Lee Johnson Capital Management LLC Sells 3,503 Shares of Walmart Inc. (NYSE:WMT)

Lee Johnson Capital Management LLC cut its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 6.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,298 shares of the retailer's stock after selling 3,503 shares during the period. Walmart comprises about 2.3% of Lee Johnson Capital Management LLC's investment portfolio, making the stock its 10th biggest position. Lee Johnson Capital Management LLC's holdings in Walmart were worth $4,328,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Walmart by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock worth $38,194,278,000 after purchasing an additional 2,050,683 shares in the last quarter. Geode Capital Management LLC grew its holdings in Walmart by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock valued at $8,167,186,000 after buying an additional 3,017,829 shares in the last quarter. Norges Bank bought a new stake in shares of Walmart during the fourth quarter valued at approximately $5,737,355,000. Northern Trust Corp lifted its holdings in shares of Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after buying an additional 3,550,037 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Walmart by 1.2% in the fourth quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer's stock worth $3,796,129,000 after buying an additional 514,036 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

Walmart stock traded down $0.50 during trading hours on Friday, hitting $94.36. 14,577,628 shares of the stock traded hands, compared to its average volume of 18,111,476. The firm's 50 day moving average price is $97.10 and its 200-day moving average price is $94.49. 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 $753.03 billion, a price-to-earnings ratio of 40.32, a P/E/G ratio of 4.57 and a beta of 0.68. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted 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. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share. As a group, equities analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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

Insider Activity

In related news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total transaction of $217,800.00. Following the sale, the executive vice president owned 630,518 shares in the company, valued at approximately $62,421,282. This trade represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathryn J. Mclay sold 28,000 shares of Walmart stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the transaction, the executive vice president directly owned 1,064,455 shares of the company's stock, valued at $103,252,135. The trade was a 2.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 142,711 shares of company stock valued at $13,710,319. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on WMT. UBS Group cut their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Raymond James Financial cut their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $103.00 target price (up from $102.00) on shares of Walmart in a research report on Monday, June 9th. KeyCorp increased their price target on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Finally, DA Davidson restated a "buy" rating and set a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Two 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $106.67.

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.