Capital Asset Advisory Services LLC Sells 10,996 Shares of Walmart Inc. (NYSE:WMT)

Capital Asset Advisory Services LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 13.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,138 shares of the retailer's stock after selling 10,996 shares during the period. Capital Asset Advisory Services LLC's holdings in Walmart were worth $6,116,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Merit Financial Group LLC boosted its holdings in shares of Walmart by 9.6% in the first quarter. Merit Financial Group LLC now owns 159,330 shares of the retailer's stock worth $13,988,000 after acquiring an additional 13,895 shares during the period. Paladin Wealth LLC raised its position in shares of Walmart by 8.0% in the first quarter. Paladin Wealth LLC now owns 13,196 shares of the retailer's stock worth $1,158,000 after buying an additional 973 shares in the last quarter. Harbor Investment Advisory LLC raised its position in shares of Walmart by 0.3% in the first quarter. Harbor Investment Advisory LLC now owns 51,990 shares of the retailer's stock worth $4,564,000 after buying an additional 144 shares in the last quarter. Milestone Asset Management LLC raised its position in shares of Walmart by 156.7% in the first quarter. Milestone Asset Management LLC now owns 54,659 shares of the retailer's stock worth $4,799,000 after buying an additional 33,370 shares in the last quarter. Finally, Hummer Financial Advisory Services Inc raised its position in shares of Walmart by 5.2% in the first quarter. Hummer Financial Advisory Services Inc now owns 6,065 shares of the retailer's stock worth $534,000 after buying an additional 300 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WMT. DZ Bank upgraded Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a research report on Tuesday, February 25th. KeyCorp increased their price objective on Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $102.00 price target on shares of Walmart in a research note on Friday, May 16th. Finally, Evercore ISI lifted their price target on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $105.16.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the sale, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at approximately $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares of the company's stock, valued at $76,350,158.55. This represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,334 shares of company stock valued at $12,615,864. 45.58% of the stock is currently owned by insiders.

Walmart Stock Down 0.6%

Shares of Walmart stock traded down $0.59 during midday trading on Wednesday, hitting $99.39. The company had a trading volume of 11,106,554 shares, compared to its average volume of 17,875,561. Walmart Inc. has a 52-week low of $65.64 and a 52-week high of $105.30. The company has a 50 day moving average of $94.05 and a 200 day moving average of $93.63. The stock has a market capitalization of $795.21 billion, a P/E ratio of 41.24, a P/E/G ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

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, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same period last year, the firm earned $0.60 earnings per share. The business's quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts predict 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. Stockholders of record on Monday, May 12th were issued a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio (DPR) 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.