Tradewinds LLC. Sells 2,936 Shares of Walmart Inc. (NYSE:WMT)

Tradewinds LLC. reduced its position in Walmart Inc. (NYSE:WMT - Free Report) by 2.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,822 shares of the retailer's stock after selling 2,936 shares during the period. Walmart makes up about 2.7% of Tradewinds LLC.'s investment portfolio, making the stock its 8th biggest position. Tradewinds LLC.'s holdings in Walmart were worth $9,466,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Whelan Financial lifted its stake in Walmart by 2.3% in the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after acquiring an additional 97 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Walmart by 1.7% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock valued at $538,000 after acquiring an additional 98 shares during the last quarter. Scott & Selber Inc. lifted its stake in Walmart by 3.7% in the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock valued at $256,000 after acquiring an additional 105 shares during the last quarter. Capital Advisors Wealth Management LLC lifted its stake in Walmart by 1.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock valued at $684,000 after acquiring an additional 105 shares during the last quarter. Finally, Van Strum & Towne Inc. lifted its stake in Walmart by 1.6% in the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock valued at $619,000 after acquiring an additional 108 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the transaction, the executive vice president directly owned 945,434 shares in the company, valued at approximately $90,619,848.90. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction on 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 transaction, the chief executive officer directly 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. Corporate insiders own 45.58% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on WMT shares. UBS Group reduced their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Evercore ISI boosted their price objective on shares of Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada restated an "outperform" rating and issued a $103.00 price objective (up from $102.00) on shares of Walmart in a research note on Monday, June 9th. Robert W. Baird boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, Wall Street Zen upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $106.67.

Walmart Stock Down 0.1%

Shares of NYSE WMT traded down $0.14 during midday trading on Wednesday, reaching $96.95. The company's stock had a trading volume of 13,584,488 shares, compared to its average volume of 19,925,889. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. 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 capitalization of $773.70 billion, a price-to-earnings ratio of 41.43, a PEG ratio of 4.78 and a beta of 0.68. The stock has a 50 day simple moving average of $97.24 and a 200-day simple moving average of $94.43.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data 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. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same period last year, the company earned $0.60 earnings per share. The firm's revenue was up 2.5% compared to the same quarter last year. Equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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

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.