Walmart Inc. (NYSE:WMT) Shares Sold by Investment Advisory Services Inc. TX ADV

Investment Advisory Services Inc. TX ADV trimmed its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,208 shares of the retailer's stock after selling 3,262 shares during the period. Walmart accounts for approximately 3.2% of Investment Advisory Services Inc. TX ADV's holdings, making the stock its 8th largest holding. Investment Advisory Services Inc. TX ADV's holdings in Walmart were worth $8,885,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Whelan Financial increased its holdings in Walmart by 2.3% during the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after purchasing an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in Walmart by 1.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock valued at $538,000 after buying an additional 98 shares during the last quarter. Van Strum & Towne Inc. boosted its position in Walmart by 1.6% in the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock valued at $619,000 after buying an additional 108 shares during the last quarter. Planning Center Inc. boosted its position in Walmart by 1.8% in the 1st quarter. Planning Center Inc. now owns 6,018 shares of the retailer's stock valued at $528,000 after buying an additional 108 shares during the last quarter. Finally, Mainstream Capital Management LLC boosted its position in Walmart by 1.1% in the 4th quarter. Mainstream Capital Management LLC now owns 10,871 shares of the retailer's stock valued at $982,000 after buying an additional 113 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the completion of the transaction, the executive vice president now owns 945,434 shares in the company, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred 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 approximately $62,421,282. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 123,295 shares of company stock worth $11,801,762. Company insiders own 45.58% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on WMT. Citigroup reiterated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Erste Group Bank lowered Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. DA Davidson reiterated a "buy" rating and issued a $117.00 price objective on shares of Walmart in a research report on Friday, May 16th. Barclays restated an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.50.

Walmart Price Performance

NYSE:WMT opened at $96.22 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock's 50-day simple moving average is $96.71 and its 200 day simple moving average is $94.22. The company has a market cap of $767.85 billion, a P/E ratio of 41.12, a P/E/G ratio of 4.75 and a beta of 0.69. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $164.53 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were issued a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's payout ratio is currently 40.17%.

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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