Walmart Inc. (NYSE:WMT) Shares Sold by Demars Financial Group LLC

Demars Financial Group LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 2.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 308,161 shares of the retailer's stock after selling 8,986 shares during the period. Demars Financial Group LLC's holdings in Walmart were worth $27,053,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in Walmart during the 4th quarter worth $25,000. Horizon Financial Services LLC lifted its stake in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares in the last quarter. Noble Wealth Management PBC acquired a new position in shares of Walmart during the fourth quarter worth about $37,000. Mizuho Bank Ltd. purchased a new stake in shares of Walmart in the fourth quarter worth about $41,000. Finally, Nexus Investment Management ULC acquired a new stake in shares of Walmart in the first quarter valued at about $49,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Performance

Shares of WMT opened at $94.24 on Wednesday. The firm has a market capitalization of $752.04 billion, a PE ratio of 40.27, a P/E/G ratio of 4.60 and a beta of 0.69. 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 firm has a 50-day moving average price of $96.13 and a 200 day moving average price of $94.11. Walmart Inc. has a 52-week low of $66.55 and a 52-week high of $105.30.

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

Walmart Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Investors 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 is currently 40.17%.

Insider Buying and Selling

In other Walmart news, 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 transaction, the executive vice president now owns 630,518 shares of the company's stock, valued at approximately $62,421,282. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $94.77, for a total value of $166,795.20. Following the sale, the executive vice president now directly owns 650,977 shares of the company's stock, valued at approximately $61,693,090.29. This represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,294 shares of company stock valued at $12,656,659 over the last three months. Company insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WMT shares. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Royal Bank Of Canada reissued an "outperform" rating and set a $103.00 target price (up from $102.00) on shares of Walmart in a research report on Monday, June 9th. Truist Financial raised their price target on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Guggenheim reiterated a "buy" rating and issued a $100.00 price objective on shares of Walmart in a report on Monday, February 24th. Finally, Raymond James Financial dropped their target price on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently 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.

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