Stack Financial Management Inc cut its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 0.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,073,682 shares of the retailer's stock after selling 10,078 shares during the period. Walmart accounts for about 7.9% of Stack Financial Management Inc's investment portfolio, making the stock its largest position. Stack Financial Management Inc's holdings in Walmart were worth $94,259,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whelan Financial grew its stake in shares of Walmart by 2.3% in the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock worth $392,000 after acquiring an additional 97 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Walmart by 1.7% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock worth $538,000 after acquiring an additional 98 shares during the last quarter. Scott & Selber Inc. lifted its position in Walmart by 3.7% in the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock worth $256,000 after purchasing an additional 105 shares during the period. Capital Advisors Wealth Management LLC lifted its position in Walmart by 1.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock worth $684,000 after purchasing an additional 105 shares during the period. Finally, Planning Center Inc. lifted its position in Walmart by 1.8% in the first quarter. Planning Center Inc. now owns 6,018 shares of the retailer's stock worth $528,000 after purchasing an additional 108 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.
Walmart Price Performance
Shares of NYSE:WMT opened at $95.83 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The stock's fifty day simple moving average is $97.03 and its two-hundred day simple moving average is $94.55. Walmart Inc. has a 1-year low of $66.67 and a 1-year high of $105.30. The stock has a market cap of $764.75 billion, a PE ratio of 40.95, a price-to-earnings-growth ratio of 4.54 and a beta of 0.68.
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 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 firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same period last year, the firm posted $0.60 EPS. The business's revenue was up 2.5% compared to the same quarter last year. As a group, analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.
Walmart Dividend Announcement
The business also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's payout ratio is presently 40.17%.
Insider Buying and Selling
In other news, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the sale, the chief executive officer owned 4,451,199 shares in the company, valued at approximately $429,896,799.42. This trade represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kathryn J. Mclay sold 28,000 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president owned 1,064,455 shares of the company's stock, valued at $103,252,135. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,951 shares of company stock worth $13,543,436 over the last quarter. 45.58% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several brokerages recently commented on WMT. UBS Group reduced their target price on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Robert W. Baird boosted 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. Stifel Nicolaus reduced their price objective on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $103.00 price target (up previously from $102.00) on shares of Walmart in a research note on Monday, June 9th. Finally, Oppenheimer boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Two research 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $106.67.
Check Out Our Latest Analysis on Walmart
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.
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