Walmart Inc. (NYSE:WMT) Shares Sold by Lee Johnson Capital Management LLC

Lee Johnson Capital Management LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 6.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,298 shares of the retailer's stock after selling 3,503 shares during the quarter. Walmart comprises 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 SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WMT. Horizon Financial Services LLC lifted its holdings in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after acquiring an additional 262 shares during the last quarter. EQ Wealth Advisors LLC purchased a new stake in shares of Walmart in the 1st quarter valued at approximately $35,000. Mizuho Bank Ltd. purchased a new position in shares of Walmart in the 4th quarter valued at $41,000. Nexus Investment Management ULC purchased a new position in shares of Walmart in the 1st quarter valued at $49,000. Finally, WealthTrak Capital Management LLC purchased a new position in shares of Walmart in the 4th quarter valued at $53,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Walmart news, EVP Kathryn J. Mclay sold 28,000 shares of the company's stock in a transaction dated 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 sale, the executive vice president directly owned 1,064,455 shares in the company, valued at $103,252,135. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $99.00, for a total transaction of $217,800.00. Following the completion of the sale, the executive vice president owned 630,518 shares of the company's stock, valued at approximately $62,421,282. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 142,711 shares of company stock worth $13,710,319 in the last 90 days. Insiders own 45.58% of the company's stock.

Walmart Price Performance

NYSE WMT traded down $1.89 on Thursday, reaching $94.92. The company's stock had a trading volume of 18,192,883 shares, compared to its average volume of 18,085,771. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30. 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 has a market cap of $757.48 billion, a PE ratio of 40.56, a PEG ratio of 4.67 and a beta of 0.68. The firm's 50 day moving average is $97.24 and its two-hundred day moving average is $94.45.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results 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 return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the prior year, the company earned $0.60 EPS. The firm's quarterly revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on WMT shares. Erste Group Bank cut shares of Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Raymond James Financial decreased their price objective on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Citigroup restated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Tigress Financial lifted their price target on shares of Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, DA Davidson restated a "buy" rating and issued a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Two investment 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $106.67.

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.