Walmart Inc. (NYSE:WMT) Position Decreased by Cullinan Associates Inc.

Cullinan Associates Inc. lowered its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 27.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 578,143 shares of the retailer's stock after selling 218,257 shares during the period. Walmart makes up 3.6% of Cullinan Associates Inc.'s investment portfolio, making the stock its 6th largest position. Cullinan Associates Inc.'s holdings in Walmart were worth $50,755,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Intact Investment Management Inc. raised its holdings in shares of Walmart by 20.3% in the 1st quarter. Intact Investment Management Inc. now owns 21,300 shares of the retailer's stock valued at $1,870,000 after acquiring an additional 3,600 shares in the last quarter. First American Bank raised its holdings in shares of Walmart by 0.9% in the 1st quarter. First American Bank now owns 180,148 shares of the retailer's stock valued at $15,815,000 after acquiring an additional 1,549 shares in the last quarter. Nilsine Partners LLC raised its holdings in shares of Walmart by 11.7% in the 1st quarter. Nilsine Partners LLC now owns 42,274 shares of the retailer's stock valued at $3,711,000 after acquiring an additional 4,424 shares in the last quarter. Suncoast Equity Management raised its holdings in shares of Walmart by 42.8% in the 1st quarter. Suncoast Equity Management now owns 4,611 shares of the retailer's stock valued at $405,000 after acquiring an additional 1,382 shares in the last quarter. Finally, Weaver Capital Management LLC raised its holdings in shares of Walmart by 7.7% in the 1st quarter. Weaver Capital Management LLC now owns 50,363 shares of the retailer's stock valued at $4,421,000 after acquiring an additional 3,588 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Price Performance

Shares of WMT stock opened at $96.16 on Friday. The firm has a market cap of $767.41 billion, a P/E ratio of 41.10, a P/E/G ratio of 4.69 and a beta of 0.69. Walmart Inc. has a fifty-two week low of $66.55 and a fifty-two week high of $105.30. The business's 50 day moving average price is $96.39 and its 200-day moving average price is $94.15. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The firm 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 business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS. On average, equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, May 27th. Investors 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 is presently 40.17%.

Insider Activity at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $93.50, for a total transaction of $374,000.00. Following the sale, the executive vice president now directly 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 SEC, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the sale, the executive vice president now owns 520,275 shares in the company, valued at $49,332,475.50. This represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,294 shares of company stock worth $12,656,659 over the last ninety days. 45.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WMT has been the topic of several recent analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Stifel Nicolaus decreased their price objective on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Robert W. Baird raised their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Citigroup reissued a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $106.50.

Walmart Profile

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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