Walmart Inc. (NYSE:WMT) Position Cut by Jacobs & Co. CA

Jacobs & Co. CA cut its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,941 shares of the retailer's stock after selling 2,910 shares during the quarter. Jacobs & Co. CA's holdings in Walmart were worth $6,842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Waller Financial Planning Group Inc. lifted its holdings in shares of Walmart by 68.5% during the 1st quarter. Waller Financial Planning Group Inc. now owns 4,725 shares of the retailer's stock worth $415,000 after acquiring an additional 1,921 shares during the period. Marotta Asset Management increased its position in Walmart by 9.3% during the first quarter. Marotta Asset Management now owns 2,591 shares of the retailer's stock worth $209,000 after purchasing an additional 220 shares during the last quarter. Kera Capital Partners Inc. raised its stake in Walmart by 17.3% during the first quarter. Kera Capital Partners Inc. now owns 2,679 shares of the retailer's stock worth $235,000 after purchasing an additional 395 shares during the period. Marcum Wealth LLC raised its stake in Walmart by 4.5% during the first quarter. Marcum Wealth LLC now owns 24,183 shares of the retailer's stock worth $2,123,000 after purchasing an additional 1,052 shares during the period. Finally, Modus Advisors LLC boosted its holdings in shares of Walmart by 1.3% in the 1st quarter. Modus Advisors LLC now owns 11,651 shares of the retailer's stock valued at $1,023,000 after purchasing an additional 155 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WMT. Piper Sandler increased their target price on Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 price objective (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Guggenheim reissued a "buy" rating and set a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Finally, Citigroup restated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Walmart presently has an average rating of "Moderate Buy" and a consensus target price of $104.94.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total transaction of $166,883.20. Following the sale, the executive vice president now directly owns 520,275 shares of the company's stock, valued at approximately $49,332,475.50. This represents a 0.34% 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 Walmart stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now directly owns 888,309 shares of the company's stock, valued at $76,350,158.55. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,334 shares of company stock worth $12,615,864 over the last quarter. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Up 1.5%

Shares of NYSE:WMT traded up $1.47 during midday trading on Friday, reaching $98.57. The company had a trading volume of 29,968,085 shares, compared to its average volume of 17,890,104. The stock has a market capitalization of $788.65 billion, a P/E ratio of 40.90, a PEG ratio of 4.42 and a beta of 0.70. The stock's fifty day moving average price is $93.46 and its 200-day moving average price is $93.47. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a one year low of $65.16 and a one year high of $105.30.

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

Walmart Announces Dividend

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

Walmart 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.