale, the chief executive officer now owns 3,972,517 shares in the company, valued at $340,166,630.71. This represents a 0.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,294 shares of company stock valued at $12,656,659 over the last ninety days. Insiders own 45.58% of the company's stock.
About Walmart
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Walmart, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walmart wasn't on the list.
While Walmart currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
