Walmart Inc. (NYSE:WMT) Shares Sold by Clearview Wealth Advisors LLC

Clearview Wealth Advisors LLC lowered its stake in Walmart Inc. (NYSE:WMT - Free Report) by 34.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 6,352 shares of the retailer's stock after selling 3,371 shares during the quarter. Clearview Wealth Advisors LLC's holdings in Walmart were worth $558,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in WMT. LaFleur & Godfrey LLC grew its stake in Walmart by 1.4% in the 4th quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer's stock valued at $6,283,000 after acquiring an additional 992 shares during the period. Eagle Capital Management LLC grew 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 valued at $349,000 after acquiring an additional 321 shares during the period. Brighton Jones LLC boosted its stake in Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after purchasing an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Walmart by 5.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after purchasing an additional 485 shares during the last quarter. Finally, SOA Wealth Advisors LLC. boosted its stake in Walmart by 1.6% during the 4th quarter. SOA Wealth Advisors LLC. now owns 9,194 shares of the retailer's stock worth $831,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Up 1.8%

Shares of WMT opened at $97.88 on Tuesday. The firm has a market cap of $781.12 billion, a P/E ratio of 41.83, a price-to-earnings-growth ratio of 4.69 and a beta of 0.69. Walmart Inc. has a 12-month low of $66.55 and a 12-month high of $105.30. The company's 50-day moving average price is $96.45 and its 200 day moving average price is $94.15. 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 (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. Walmart's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. On average, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders 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 yield of 0.95%. Walmart's dividend payout ratio (DPR) is presently 40.17%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WMT. Erste Group Bank cut shares of Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Robert W. Baird lifted their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Raymond James Financial lowered their target price on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 target price on shares of Walmart in a research note on Monday, June 9th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.50.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. This represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.24, for a total transaction of $380,960.00. Following the sale, the executive vice president now owns 1,060,455 shares in the company, valued at $100,997,734.20. This trade represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 152,419 shares of company stock worth $14,295,650 over the last three months. Company insiders own 45.58% of the company's stock.

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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