Krilogy Financial LLC Sells 7,956 Shares of Walmart Inc. (NYSE:WMT)

Krilogy Financial LLC trimmed its stake in Walmart Inc. (NYSE:WMT - Free Report) by 11.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,075 shares of the retailer's stock after selling 7,956 shares during the quarter. Krilogy Financial LLC's holdings in Walmart were worth $5,186,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. World Investment Advisors increased its stake in Walmart by 7.6% during the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock valued at $24,532,000 after purchasing an additional 19,233 shares in the last quarter. Candriam S.C.A. grew its holdings in shares of Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock valued at $79,960,000 after buying an additional 599,257 shares during the last quarter. Modera Wealth Management LLC increased its position in shares of Walmart by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock worth $18,355,000 after acquiring an additional 9,292 shares in the last quarter. Cushing Capital Partners LLC acquired a new stake in shares of Walmart in the 4th quarter worth about $1,124,000. Finally, GWN Securities Inc. bought a new position in Walmart in the 4th quarter valued at about $4,658,000. 26.76% of the stock is owned by institutional investors.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total transaction of $195,052.00. Following the sale, the executive vice president now owns 398,024 shares of the company's stock, valued at approximately $35,288,807.84. This represents a 0.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. This represents a 0.45% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 139,294 shares of company stock worth $13,000,459. Corporate insiders own 45.58% of the company's stock.

Analyst Ratings Changes

WMT has been the subject of a number of recent research reports. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Truist Financial lifted their target price on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. DA Davidson reissued a "buy" rating and issued a $117.00 price target on shares of Walmart in a research report on Friday, May 16th. Telsey Advisory Group restated an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research note on Monday, June 9th. Finally, Mizuho lifted their price objective on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, June 9th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Walmart presently has an average rating of "Moderate Buy" and a consensus price target of $106.50.

Walmart Stock Performance

Shares of NYSE WMT traded down $0.05 during trading on Tuesday, reaching $94.24. 14,923,426 shares of the stock traded hands, compared to its average volume of 17,943,595. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The stock has a market capitalization of $752.04 billion, a P/E ratio of 40.27, a price-to-earnings-growth ratio of 4.60 and a beta of 0.69. Walmart Inc. has a 52-week low of $66.55 and a 52-week high of $105.30. The company has a 50-day moving average of $96.13 and a 200-day moving average of $94.11.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 EPS. Analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm 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 was Friday, May 9th. Walmart's dividend payout ratio (DPR) is presently 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.