Walmart Inc. (NYSE:WMT) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. reduced its position in Walmart Inc. (NYSE:WMT - Free Report) by 20.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,831 shares of the retailer's stock after selling 33,656 shares during the period. Walmart comprises about 0.9% of Lee Danner & Bass Inc.'s portfolio, making the stock its 27th biggest holding. Lee Danner & Bass Inc.'s holdings in Walmart were worth $11,398,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in WMT. Horizon Financial Services LLC raised its position in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after buying an additional 262 shares during the last quarter. EQ Wealth Advisors LLC purchased a new stake in shares of Walmart in the first quarter valued at about $35,000. Mizuho Bank Ltd. purchased a new stake in shares of Walmart in the fourth quarter valued at about $41,000. Nexus Investment Management ULC purchased a new stake in shares of Walmart in the first quarter valued at about $49,000. Finally, WealthTrak Capital Management LLC purchased a new stake in shares of Walmart in the fourth quarter valued at about $53,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Performance

Shares of Walmart stock traded down $0.14 during trading on Wednesday, reaching $96.95. The company's stock had a trading volume of 9,645,587 shares, compared to its average volume of 18,049,610. The company has a 50-day moving average price of $97.24 and a two-hundred day moving average price of $94.43. The firm has a market cap of $773.70 billion, a PE ratio of 41.43, a P/E/G ratio of 4.78 and a beta of 0.68. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating 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 firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period last year, the firm posted $0.60 EPS. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. On average, analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Citigroup reissued a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Wall Street Zen raised shares of Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Mizuho increased their target price on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Finally, Erste Group Bank cut shares of Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $106.67.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the sale, the executive vice president directly owned 628,318 shares in the company, valued at approximately $61,851,623.92. The trade was a 0.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction on 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 sale, the executive vice president owned 945,434 shares in the company, valued at $90,619,848.90. The trade was a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,711 shares of company stock worth $13,710,319. 45.58% of the stock is currently owned by insiders.

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.