Columbus Macro LLC Cuts Holdings in Walmart Inc. (NYSE:WMT)

Columbus Macro LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 16.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,330 shares of the retailer's stock after selling 13,677 shares during the period. Columbus Macro LLC's holdings in Walmart were worth $5,999,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Brown Miller Wealth Management LLC boosted its stake in shares of Walmart by 13.1% in the 1st quarter. Brown Miller Wealth Management LLC now owns 7,143 shares of the retailer's stock valued at $627,000 after purchasing an additional 826 shares in the last quarter. Cyndeo Wealth Partners LLC increased its position in Walmart by 139.8% during the 1st quarter. Cyndeo Wealth Partners LLC now owns 59,538 shares of the retailer's stock worth $5,227,000 after purchasing an additional 34,711 shares in the last quarter. Hanson & Doremus Investment Management lifted its stake in Walmart by 81.6% in the 1st quarter. Hanson & Doremus Investment Management now owns 22,902 shares of the retailer's stock valued at $2,011,000 after purchasing an additional 10,293 shares during the last quarter. Crane Advisory LLC acquired a new stake in Walmart in the first quarter valued at approximately $308,000. Finally, Keystone Wealth Services LLC grew its stake in shares of Walmart by 2.1% during the first quarter. Keystone Wealth Services LLC now owns 6,103 shares of the retailer's stock worth $536,000 after buying an additional 128 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Down 0.2%

WMT stock traded down $0.16 during trading on Monday, reaching $94.28. 14,854,729 shares of the stock were exchanged, compared to its average volume of 17,932,198. The firm's 50 day moving average is $95.79 and its 200 day moving average is $94.09. The firm has a market cap of $752.39 billion, a P/E ratio of 39.12, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a twelve month low of $66.41 and a twelve month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Walmart's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. As a group, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were issued 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 is currently 40.17%.

Insider Transactions at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. This trade represents a 0.45% decrease in their ownership of the stock. The transaction 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 company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the sale, the executive vice president now owns 630,518 shares of the company's stock, valued at $62,421,282. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,534 shares of company stock valued at $12,833,664 over the last three months. Corporate insiders own 45.58% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on WMT shares. Citigroup reiterated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Barclays reaffirmed an "overweight" rating on shares of Walmart in a report on Friday, February 28th. Raymond James cut their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada restated an "outperform" rating and set a $103.00 price target (up from $102.00) on shares of Walmart in a report on Monday, June 9th. Finally, Mizuho raised their price objective on shares of Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, June 9th. 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $106.50.

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.