B & T Capital Management DBA Alpha Capital Management Sells 3,669 Shares of Walmart Inc. (NYSE:WMT)

B & T Capital Management DBA Alpha Capital Management reduced its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 5.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 61,224 shares of the retailer's stock after selling 3,669 shares during the quarter. B & T Capital Management DBA Alpha Capital Management's holdings in Walmart were worth $5,375,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Eagle Capital Management LLC increased its stake in Walmart by 9.1% in the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after buying an additional 321 shares during the period. Brighton Jones LLC boosted its holdings in shares of Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after buying an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after buying an additional 485 shares in the last quarter. Highview Capital Management LLC DE boosted its stake in Walmart by 4.9% in the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock worth $3,338,000 after purchasing an additional 1,720 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in Walmart by 6.8% in the 4th quarter. Proficio Capital Partners LLC now owns 90,423 shares of the retailer's stock worth $8,170,000 after purchasing an additional 5,765 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on WMT shares. Oppenheimer lifted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Evercore ISI lifted their target price 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. DA Davidson reaffirmed a "buy" rating and set a $117.00 target price on shares of Walmart in a research note on Friday, May 16th. Raymond James Financial lowered their price target on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Tigress Financial boosted their price objective on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.67.

Walmart Trading Down 0.5%

Shares of WMT traded down $0.50 during trading hours on Friday, hitting $94.36. 14,577,628 shares of the stock traded hands, compared to its average volume of 18,111,476. 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 1-year low of $66.67 and a 1-year high of $105.30. The firm has a market capitalization of $753.03 billion, a PE ratio of 40.32, a price-to-earnings-growth ratio of 4.57 and a beta of 0.68. The business has a fifty day moving average of $97.10 and a 200-day moving average of $94.49.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share 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 for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The company's quarterly revenue was up 2.5% on a year-over-year basis. Analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently disclosed 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 of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's payout ratio is presently 40.17%.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 4,451,199 shares in the company, valued at approximately $429,896,799.42. The trade was 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 Walmart 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 transaction, the executive vice president owned 1,064,455 shares of the company's stock, valued at $103,252,135. This represents a 2.56% 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.

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.