Bridges Investment Management Inc. Sells 5,321 Shares of Walmart Inc. (NYSE:WMT)

Bridges Investment Management Inc. decreased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,068 shares of the retailer's stock after selling 5,321 shares during the quarter. Bridges Investment Management Inc.'s holdings in Walmart were worth $7,644,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WMT. Horizon Financial Services LLC lifted its holdings in 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 purchasing an additional 262 shares during the last quarter. EQ Wealth Advisors LLC acquired a new stake in shares of Walmart in the first quarter worth $35,000. Mizuho Bank Ltd. bought a new stake in shares of Walmart during the 4th quarter worth $41,000. Nexus Investment Management ULC bought a new stake in shares of Walmart during the 1st quarter worth $49,000. Finally, WealthTrak Capital Management LLC acquired a new position in Walmart in the 4th quarter valued at $53,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Price Performance

NYSE:WMT traded down $1.65 during mid-day trading on Thursday, reaching $95.16. 11,333,346 shares of the company were exchanged, compared to its average volume of 18,058,426. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The stock has a market cap of $759.40 billion, a PE ratio of 40.66, a PEG ratio of 4.67 and a beta of 0.68. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average of $97.24 and a 200 day moving average of $94.45.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. Walmart's revenue was up 2.5% compared to the same quarter last year. On average, research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the transaction, the executive vice president owned 945,434 shares of the company's stock, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total transaction of $217,800.00. Following the completion of the transaction, the executive vice president owned 630,518 shares in the company, valued at $62,421,282. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 142,711 shares of company stock worth $13,710,319 in the last ninety days. 45.58% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on WMT shares. Truist Financial boosted their target price on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Robert W. Baird raised their target price on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Mizuho lifted their price target on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Finally, Stifel Nicolaus reduced their price objective on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Two 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 stock. Based on data from MarketBeat, Walmart has a consensus rating of "Moderate Buy" and an average target price of $106.67.

Walmart Company 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.