Walmart Inc. (NYSE:WMT) Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA reduced its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 31.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 139,906 shares of the retailer's stock after selling 65,023 shares during the period. Compagnie Lombard Odier SCmA's holdings in Walmart were worth $12,282,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the 4th quarter valued at about $25,000. Horizon Financial Services LLC grew its holdings in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after purchasing an additional 262 shares during the period. Noble Wealth Management PBC purchased a new stake in shares of Walmart in the fourth quarter valued at approximately $37,000. Mizuho Bank Ltd. purchased a new stake in shares of Walmart in the fourth quarter valued at approximately $41,000. Finally, Nexus Investment Management ULC purchased a new position in shares of Walmart during the 1st quarter valued at approximately $49,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Trading Down 1.0%

Walmart stock traded down $1.00 during midday trading on Thursday, reaching $94.80. 17,813,539 shares of the stock traded hands, compared to its average volume of 17,893,103. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The firm has a market cap of $758.48 billion, a PE ratio of 39.34, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a 50-day simple moving average of $95.31 and a two-hundred day simple moving average of $94.01. Walmart Inc. has a 12-month low of $65.95 and a 12-month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results 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. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Walmart's revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. Research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were paid 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 payout ratio is currently 40.17%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays reaffirmed an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Royal Bank of Canada restated an "outperform" rating and issued a $103.00 price objective (up previously from $102.00) on shares of Walmart in a report on Monday. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Guggenheim restated a "buy" rating and set a $100.00 price target on shares of Walmart in a research report on Monday, February 24th. Finally, Citigroup reaffirmed a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Walmart presently has a consensus rating of "Moderate Buy" and an average price target of $106.50.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction of $217,800.00. Following the sale, the executive vice president now owns 630,518 shares in the company, valued at approximately $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at approximately $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 137,534 shares of company stock valued at $12,833,664 over the last quarter. 45.58% of the stock is owned by insiders.

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.