Walmart Inc. (NYSE:WMT) Shares Sold by Heck Capital Advisors LLC

Key Points

• Heck Capital Advisors LLC reduced its stake in Walmart by 42.2%, selling 6,569 shares, and now holds 8,982 shares valued at approximately $789,000.
• Several hedge funds adjusted their holdings, with William B. Walkup & Associates Inc. increasing its stake by 4.2% and other funds like Tokio Marine Asset Management boosting theirs by up to 6.4%.
• Analysts recently raised Walmart's price targets, with Mizuho adjusting their target from $105 to $115, while the stock currently holds a consensus rating of "Buy".

Heck Capital Advisors LLC cut its position in Walmart Inc. (NYSE:WMT - Free Report) by 42.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,982 shares of the retailer's stock after selling 6,569 shares during the period. Heck Capital Advisors LLC's holdings in Walmart were worth $789,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. William B. Walkup & Associates Inc. increased its holdings in shares of Walmart by 4.2% in the first quarter. William B. Walkup & Associates Inc. now owns 73,839 shares of the retailer's stock valued at $6,482,000 after purchasing an additional 2,947 shares during the period. Financial Network Wealth Advisors LLC increased its holdings in shares of Walmart by 12.1% in the first quarter. Financial Network Wealth Advisors LLC now owns 3,645 shares of the retailer's stock valued at $320,000 after purchasing an additional 393 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Walmart by 5.3% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 135,861 shares of the retailer's stock worth $11,927,000 after buying an additional 6,841 shares during the last quarter. Triglav Skladi D.O.O. boosted its stake in shares of Walmart by 6.4% in the first quarter. Triglav Skladi D.O.O. now owns 309,942 shares of the retailer's stock worth $27,211,000 after buying an additional 18,536 shares during the last quarter. Finally, National Pension Service boosted its stake in shares of Walmart by 4.8% in the first quarter. National Pension Service now owns 9,313,331 shares of the retailer's stock worth $817,617,000 after buying an additional 430,297 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent analyst reports. Mizuho increased 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. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. KeyCorp raised their target price on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Finally, Oppenheimer raised their target price on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $106.70.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the transaction, the executive vice president owned 628,318 shares in the company, valued at $61,851,623.92. The trade was a 0.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the transaction, the chief executive officer owned 4,451,199 shares in the company, valued at $429,896,799.42. This trade represents a 0.65% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 146,112 shares of company stock worth $14,080,073. Insiders own 0.10% of the company's stock.

Walmart Stock Down 0.2%

WMT opened at $103.68 on Wednesday. The business's 50-day simple moving average is $97.46 and its 200-day simple moving average is $95.51. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. Walmart Inc. has a one year low of $67.14 and a one year high of $105.30. The stock has a market capitalization of $827.41 billion, a P/E ratio of 44.31, a price-to-earnings-growth ratio of 5.00 and a beta of 0.66.

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

Walmart Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be given a $0.235 dividend. This represents a yield of 90.0%. The ex-dividend date is Friday, August 15th. Walmart's payout ratio is 40.17%.

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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