Lmcg Investments LLC Sells 21,576 Shares of Walmart Inc. (NYSE:WMT)

Lmcg Investments LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 16.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,351 shares of the retailer's stock after selling 21,576 shares during the quarter. Lmcg Investments LLC's holdings in Walmart were worth $9,863,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wealth Management Partners LLC increased its holdings in Walmart by 2.3% in the 1st quarter. Wealth Management Partners LLC now owns 15,870 shares of the retailer's stock worth $1,393,000 after purchasing an additional 364 shares in the last quarter. Fermata Advisors LLC increased its stake in shares of Walmart by 18.4% in the first quarter. Fermata Advisors LLC now owns 14,191 shares of the retailer's stock valued at $1,246,000 after buying an additional 2,208 shares during the period. Wealth Group Ltd. raised its holdings in Walmart by 4.6% in the 1st quarter. Wealth Group Ltd. now owns 4,595 shares of the retailer's stock valued at $403,000 after buying an additional 200 shares during the last quarter. Naples Global Advisors LLC raised its holdings in Walmart by 1.0% in the 1st quarter. Naples Global Advisors LLC now owns 48,005 shares of the retailer's stock valued at $4,225,000 after buying an additional 481 shares during the last quarter. Finally, Bay Rivers Group acquired a new stake in Walmart during the 1st quarter worth approximately $1,066,000. Institutional investors own 26.76% of the company's stock.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the transaction, the executive vice president now directly owns 520,275 shares in the company, valued at approximately $49,332,475.50. This represents a 0.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. The trade was a 0.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,534 shares of company stock worth $12,833,664. Insiders own 45.58% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Citigroup reaffirmed a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Morgan Stanley reissued an "overweight" rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. DZ Bank raised Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a research note on Tuesday, February 25th. The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Finally, Piper Sandler raised their price target on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Walmart has an average rating of "Moderate Buy" and an average target price of $105.16.

Walmart Price Performance

Walmart stock traded down $0.50 during mid-day trading on Friday, hitting $97.46. 15,583,112 shares of the company traded hands, compared to its average volume of 17,882,163. The stock has a fifty day moving average price of $94.53 and a 200-day moving average price of $93.76. The stock has a market cap of $779.77 billion, a price-to-earnings ratio of 40.44, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a one year low of $65.64 and a one year high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

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, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same period last year, the firm posted $0.60 EPS. Walmart's revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities analysts predict that Walmart Inc. will post 2.55 earnings per share 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 $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio is 40.17%.

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.