Walmart Inc. (NYSE:WMT) Shares Sold by Lynch & Associates IN

Lynch & Associates IN lessened its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 2.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 202,525 shares of the retailer's stock after selling 4,886 shares during the period. Walmart makes up 3.8% of Lynch & Associates IN's portfolio, making the stock its 3rd biggest position. Lynch & Associates IN's holdings in Walmart were worth $17,780,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new stake in shares of Walmart during the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC raised its holdings in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares during the period. Noble Wealth Management PBC acquired a new stake in Walmart in the fourth quarter worth $37,000. Mizuho Bank Ltd. acquired a new stake in Walmart in the fourth quarter worth $41,000. Finally, Nexus Investment Management ULC acquired a new stake in shares of Walmart during the first quarter worth $49,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $94.28 on Tuesday. The company has a market cap of $752.39 billion, a price-to-earnings ratio of 39.12, a PEG ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The firm has a 50 day simple moving average of $96.04 and a 200 day simple moving average of $94.11. Walmart Inc. has a one year low of $66.41 and a one year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 earnings per share. Research 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. Investors of record on Monday, May 12th were issued a $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart's payout ratio is 40.17%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WMT shares. Erste Group Bank lowered shares of Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Barclays restated an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Royal Bank of Canada restated an "outperform" rating and set a $103.00 price objective (up from $102.00) on shares of Walmart in a research note on Monday, June 9th. Finally, Robert W. Baird lifted their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $106.50.

Insider Activity at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now directly owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. The trade was a 0.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the sale, the executive vice president now directly owns 630,518 shares of the company's stock, valued at $62,421,282. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,534 shares of company stock worth $12,833,664 over the last quarter. Company insiders own 45.58% of the company's stock.

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.

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