Walmart Inc. (NYSE:WMT) Position Lessened by Transce3nd LLC

Transce3nd LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 44.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,286 shares of the retailer's stock after selling 5,008 shares during the period. Transce3nd LLC's holdings in Walmart were worth $552,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WMT. Horizon Financial Services LLC raised its stake in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after buying an additional 262 shares in the last quarter. Bear Mountain Capital Inc. grew its holdings in shares of Walmart by 98.2% during the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after buying an additional 167 shares in the last quarter. EQ Wealth Advisors LLC purchased a new position in Walmart in the first quarter valued at about $35,000. Mizuho Bank Ltd. purchased a new position in Walmart in the fourth quarter valued at about $41,000. Finally, Nexus Investment Management ULC purchased a new position in Walmart in the first quarter valued at about $49,000. Institutional investors own 26.76% of the company's stock.

Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $95.24, for a total transaction of $380,960.00. Following the completion of the sale, the executive vice president owned 1,060,455 shares in the company, valued at $100,997,734.20. The trade was a 0.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,744 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $95.60, for a total value of $166,726.40. Following the sale, the executive vice president owned 649,233 shares of the company's stock, valued at approximately $62,066,674.80. This represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,695 shares of company stock valued at $13,710,162. Insiders own 45.58% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on WMT. Evercore ISI boosted their price target on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Mizuho raised their price target on Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, June 9th. The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $103.00 price objective (up from $102.00) on shares of Walmart in a research report on Monday, June 9th. Finally, Stifel Nicolaus reduced their price target on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Two investment 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.

Walmart Price Performance

NYSE:WMT opened at $95.12 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock's 50-day simple moving average is $96.85 and its 200 day simple moving average is $94.59. The company has a market cap of $759.08 billion, a P/E ratio of 40.65, a P/E/G ratio of 4.58 and a beta of 0.68. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter last year, the company posted $0.60 earnings per share. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared 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. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's payout ratio is currently 40.17%.

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.

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